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From YouTube: Cosmos Demo Day: Ethereum Assets on Agoric
Description
Rowland Graus from Agoric shows how developers can quickly bring wrapped Ethereum (WETH) to the Agoric ecosystem to create a vault, mint the stable local currency, and utilize that new currency in Agoric's AMM.
A
Welcome
to
the
agora
core
hq
application.
This
is
where
I
am
going
to
create
a
vault
to
mint
the
local
currency.
So
I'm
going
to
use
if
a
as
my
currency
to
lock
up
metamask
is
going
to
ask
to
connect,
and
now
I'm
going
to
configure
my
vault,
so
I'm
going
to
choose
how
much
mo
the
local
currency
that
I
want
to
receive
and
put
in
5
000
and
based
on
the
exchange
rate.
I
know
that
I
need
about
seven
each
for
that,
and
I
don't
have
enough.
A
So
it's
going
to
ask
me
to
transfer
my
e
from
the
ethereum
blockchain
through
peggy
to
agorik,
so
I'm
going
to
do
a
little
more
hit.
Transfer,
it's
going
to
ask
metamask
to
connect
for
me
and
because
this
first
transaction
is
on
the
ethereum
blockchain
and
then
metamask
would
mediate.
The
rest
of
the
the
transactions
chain
restarts
later
the
transaction's
gone
through
and
I
create
my
vault.
So
I'm
gonna
confirm
that
and
hit
create
and
the
app
is
going
to
ask
for
a
confirmation
in
my
wallet.
A
So
I've
got
an
offer
to
receive
5000
mo
in
exchange
for
seven
point
something
eth,
and
you
can
see
that
right
now
I
have
zero
mo
agoric
structures,
its
transactions
as
offers.
So
it's
always
a
given
a
want.
So
I'm
gonna
accept
this
and
then
you'll
be
able
to
see
that
I
now
have
5000
mo
in
my
treasury
mo
purse
and
a
little
bit
fewer
eth
in
my
treasury
eat
purse.
A
So
this
is
just
a
basic
demonstration
of
the
the
core
agoric
economy
hq
applications
and
with
this
local
currency,
a
user
can
go
in
use,
applications
that
are
built
both
by
agorik
and
by
third-party
developers
as
our
chain
is
a
virtual
machine
chain,
and
so
you
see
that
I
did
an
auto
swap
here.
I
spent
four
thousand
mo
and
I
got
back
some
treasury
eth
that
was
based
on
and
the
exchange
rate
there
was
based
on
the
liquidity
in
the
pool
and
with
that
that
ends
the
demonstration.
A
So
agorik
is
launching
a
smart
contracting
platform
in
javascript
running
on
tendermint
this
year.
The
core
economy
component
shown
in
this
demo,
will
be
available
for
third-party
developers
to
import
and
build
on
top
of
for
developers.
Building
on
our
chain
is
faster,
more
secure
and
more
accessible
to
a
wider
audience,
and
for
users
bringing
your
ether
in
is
a
breeze.
Transactions
are
tendermint
fast,
gas
is
cheap
and
early
users
will
share
in
staking
and
liquidity
rewards
and
build
the
community
with
us.
Thank
you.