►
From YouTube: Inter Protocol Community Call #5 — October 2022
Description
00:00 Introduction
00:15 Cosmoverse Recap
01:58 Roadmap for IST Launch
02:50 Parity Stability Module (PSM) launch is imminent
05:53 Validators Testing and Governance Proposal
07:40 Minting IST with USDT and USDC
09:26 Economic Committee and Minting Limits
14:59 https://psm.inter.trade dApp on Launch Day
18:44 New zones and future uses of IST
20:33 IST and ATOM 2.0
23:00 Upcoming Events and Inter Protocol Discourse
(https://community.agoric.com/c/inter-protocol)
A
All
right,
I'm
gonna,
kick
it
off.
One
second
joins
I'll.
Let
him
up
on
stage
easy
enough,
so
yeah
quickly,
Roland
Dean,
Cosmo,
verse,
question
mark
one
event
that
was
kind
of
unbelievable.
The
energy
there
was
outstanding
and
I
have
to
kind
of
give
a
shout
out
to
to
the
organizer
Cosmo
verse,
because
they,
you
know
they
went
all
out
from
the
event
space
to
the
side.
Events
to
the
you
know,
just
the
presentations
and
the
talks
and
like
the
energy
in
Goblin's
verse
was
pretty
nuts,
so
I
feel
you
know.
A
I
had
to
give
him
a
shout
out,
because
really
it
was.
It
was
a
really
special
event
brought
a
lot
of
really
really
interesting
people
together
such
a
kind
of
mess
with
Founders
and
Builders,
and
you
know,
and
of
course
djends
like
all
over
the
place
it
was.
It
was
good.
What
are
your
thoughts?
Roland
yeah.
B
I
know
I
I
I
will
say:
I
just
love
the
cosmos,
Focus
events,
you
know
I
know:
Missouri
mainnet
happened
before
that
and
I
was
I
had
to
miss
it,
but
I
was
sort
of
happy
that
the
one
that
I
could
go
to
was
Cosmos
focused.
You
know
this
Gateway
in
May
Cosmo
versus
last
year.
They're,
all
just
great.
You
know
people
people
there
that
are
all
building
doing
interesting.
Things
have
interesting
things
to
say,
and
usually
some
like
important
announcements
and
news.
So
I
couldn't
be
happy
here.
A
C
A
Yeah,
absolutely
so
I
think
you
know
it
goes
without
saying
we.
You
know
we've
been
kind
of
touting
this
for
a
while.
You
know
there's
a
a
launch
coming
pretty
soon
for
IST.
You
know:
we've
been
putting
out
content,
you
know.
If
you
go
to
our
blog
you'll,
see
you'll
see
we
have
kind
of
a
a
primer
on
on
what's
happening
at
launch
with
ist,
but
this
is
kind
of
a
good
opportunity
to
go
into
more
details.
A
You
know
Dean
Roland,
thanks
for
joining
on
this
I
think
you
know
I'd
love
to
you
know
why
don't
we
just
start
with
the
road
map
and
in
a
bit
of
you
know,
you
know
kind
of
what's
coming
and
then
maybe
shortly
what's
coming
after
at
a
high
level,
and
then
we
can
kind
of
dive
into
what
people
can
expect.
So.
D
B
D
I,
like
you
know,
it
was
I,
think
both
zucky
and
you
at
one
point
showed
me
a
trading
desk
of
stable
tokens
of
here's.
You
know
in
some
in
in
some
ecosystems,
here's
20
different
versions
of
of
stable
coins,
which
is
great
for
yield,
Farms,
but
end
users.
You
know
when
they
come
in,
they
want
to
just
be
able
to
to
to.
You
know,
pay
something.
D
That's
like
a
dollar,
you
know,
I
mean
you
know,
pay
a
token
and
not
think
about
what
of
the
20
different
currencies
that
are
floating
around,
am
I
going
to
use
for
interaction,
and
so
you
know
the
the
consolidating
all
of
these
sources
is
is
of.
Of
of
minting.
Is
a
big
part
of
that
that
Vision
to
make
the
make
cross
chain
defy
more
usable?
D
Is
you
can
just
use
this
this
this
base
stable
token
and
incorporate
any
other
any
other
source
of
value
into
it,
so
so
that
that's
exciting
the
the
the
process
right
now
we're
at
is
that
we've
got
we've.
We
did
I
know
inside
of
a
gork.
We,
of
course,
had
you
know,
testing
rounds
and
performance
measurements
and
all
that
sort
of
stuff.
B
Yes,
so
there
it
is
intestnut
now
and
validators
have
upgraded
on
that
test
net,
and
so
there
are
validators
that
are
testing
the
the
actual
proposal.
We
are
targeting
assuming
no
issues
in
testnet
we're
sort
of
expecting
a
proposal
by
end
of
week,
maybe
as
early
as
Saturday,
okay
cool
yeah.
So
that
would
mean
you
know
that
would
be
mid
next
week
for
it
to
pass
and
then
get
and
and
for
the
upgrade
to
happen
so
really
is
imminent
right
now.
B
D
C
D
Yep
yep
yeah
I
I
that
that
we
focus
on
ISD
here,
but
man
we've
been
working
on.
You
know:
reliable
reproducible,
deterministic,
checkpointed,
JavaScript,
extra,
smart
contracts
and
framework
for
for
for
quite
some
time
and
so
having
it
actually
go
into.
Something
that
people
find
valuable
is
is
is
is,
is
really
exciting,
so
yep,
okay,
so
yeah
dive
into
launch
day.
What
happens.
E
B
So
people
may
have
noticed
that
the
economic
committee
had
been
elected,
I
think
several
weeks
back
now
with
a
bunch
of
really
strong
experts
in
various
parts
of
the
field,
you
know
and
deep
Cosmos
people,
deep
legal
people,
deep
econ
people,
and
so
we're
really
excited
about
that
group.
But
what
may
be
missing
there
for
some
people
is
that
that
group
actually
has
sort
of
direct
control
over
parameters
on
the
inter-protocol
and
that
is
executed
through
those
governance
contracts
which
interact
with
the
PSM
contract
and
so
I'll.
B
Take
it
back
to
what
is
actually
happening
on
launch.
We
have
the
the
code.
That's
currently
going
through.
Testnet
has
four
different
stablecoin
Bridge
pairs
included
in
it,
and
that
is
not
to
necessarily
say
that
those
have
to
be
the
psms
that
primarily
back
IST
it
just
those
are
will
be.
What
launches
with
it,
and
that
is
usdc
and
usdt,
both
over
axelr
and
the
gravity
Bridge.
B
So
you
know
that's
two
two
assets
over
two
Bridges,
so
four
total
sort
of
IBC
genome
assets
that
are
launching
and
each
of
those
will
it
will
launch
with
a
default
mint
limit
which
is
effectively
zero.
It's
a
very
low,
mid
limit.
You
know
not
non-zero,
but
sort
of
not
not
meaningful,
and
what
will
then
have
to
happen
is
the
econ
committee
will
have
to
convene
and
vote
to
raise
the
limits
for
each
of
those
individually
and
that
will
sort
of
Express
their
view
of
the
sort
of
associated
risk.
B
You
know
by
bridge
and
by
asset
of
those
those
four
separate
assets
and
we're
we're
sort
of
you
know.
Not
only
is
that
important
for
people
to
know
as
the
launch
process
happens,
because
there
will
be
sort
of
a
potentially
day-long
period
where
they
need
to
convene
and
do
this,
but
it's
also
the
exercise
of
this
governance
functionality
that
we're
we're
really
excited
about
and
ends
up
being
a
critical
component
of
the
broader
IST
rollout,
where
we
we
expect
different,
minting
capabilities
to
be
governed
and
for
that
governance
capability
to
expand.
B
B
E
B
If,
if
the
community
over
time
disagreed
with
the
choices
of
the
econ
committee,
then
the
community
can
vote
to
replace
the
econ
committee,
and
so
that
is
sort
of
how
the
community
exercises
control,
but
one
of
the
goals
was
to
avoid
having
a
total,
a
token
vote
for
every
parameter,
change
in
system,
and
so,
as
a
result,
the
econ
committee
can
make
those
choices.
Yeah.
E
D
B
But
then,
in
terms
of
sort
of
waiting
of
an
overall
limit
across
the
different
assets
and
bridges,
we
expect
them
to
be
taking
into
consideration
the
relative
risk
that
they
see
in
the
assets.
And
that
may
be,
you
know,
regulatory
items
around
tether
or
you
know
I'm
just
making
something
up,
or
it
may
be
thing
things
around
bridges.
That
sort
of
include.
Does
the
bridge
have
a
mechanism
to
recover
if
in
case
of
catastrophic
failure,
or
does
it
have
a
fund?
B
For
that
reason,
you
know
what
kinds
of
What
kinds
of
risk
are
we
truly
taking
on
as
a
result
of
backing
IST?
With
this,
this
particular
asset,
which
is
a
mix
of
Asset,
Risk
and
Bridge
risk,
and
so
the
econ
committee
should
be
in
a
great
position
to
make
those
kinds
of
determinations
and
that's
why
we're
just
excited
about
this
group
to
begin
with.
D
I've
been
seeing
just
a
little
bit
of
their
conversation,
and
you
know
it's
always
fun.
Seeing
people
who
are
expert
where
they're
bringing
up
issues
just
like
oh
I'm,
so
glad
I
have
these
people
thinking
about
it,
because
I
didn't
think
of
that
one
right,
so
yeah
it
I'm
I'm,
really
look
I'm,
really
glad
that
they're
that
they're
participating
the
other
thing
I
wanted
to
add
your
your
question.
D
Parameter
governance
is
handled
by
the
econ
committee,
the
software
upgrade
and
and
feature
Edition
and
some
of
those
core
things.
Those
are
those
do
remain
in
the
in
the
you
know,
controlled
by
a
vote
of
the
State
build
holders
right.
That's
you
know,
the
the.
What
new
mechanisms
will
be
added
is
a
is
a
is
a
chain
vote
and
that
that
will
have
a
set
of
parameters
that
the
you
know.
B
Yeah-
and
that
also
includes
the
addition
of
a
new
parity
stability
module,
so
adding
adding
new
assets
to
back
IST
remains
a
chain
phone.
The
econ
committee
is
able
to
control
the
minting
limits
to
make
sure
you
know,
if
something
slips
through
that
really
or
turns
out
to
become
more
risky
than
anybody
new,
they
can
act
quickly,
but,
yes
to
add
new
collateral
new
psms
backing
IST
that
that
is
a
chain
vote.
B
The
econ
committee
allows
and
that
will
allow
you
to
trade
one
for
one
and
the
reason
you
do
that
is
that
we
are
looking
to
and
by
we
I
mean
sort
of
the
broader
Community
is
looking
to
fund
incentives
on
liquidity,
pools
likely
starting
on
osmosis,
but
adding
Crescent.
Shortly
after
that,
we've
got
some
thoughts
on
where
those
might
be
and
I
think
it'll
it'll
be
up,
it'll
depend
on
a
whole
bunch
of
things,
and
so
we'll
need
to
announce
at
the
actual
time.
B
Yep
exactly
right,
and
so
for
those
of
you
that
maybe
haven't
done
that
kind
of
defy
activity
before
we'll
have
guides
up
and
running.
Some
of
those
will
be
ready
for
testnet
shortly
likely
in
the
next
day
or
so
with
screenshots
walkthroughs
and
all
that.
But
for
those
of
you
that
are
familiar,
it's
going
to
be
pretty
similar
to
The
Experience
you've
seen
before
in
terms
of
bridging
over
IBC
there's
a
few
agoric
specific
things.
D
So
I
think
you
know
so
so
there's
that
initial
rollout,
where
the
people
actually
moving
and
and
generating
the
the
the
first
isg
and
getting
it
out
to
the
to
to
to
across
other
chains.
You
know
they'll
be
that
phase,
but
a
lot
of
people
in
the
future
will
just
be
able
to
use
IST
directly
on
whatever
Network
they're
on
right.
D
B
B
S
as
likely
early
destinations,
we
yeah,
we
talked
about
Cosmo
birth
earlier
there
were
a
number
of
great
conversations
with
other
Cosmos
zones
at
Cosmo
verse,
and
so
you
know,
a
lot
of
people
are
excited
to
bring
IST
in
and
we're
excited
to
have
it
roll
out
and
and
get
added
to
additional
zones.
You
know
I
mentioned
it's
likely.
The
minting
limits
will
be
conservative
to
start
with
and
we'll
ramp
up,
as
as
we
gain
confidence,
and
so
that
will
likely
lead
to
new
zones
adding
IST.
B
D
Right,
you
know
the
the
the
the
the
one
of
the
important
things
about
this
rollout.
It's
really
you
know
the
way
I
characterize
it
is.
Our
focus
is
integration
with
across
the
internet?
Okay,
so
the
narrowest
smallest
possible
thing
that
gets
IST
out,
so
we
can
get
integrated
into
the
ecosystem
and
generally
in
use.
The
being
you
know,
you
know,
no
question
in
the
future
is
being
able
to
be
backed
by
interchain
assets,
and
you
know
you
know
like
Adam
and
such,
and
so
that
is
you
know.
D
That
is
a
big
part
of
the
value
of
IST.
Is
it
can
aggregate
the
current
crop
of
various
sources
of
stable
coins,
but
unlocking
the
asset
value
in
The
Interchange
is
is,
is
you
know
a
pretty
crucial
part
of
the
future?
And
so
so
you
know
exactly.
As
you
say,
the
extensibility
is
is
a
reason
to
is
one
of
the
key
powers
of
IST.
D
C
The
biggest
thing,
I
would
say,
is
the
relationship
between
what
we,
what
we
want
is
a
world
in
which
Adam
is
actually
able
to
be
more
than
just
a
passive
asset
that
can
contribute
to
IST.
That's
the
atom
2.0
Vision.
The
m2.0
vision
is
that,
like
the
cosmos,
the
atom,
the
cosmos,
Hub
and
the
atom
token
can
meaningfully
partner
with
IST
and
that
the
mutual
success
of
both
can
become
more
than
it
is
more
than
anyone
in
either
side
can
accomplish.
C
You
know
the
other
thing
that,
like
you
know,
is
going
to
be
a
downdraft
in
the
current
Adam
economics
that
you
know,
Adam
2.0
is
hoping
to
fix
with
liquid
staking,
and
you
know
changes
to
the
issuance
process
for
Adams.
Is
you
know
if
you
are
getting
leverage
on
on
with
you
know,
just
unstaked
atoms
right,
you're,
paying
a
20
tax
for
the
on
top
of
for
the
loan
right,
20
opportunity
cost
for
the
loan,
and
you
know
that's
also
good.
C
C
A
A
You
know
grow
this
community
and
ecosystem
for
IST.
You
know
I
also
want
to
note
that
we,
you
know
I,
think
someone
might
have
mentioned
it,
but
you
know
we
we
do
have
a
forum
up.
If
you
go
to
community.org.com
enter
protocol
actually
has
a
section
there,
so
I
think
for
longer
form
conversations.
You
know.
If
you
have
those
you
have
ideas
or
you
want
topics
to
discuss.
A
You
know
definitely
head
there
drop
those
there.
That's
now
live,
so
that's
yeah,
that's
a
really
good
place,
so
you
know
things
don't
get
lost
on
Twitter
and
Discord.
So
the
other
thing
is
you
know.
Actually,
maybe
we
should
just
open
it
up.
If
anyone
has
questions,
definitely
request
to
speak
and
we'll
get
you
up
here.
You
know
we
want
to.
A
A
D
A
D
Of
the
main
things
actually
I
will
add,
right
is
the
econ
committee,
as
as
Roland
said,
is
working
on.
You
know
on
what
are
the
limits
and
those
will
all
be
discussed
on
that
Forum
you
mentioned
and
you're.
You
know
the
the
information
as
the
the
low
level
details
that
affect
this
come
out,
they'll
be
hit,
there
they'll
show
up,
there,
they'll
be
discussed
there
and
and
then
those
then
that
team
will
go
off
and
and
make
it
happen.