►
From YouTube: DXbiz Weekly Meeting [2020-10-19]
Description
No description was provided for this meeting.
If this is YOUR meeting, an easy way to fix this is to add a description to your video, wherever mtngs.io found it (probably YouTube).
A
C
Oh
boy,
do
you
have
earbuds
kristoff
because
I
feel
like
you're
getting.
A
D
A
So
yeah,
thank
you
for
having
me
here,
I'm
christophe,
mussenbock
from
easter
risk,
I'm
one
of
the
founders
co-founders
via
three
founders.
Beside
me,
there
is
reynard
kassanchin
and
stefan
kapichek,
and
currently
we
have
a
bit
shared
our
workload.
So
reynard
is
working
on
a
side
project
atomica
and
stefan
is
in
switzerland
on
the
university
of
san
galin
and
is
doing
research
for
token
models,
and
I'm
doing
most
of
the
actual
project
work
here
with
is
a
risk,
and
I
will
guide
you
through
some
slides.
So
you
get
some
background.
A
I
don't
know
if
you
know
is
a
risk.
Some
people
know
us
quite
well,
but
so,
if
it's
too
too
long,
then
please
just
let
me
know,
then
I
would
speed
a
little
bit
up.
Okay,
we
started
actually
2000
yeah,
that's
the
history
of
bitcoin
and
tokens.
We
started
in
2016
14
when
it's
in
ethereum
was
launched,
and
that
was
the
first
moment
when
I
got
in
contact
with
blockchain
and
immediately
started
working
on
an
idea.
A
My
personal
background,
I'm
a
mathematician
and
physician,
and
I
have
worked
in
the
german
banking
industry
for
25
years
and
a
long
time
in
the
banking
I.t.
So
I
was
a
product
manager
for
a
large
banking
system
and
things
like
this
electronic
banking
and
so
on
and
also
risk
management.
And
so
when
ethereum
came
started,
then
it
immediately
draw
my
attention
and
I
started
working
on
some
prototype
and
first
prototype
was
an
insurance
product
flight
delay,
and
so
we
launched
a
flight
delay
in
2016
at
defcon
2.
A
That
was
the
first
more
complex
step
at
that
time
with
the
real
world
application,
and
so
it
was
quite
well
recepted
and
we
started
then
to
build
up
our
company
the
risk
around
this
prototype,
and
we
very
quickly
saw
that
there
is
more
demand
than
just
for
one
insurance
product.
But
actually
there
is
a
need
for
fully
automated
insurance
products
which
can
be
built
in
a
short
time
and
launched
quickly,
and
that
was
where
we
entered
then
2016
17.
A
You
know
there
was
the
big
ico
hype
and
we
also
started
thinking
on
an
ico
which
we
conducted
in
2018
and
now,
two
years
later,
we
are
in
the
dv
space,
and
this
has
also
some
influence
on
our
plans,
and
I
will
quickly
tell
you
what
that
means
for
us.
A
So
why
do?
Are
we
doing
decentralized
insurance?
We
know
that
insurance
is
the
traditional
insurance
is
often
very
unfair,
because
it's
selling
promises
which
are
never
fulfilled,
at
least
here
in
the
urban
dictionary.
A
So
we
tried
to
do
it
better.
So
we
wanted
to
create
an
insurance
system
which
is
fully
transparent
and
fully
fair
and
which
always
pays
out
according
to
predefined
rules,
so
actually
very
basic
idea.
We
have
a
data
source.
A
data
source,
for
example,
for
flight
delay,
is
a
large
flight
database
where
we
have
a
real-time
access
to
all
business
flights
worldwide,
and
we
can
see
if
the
flight
is
delayed
shortly
after
the
landing,
and
this
data
is
transferred
to
blockchain
via
an
oracle.
A
We
started
with
provable
now
we
are
working
together
with
chain
link
and
then
we
can
use
a
smart
contract
which
decides
if
a
certain
insurance
contract
is
has
a
payout,
because
if
the
flight
is
insured
and
the
user
interface
is,
of
course,
some
web
application
and
metamask
some
wallet
and
there
you
can
buy
your
policy
and
the
rest
is
fully
automated
on
blockchain.
There
is
no
human
interference,
there
is
no
human
decision,
no
human
agents,
and
so
the
full
system
is
completely
transparent
and
fair.
A
So
that
was
the
basic
idea
and
of
of
course
you
can.
Exchange
flight
starts
against
any
data
source,
for
example,
weather
data
for
crop
insurance
or
any
other
data
source
which
you
have
and
data
is
abundant
today.
So
actually
you
can
use
any
data
source
which
describes
a
certain
risk
and
build
a
smart
contract
insurance
system
around
it
and
because
it
is
so
generic.
D
A
Decided
not
to
build
a
specific
smart
contract
for
every
single
product,
but
to
build
a
generic
framework
insurance
frameworks
gif.
But
I
will
come
to
this
later,
so
here's
the
workflow
select
the
flight
calculates
a
premium.
That
is
the
first
time
where
we
ask
the
oracle,
because
we
need
historical
flight
data.
The
the
delays
in
the
past
are
used
to
calculate
the
risk
for
a
delay
in
the
future.
A
Then
the
premium
is
paid.
Then,
of
course
you
need
to
fly,
and
if
the
flight
is
delayed,
then
you
get
an
automated
payout
and
so
of
course,
ideally,
the
whole
payout
is
also
processed
via
some
stablecoin,
for
example,
or
other
crypto
asset,
because
everything
is
on
blockchain
okay,
so
that
is
the
basic
idea.
So
this
system,
where
the
whole
insurance
process
is
driven
by
data,
is
also
called
a
parametric
insurance.
A
So
we
are
focusing
on
parametric
insurance,
and
this
is
a
bit
different
from,
for
example,
nexus.
Mutual
nexus.
Mutual
is
also
blockchain
based
insurance,
but
they
don't
have
a
data
driven
system,
but
they
have
a
governance
driven
system,
so
they
have
risk
assessors,
which
are
humans
and
a
group
of
risk.
Assessors
makes
the
decisions
which
insurance
policies
are
paid
out.
In
our
case,
everything
is
automated
data
driven,
and
so
we
are
covering
two
different
areas
in
the
insurance
space
and
I
think
both
ways
are
have
a
large
opportunity,
and
so
you
have
seen
nexus.
A
Mutual
has
had
a
huge
demand
in
summer,
and
we
are
a
bit
after
this
because
we
have
worked
on
other
products
in
the
meantime
which
I
will
explain
later
here.
A
So
the
next
step
was
for
us.
We
have
been
asked
to
develop
a
micro,
insurance
or
inclusive
insurance
system
by
two
partners.
Oxham
and
aeon.
Aeon
is
a
large
insurance
broker
and
oxfam
is
a
large
organization
for
a
not-for-profit
organization
for
development
of
underdeveloped
countries,
and
they
these
three
have
been
working
together
on
a
micro
insurance
scheme
in
sri
lanka,
and
that
was
what
we
did
in
2019
after
our
tge.
That
was
the
first
product
that
we
have
brought
to
the
public
all
on
a
small
scale,
but
that
was
our
first
product.
A
So
it
was
not
that
much
recognized
in
the
crypto
space,
but
mainly
in
the
traditional
insurance
space,
at
something
very
innovative,
because
the
operating
cost
of
such
a
micro
insurance
is
very
low.
It's
all
based
on
blockchain,
there
are
no
human
agents,
so
the
operating
costs
are
very
low,
and
so
it
makes
insurance
affordable
for
also
smallholder
farmers
which
have
not
much
money
to
pay
and
gives
them
the
opportunity
to
ensure
mainly
against
weather
risks.
A
So
here
you
see
the
the
ratio
you
see.
Most
of
these
underdeveloped
countries
have
a
very
low
ratio
of
of
coverage
in
respect
to
the
whole
volume
of
economy,
and
that
creates
a
huge
opportunity
for
us
to
build
inclusive
insurance
there,
and
we
cannot
only
ensure
the
actual
risk
which
is
at
the
top
left
corner
of
the
slide,
but
we
can
also
ensure
the
whole
value
chain.
So
everybody
on
the
value
chain
from
supplier
producer,
retailer
consumer,
they
all
profit
off
this
insurance
and
they
all
pay
a
small
part
of
the
premium.
A
Insurance
is
highly
regulated
in
all
countries,
so
we
asked
the
german
regulator
barfin,
that
is
an
authority
and
they
they
they
are
responsible
for
licensing
all
insurance
companies
in
germany,
and
we
asked
that
let's
say
give
us
a
license
and
they
said:
okay,
no
problem,
only
what
you
need
is
5
million
euros.
So
that
was
not
what
we
had
in
our
bucket.
So
we
asked.
Is
there
any
way
around?
This?
A
Are
there
any
exceptions,
but
unfortunately
they
did
not
give
us
any
opportunity-
and
that
was
a
large
blocker
for
some
time
for
us.
But
finally,
we
found
out
that
there
is
a
small
loophole
in
the
legal
structure
in
germany
and
the
idea
is
in
germany.
Insurance
is
always
connected
with
a
legal
claim,
and
so
that
is
a
the
red
print
here,
and
that
is
also
in
the
u.s
and
other
countries.
A
So
insurance
is
always
a
legal
claim
to
get
a
payout
if
some
loss
event
happens,
and
so
we
we
invented
a
scheme
where
you
say:
okay,
if
the
legal
promise
is
a
core
of
the
whole
system,
and
if
this
legal
promise
is
also
the
reason
for
all
the
regulations
and
laws
and
compliance
and
whatever,
which
creates
a
huge
cost
and
entry
barrier,
then
let's
get
off
this
legal
promise.
A
So
what
we
did,
okay,
we
said:
do
we
need
a
legal
promise?
We
need
it,
of
course,
for
large
insurance
policies.
You
need
legal
claims
and
all
this
stuff
also
to
protect
customers,
but
in
many
cases
consumer
protection
and
investor
protection
can
be
can
be
made
much
simpler.
A
So
for
especially
for
small
insurance
products
with
small
premiums,
you
don't
need
legal
enforcement
and
you
don't
need
a
legal
promise.
So
what
we
did?
We
replaced
the
legal
promise
by
a
technical
promise.
We
said:
okay,
we
don't
promise
you
legally
to
pay
out,
but
we
put
your
money
in
a
smart
contract
and
the
smart
contract
is
deterministic.
A
A
A
So
it's
a
huge
opportunity
now
and
we
try
to
use
this,
of
course,
also
for
defy
products
defy
is
getting
crazy
currently,
and
so
we
want
to
also
be
part
of
this
movement,
and
we
have
now
the
legal
framework
for
this,
and
we
can
build
insurance
policies
which
are
also
coined
for
defy,
and
you
know,
there's
a
lot
of
hacks
and
crashes
around
and
you
know
also
nexus.
A
Mutual
is
offering
smart
contract
insurance,
and
you
see
here
in
the
summer
of
2020,
we
had
a
huge
increase
in
demand
for
smart
contract
insurance
and
actually
nexus
mutual
was
completely
sold
out
and
they
did
not.
They
will
not
be
able
to
sell
more
policy,
because
the
risk
capital
was
not
enough,
and
so
we
think
there
is
a
large
opportunity
also,
of
course,
for
us,
and
now
we
are.
We
have,
of
course,
one
problem
before
for
this
road
map.
A
What
we
have,
especially
in
the
next
two
years,
where
we
want
to
launch
flight
delay
in
a
new
way.
We
want
to
launch
crop
insurance,
we
want
to
launch
wallet,
insurance
or
other
smart
contract
insurance
together
with
gnosis,
for
example,
we
need
funding,
and
so
we
we
are
currently
looking
for
a
second
token
sale
and
we
know
gnosis
for
a
very
long
time
and
we
are
in
contact
with
them.
A
They
are
also
interested
in
building
a
wallet
insurance
together
with
us,
and
then
I
also
stumbled
upon
the
automated
market
maker
bonding
curve,
and
so
that's
the
current
state.
We
are
exploring
if
you
can
use
the
gnosis
protocol
for
our
next
round
of
token
sale,
and
this
is
of
course,
where
we
also
want
to
be
part
of
mesa
and
to
be
able
to
be
part
of
this
whole
decentralized
exchange
where
we
want
to
give
our
token
holders
opportunity
to
trade
their
tokens.
A
And
yes,
that's
where
I
come
to
our
proposal.
Yeah.
We
have
already
launched
a
proposal
and
we
want
to
first
of
all
add
our
token
to
mesa.
A
The
dip
token
is
currently
traded
on
unisop,
with
a
very
high
volume
of
something
300,
000
500
dollars
a
day
and
increasing,
and
so
I
think
there
is
currently
a
good
moment
for
a
second
sale,
and
you
want
to
use
the
gnosis
protocol
for
this
for
the
token
sale
using
an
automatic
custom
market
maker
with
bonding
curves
and
additionally,
it
would
be
super
helpful
if
our
token
would
be
listed
on
visa.
So
people
can
use
this
in
a
closed
ecosystem
yeah.
That's
that's
all
what
I
have
to
tell
and
yeah.
A
E
Yeah
in
this
case,
so
I
I
don't
think,
we've
worked
with
a
token
offering
on
mesa
that
already
has
like
a
giant
liquid
market
on
unit
swap.
So
it's
more
of
like
this,
a
secondary
offering,
and
I'm
wondering
it's
not
a
it's
a
question
for
the
audience
in
general.
How
like?
E
Because
we
had
some
issues
where
there
were
some
initial
offerings
and
there
was
actually
some
liquidity.
So
there
were
some
sellers
also
on
mesa
in
addition
to
the
project,
but
if
you
are
expecting
that
it
would
be
okay
to
put
in
your
offering
your
you
know
your
offers
into
the
system
according
to
the
curve,
but
you
can't
stop
people
from
who
have
the
token
from
from
selling.
A
Of
course,
that's
that's!
That's
okay,
yeah!
So
that's
why
we
are
using
a
bonding
curve.
So,
of
course
we
currently.
What
we
expect
we
hear
from
our
community
is
that
there
are
few
people
who
are
willing
to
to
sell,
because
we
have
a
large
roadmap
and
people,
of
course
expect
that
the
token
will
increase
in
price
and
they
are
not
willing
to
sell.
A
So
there
is
actually
a
lack
of
of
supply,
and
so
we
want
to
fill
this
gap
with
with
our
second
token
sale,
and
we
are
quite
sure
that
that
we
will
be
able
to
sell,
not
a
huge
amount.
But
actually
we
do
not
need
that
much
money.
So
we
are
not
expecting
tens
of
millions.
We
are
expecting
a
volume
of
between
one
and
three
million
u.s
dollars.
That's
that's
the
range,
what
we
expect
and
what
we
also
need,
because
we
had.
A
You
know
we
had
our
ico
in
2018,
where
we
built
our
generic
insurance
framework,
which
is
fully
operational
and
the
only
thing
what
we
need
is
now
some
funding
for,
for
example,
crop
insurance,
because
that's
something
what
we
also
want
to
subsidize
and
the
other
areas.
What
we
are
going
to,
we
want
to
develop
some
user
interface,
which
makes
it
more
easy
for
third
parties
to
develop
their
own
insurance
products.
A
So,
let's
see
the
main
topics,
what
we
are
going
to
develop
to
make
the
system
more
user-friendly
and
enable
more
people
more
parties
to
to
build
their
own
products
and
of
course
we
want
to
build
the
whole
token
economy
around
this.
With
staking,
we
have
a
night
very
nice
staking
model
which
is
also
advanced
price.
A
We
have
a
white
paper
written
by
stefan,
and
the
paper
has
won
a
prize
in
switzerland,
and
so
we
want
to
implement
this
system
in
as
a
staking
model
for
risk
pools
and
so
a
lot
of
things
to
do,
and
so
we
need
some
fun
some
more
funding,
and
that
is
what
we
are
trying
to
achieve
and
I'm
pretty
sure
that
it's
possible
in
the
current
situation.
B
A
A
It
had
a
formal
verification,
so
actually
the
risk
of
a
hack
is
really
low,
but
still
people
are
hesitating
to
put
large
amounts
in
and
ignore
the
safe
because
they
think
well,
it's
super
safe,
but
if
there
was
insurance,
that
would
be
still
be
better
yeah,
so
you're
currently
working
on
this
product-
and
this
is
still
a
bit
yeah-
it's
not.
We
are
not
much
talking
about
it
because
we
are
in
an
early
stage,
but
I
think
here
it's
it's
fair
for
you
to
tell
what
we
are.
A
What
we
have
in
the
pipeline,
so
wallet
insurance
will
be
the
first
thing
and
of
course
that
comes
with
all
tokens
taking
and
all
these
also,
we
will
provide
incentives
for
people
selling
these
insurance
to
token
holders
and
so
on.
A
So
there
is
a
whole
system
of
token
incentives
and
tokens
taking
around
this,
and
so
that's
a
day
fee
and
of
course,
if
we
have
wallet
insurance,
then
we
can
also
make
the
next
step
to
general
smart
contract
insurance
in
the
way
nexus
did
it
and
does
it,
and
but
that
would
not
be
parametric.
So
it's
a
bit
of
our
current
focus,
but
we
will
see
if
there
is
a
large
opportunity,
a
large
demand.
Then
we
will
also
enter
in
this
field.
B
Gotcha
is
it
is
it
similar
to
nexus
and
that
it's
cover
that
you
are
selling
to
any
party,
or
is
it
exclusively
sold
to
the
holder
of
the
wallet.
A
B
A
Will
we
will
have
two
phases
of
our
next
sale?
The
first
phase
will
be
exclusively
for
the
early
investors,
so
people
who
are
holding
deep
tokens
since
our
ico
and
never
sold
them
that
will
be
able
to
be.
They
will
get
a
bit
favorite
conditions,
of
course,
as
they
they
have
taken
all
the
risk
for
the
last
two
years.
So
I
think
it's
fair
to
give
them
a
bit
of
bonus,
but
then,
in
the
second
phase
we
will
open
it
to
everybody,
and
so
that's
the
current
plan.
B
Sorry
I
should
have
been
a
little
more
clear
when
you're
buying
insurance
through
ether
risk.
Is
it
open
to
any
party
to
buy?
You
know
kind
of
a
nexus
mutual
you
can
buy
cover
like
I
could
buy
cover
up
on,
like
I
don't
know,
uniswap
or
something
without
actually
holding
anything
on
uniswap.
A
A
Anybody
can
buy
cover
and
it's
a
bit
different
from
nexus,
because
nexus
is
a
closed
community.
You
need
to
become
member,
you
have
kyc
procedures,
and
so
it's
it's
a
bit
of
a
hassle
to
enter
the
system
and
the
nexus
token
is
not
tradable.
It's
only
tradable
in
the
closed
community,
so
our
token
is
freely
tradable.
We
have
no
kyc,
or
at
least
only
very
limited
email
and
name
is
sufficient
and
everybody
can
buy
cover
in
our
system.
A
That's
that's
the
advantage
of
the
german
legal
system
and
we
have
risk
pool
providers
which
are
some
some
something
like
liquidity
providers
on
a
decentralized
exchange.
A
We
have
risk
pool
providers
and
they
provide
a
collateral
for
risk
which
which
can
be
transferred,
and
these
people
need
to
be
kyc
so
because
we
are
taking
large
sums
of
money,
and
so
we
are,
we
are
not
legally
obliged
to
make
kyc,
but
for
my
knowledge
of
the
german
financial
system,
it's
very
clear
that
one
day
or
the
other,
the
regulator
will
come
and
ask
us:
where
does
the
money
come
from?
And
then
we
should
have
a
good
answer,
so
you
can
buy.
C
B
Has
there
been
any
discussion
about
taos
buying
insurance
for
themselves?
Sorry,
I'm
not
sure
what
you
mean
like,
for
instance,
tx
tao
has
a
treasury
and
it
I
think
it
could
be
interesting
if
the
external
could
insure
its
own
treasury.
A
Against
yeah,
that's
a
let's
try
this!
That
would
be
a
smart
contract
insurance,
basically
yeah,
so
yeah
any
project
which
has
a
large
surgery.
Then
we
could
ensure
the
the
this
treasury
contracts.
That's
what
nexus
mutual
does
actually
and
it's
currently
it's
not
on
our
near
time
roadmap,
but
depending
on
how
things
develop,
we
will
put
it
on
our
midterm
roadmap.
B
A
F
C
All
right,
so
I
guess
you
know
I
I
can
help
boost
the
proposal
for
a
vote
and
I
mean
unless
there's
like
any
objections
to
the
listing
of
the
dip.
Token
like
I'd,
be
happy
to
you
know,
to
boost
it
and
see
if
we
can
get
some
votes
on
it.
G
C
A
Okay,
thank
you
so
much,
and
if
there
is
anything
I
can
any
questions
and
please
we
have
our
telegram
channel
and
we
will
open,
also
discord
server
in
the
next
days.
So
there
will
be
also
space
to
discuss,
organized
by
topics
and
currently
telegram
channel
is
getting
a
bit
overcrowded.
So
we
are
moving
to
discord,
and
so
we
are
able
to
channel
all
the
questions
a
bit
better
than
now
and
happy
to
see
you
there
yeah
well
one
last
thing
christoph.
C
Yeah
it
it
would
take,
I
believe,
five
or
so
days
for
this
proposal
to
pass
yep.
They
were
voted
on,
in
which
case
I
I
would
like
to
hear
like
about
any
content
or
announcements
that
you
might
have
so
maybe
could
potentially
sync
up
on
social
media.
C
Have
a
good
evening,
all
righty,
so
I
think
next
topic.
I
know
that
john
wanted
to
discuss
xti
related
strategy.
B
Yeah
sure
I
just
figured
since
there
wasn't
anything
else
on
the
schedule
and
we
have
a
couple
of
releases
coming
out
next
time.
We
have
the
dow
on
next
time
now
it
might
be
useful
to
talk
a
little
bit
about
it
on
the
biz
dev
side
like
what's
our
what's.
B
Here
like
what's
going
on
next
time,
what
do
people
know
and
they
don't
have
any
big
ideas
other
than
you
know
like
so
basa
is
about
ready
for
xdi
support.
We
just
have
to
figure
out
the
token
registry
which
I'm
going
to
be
working
on
today.
I
think
omen
it
should
be
coming
onto
xda
within
possibly
weeks
yeah,
so
I
just
figured
it
might
be
good
to
to
think
about
that.
A
little
bit.
E
E
We
have
this
side
tool,
which
is
a
mostly
mapped
set
of
the
reputation
of
the
same
holders
and
right
now
other
than
the
fact
that
it
was
deployed
and
someone
matched
the
reputation
and
we've
done
a
couple
proposals
and
we've
done
one
on
chain
main
net
proposal
to
fund
it,
which
is
in
the
process
of
happening
other
than
that,
like
we
don't
have
clear
rules
around
clear
rules
or
goals
around
what
the
dot,
what
dx
dow
main
net
is
deciding
to
use
it
for
so
I
did
make
a
a
document
with
some
of
the
ideas
around
what
it
can
be
used
for
and
that's
in
the
governance
channel
on
key
base.
E
I
believe
if
people
it's
a
working
dock
and
it
can
be
expanded,
but
it's
like
we
wanna.
I
guess
we
need
to
set
guidelines
for
like
what
we
want
to
leverage
this
tool
for
and
then
how
we
will
treat
this
tool
like
if
you
earn
reputation
on
x,
die
like
for
doing
a
proposal.
Does
that
count
as
reputation
on
main
that
too?
E
Or
do
we
try
to
keep
all
of
the
main
record
of
reputation
on
mainnet,
and
then
we
can
just
like
redo,
like
re
re,
equal
it
like
the
dx,
the
the
the
xdi
dow
rep
to
the
main
net
dial.
So
like
the
process
of
how
we're
treating
rep
the
process
of
if
no
proposal
happens
on
the
x
die,
dao
does
that
does
that
be
ratified
by
the
main
net
dow
at
some
point
to
be
the
official
voice
of
the
dow
and
things
like
that.
E
So
there's
all
these
moving
parts
and
I
think
once
we
have
some
funds
there.
The
idea
is
to
do
a
couple,
competition
schemes,
which
is
there's
a
bunch
of
schemes
that
we
can
do
on
xdi
dao
that
are
easier
and
that
we
can't
do
on
mainnet
right
now.
So
we
can
try
a
few
competitions.
We
could
try
some
bounties.
E
We
can
try
some
signal
proposals
other
than
trying
out
a
few
different
things
and
then
and
then
going
from
there.
I
don't.
I
think
that
would
be
one
of
the
better
ways
to
proceed,
and
also
this
dow
could
have
the
we
can
give
it
the
ability
to
control
the
token
lists
and
parameters
of
things
like
dx
swap
and
mesa
that
are
on
that
are
going
to
be
r
and
omen
that
are
going
to
be
running
on
xdi.
So
it's
a
closer
connection
and
a
better
way
to
govern
the
those
products.
C
Right,
I'm
I'm
really
like
uninformed
on,
like
how
mesa
is
going
to
work
on
next
die
and
I'm
still
learning
how
x-style
works,
but
from
what
I'm
understanding
it
seems
like
each
each
asset
like
has
its
own
bridge
right
or
can
there
be
one
place
to
bridge
your
erc20
assets?
2
x,
die.
E
E
So
if
you
have
in
your
wallet
on
mainnet
die
and
you
want
to
bridge
it
across
to
x,
die
network
and
get
and
you
you're
going
to
get
x
die
and
the
way
you
do
that
is
you
go
to
the
xdi
bridge
on
mainnet,
you
do
a
transaction
where
you
lock
up
say
a
hundred
die,
and
that
goes
into
a
bridge
contract
that
the
validators
of
the
bridge
control,
and
so
it
always
comes
down
to
who
controls
the
bridge.
In
that
case,
it's
a
it's.
E
E
So
now
you
have
it
in
your
same
wallet
on
x-die
and
when
you
want
to
go
back
across
the
bridge,
you
basically
do
a
a
bridge,
tr
interaction
on
x-die
and
it
burns
the
x
die
and
releases
the
locked
up
die
on
mainnet
into
your
wallet.
E
So
you
basically
lock
and
mint
to
go
across
from
mainnet
to
xdi
and
you
burn
and
release
to
go
back
to
mainnet
right,
and
so
that's
how,
like
the
bridges
work
in
general,
there
is
an
omni
bridge
and
there
is
also
a
dow
stack
controlled
gen
bridge,
so
anyone
can
make
their
own
bridges
and,
in
those
cases,
it's
very
important
to
understand
who
controls
the
bridges
right
in
in
dallas
tax
case.
I
believe
dow
stack
controls
their
x-gen
bridge.
E
E
So
these
erc
20,
like
tokens
on
x
xdi,
are
basically
representations
of
the
actual
real
erc20
token
that
are
locked
up
in
a
con,
a
bridge
contract
on
mainnet.
So
that's
how
bridges
work,
and
so,
when
you
use
there's
already
something
like
honey
swap,
which
is
like
a
uniswap
clone
on
xdi
mesa
will
be
the
same,
but
the
tokens
that
you'll
be
using
in
those
platforms
will
be
either
erc.
Well
representations
of
erc20
tokens
that
are
on
xdi
or
you
can
also
have
natively
created
erc20
tokens
on
xdi.
E
So
there
will
be
there's
a
from
a
user
perspective.
You
want
to
be
clear
about
the
token
that
you're
trading
and
that's
where
a
like
a
dx
swap
or
a
mesa
token
curation
list
matters
even
more
for
a
user
experience.
They
want
to
know
if
they're,
if
they're
trading
you
know
weak
w
e
w
eth
on
x
die
that
they
know
they're
trading,
the
right
representation
of
w
ease.
D
So
there
is
a
universal
bridge,
it's
just
that
that's
governed
by
the
poa
team,
basically
the
exit
team,
so
yeah
like,
I
think,
that's
the
only
way.
D
I
think
what
you
mentioned
earlier
in
gamara
is
like
to
somehow
bridge
the
liquidity
between
mainet
and
and
xdi,
but
you
know
the
way
this
would
work
is
that
I
would
transfer,
let's
say,
dx,
dao
and
and
and
ethan
like
w
eth
and
pull
them
together
like
the
x,
dx,
dow
and
x,
w,
if
inside
the
x,
die
mesa
or
the
x
didx
swap
and
that's
kind
of
how
it
would
work.
D
That's
why
I'm
I'm
not
like
super
bullish
about
like
these,
like
I
I
don't
know
if,
like
a
lot
of
liquidity,
will
actually
move
to
x.
I
compared
to
like
maine
so
yeah.
E
I
believe-
and
so
that's
because
well,
honey
token
is
a
is
a
natively
extra
is
a
native
xdi
token
and
then
xdi
is
the
native
is
basically
the
either
or
the
native
currency
of
x
guy.
So
it
makes
sense
that
that
you
know
you
could
think
of
honey
as
uni,
but
for
honey
swap.
E
So
they
make
sense
that
that's
the
most
liquid
pair
at
this
point,
but
you're
you're
right
that,
like
or
so
the
the
amount
of
value
that
is
moving
over
across
bridges
to
x
die
is
growing.
But
it's
not
like
it.
E
I'd
be
surprised
if
you
get
tens-
and
you
know
multiple
tens
of
millions
anytime
soon,
and
so
the
cool
thing
is
that
it's
when
you're
using
these
exchanges
on
on
xdi,
like
you,
can
do
trades
for,
like
you
could
do
it,
you
can
do
a
mesa
trade
for
one
dollar
equivalent
and,
like
the
transaction
fees,
are
so
small
that
maybe
it's
that
fits
your
need.
So
everything
is
much
smaller
value
amounts
for
sure.
C
Right
so
I,
but
I
I
guess,
like
the
point
of
putting
mason
on
next,
I
was
for
like
fewer,
like
lower
fees
for
traders.
So
I
guess,
like
the
goal,
is
to
get
liquidity
onto.
B
D
I
I
wouldn't
say
that,
oh
yes,
sorry,
john.
B
Yeah
I
mean
that
that's
just
how
I
understand
it
is
like
the
the
premise
for
now
at
least
on
mesa,
and
this
protocol
is,
is
a
good
place
to
test
it
out.
I
think
with
omen.
The
idea
is
a
little
more
that
there
are
markets
that
are
too
small,
or
you
know
the
the
individual
buys
are
like
prohibitively
expensive
on
mainnet
and,
like
x-tie,
opens
up
the
possibility
for
those
markets.
D
Yeah
so
like
I'm
personally,
like
I'm
kind
of
bullish
on
omen
on
on
x,
die,
and
I
don't
know
if
only
for
small
markets,
if
the,
if
the,
if
the
user
experience
is
so
much
better,
you
know
it's
faster,
it's
cheaper
than
I
believe
this
is
like
a
big
competitive
advantage
over
over
augur
and
the
other
prediction
markets
like.
If
you
could
predict
cheaply
or
next
day,
then
this
is
yeah.
C
Right,
so
I
guess
I'm
just
thinking
out
loud
here
so
x
die
is
really
useful
if
you're,
if
you're,
try,
if
like
you're
building
prediction
markets,
the
only
like
there
are
no
cheap
like
ways
there
are
no
gas
efficient
ways
to
do
prediction
markets
on
ethereum.
So
it's
like
the
only
way
to
do
it
is
like
through
layer,
two.
D
Yeah
right,
I
guess
the
hurdle
that
we
have
right
now.
I
don't
know
if
they're
yeah
geronimo
is
on
here,
but
I
think
that
we
have
right
now
is
with
the
dispute
resolution
right,
we're
using
reality
real
tio
and
claros,
and
they
don't
exist
on
x-I.
G
Yeah,
you
don't
like
that's,
actually
a
very
cool
thing,
which
is
happening
right
now.
We
don't
want
to
use
xdi
as
the
base
layer
for
the
resolution
process,
but
rather
have
the
claros
magnet
and
the
reddit
I
own
it
doing
the
doing
the
whole
process,
and
that's
that's
like
way
more
decentralized.
G
It
doesn't
need
to,
and
that's
like
where
the
dx
dog
could
be
like
the
cheap,
the
cheap
arbitrator
and
the
cheap
oracle
like
we
may
even
think
about
getting
not
really
getting
rid
of,
but
include
an
option
in
omen
that
you
just
picked
dx
down
as
like
the
god
of
truth
for
outcomes
without
really..
Without
anything
and
that's
like
and
and
you
yeah,
we
can
be
much
faster
and
it
it
could
help
us
like
get
more
members
in
and
just
be
more
next
time.
E
You
basically
can't
do
it
on
mesa
on
on
main
net,
so
whether
it's
an
initial
offering
or
whether
it's
any
trade
under
two
thousand
dollars-
and
you
want
to
leave
a
limit
order
like
as
long
as
there's
some
liquidity,
it
doesn't
even
have
to
be
big
liquidity.
There
just
has
to
be
some
liquidity
on
mesa
on
x-guy.
D
G
All
right,
cool,
right
and
yeah
like
I,
I
think
the
there
is
no
need
to
install
any
any
new
clone
or
from
the
dx
star
to
extend
like.
I
personally
think
it
is
already
confusing
that
we
have
two
bases
now.
G
Most
of
the
members
don't
look
into
extra
right
now
because
there's
nothing
happening,
but
I
think-
and
I
hope
over
time
we
we
will
make
sure
that
there
will
be
activity
and
people
need
to
like
join
the
x
x-style
base
because
they
need
they
will
basically
need,
like
we
kind
of
need
to
force
them
to
use
x-type.
We
need
to
have
like
important
proposals
on
exile
right
now.
G
B
I
think
I
agree
with
sky
that
there's
probably
not
going
to
be
a
large
influx
of
money
into
exit
anytime
soon
like
if
you
look
at
d5
pulse,
it's
about
like
five
and
a
half
million
dollars
for
x
die
itself
like
they
want
to
die,
that's
like
on.
Presumably
it
might
not
actually
all
be
on
next
time.
I'm
not
sure
how
that
works.
I
guess
it's
all
on
extent,
in
other
words,
they'll
just
be
died
and
so
like
about
a
month
ago
it
was
only
half
a
million
right.
B
So
that's
a
pretty
like
there's
been
a
couple
of
notch
notches
up,
so
I
mean
you
can
imagine
that
continuing
gnosis
is
obviously
pretty
committed
to
x-tie
and
I
think
skye
mentioned
honey
swap
so
they
have
a
native
x
die
token
h
y
right.
So,
but
if
you
look
at
the
market
cap
of
h,
o
y
is
actually
25
million,
and
I
think
I
mean
I
don't
know
how
like
solid
of
a
market
cap.
That
is
maybe
it's
not.
Maybe
it's,
because
there's
not
a
lot
going
on.
B
Maybe
who
knows
what
the
actual
kind
of
liquidity
is?
There
is
a
lot
of
token
holders,
but
they
have
a
faucet
and
stuff
one
hive
is
behind
it.
It's
pretty
cool
community,
but
I
guess
where
I'm
going
with
this
is,
I
feel
like,
even
though
it's
not
really
intended
for
a
lot
of
money
right
now.
You
never
know
right
like
if
things
take
off
valuations
can
explode
overnight
in
crypto,
so
it's
it
doesn't
hurt
to
like
be
positioned
with
our
products
and
stuff.
There.
G
Yeah-
and
it's
also
like
yeah
sure
it's
riskless
to
wait
until
the
wave
happened
and
everything
moved,
but
it
is
not
costly
for
us
to
just
do
this
small
bet
and
be
prepared
for
the
actual
actual
wave
right,
which
means
funds
are
moving
to
ecstatic,
and
I
think
now
it's
like
calm,
but
I'm
sure
there
will
be
some
kind
of
wave.
It
doesn't
need
to
be
big,
especially
not
for
omen
and
also
like.
We
can
make
sure
that
stuff
is
kind
of
moving
like
with,
like.
G
I
would
love
to
see
on
omen
x,
diversion
the
dx
swap
integration
first,
because
there
we
can
like
put
some
some
money
into.
Can
you
guys
hear
me
yeah
yeah
yeah?
So
we
can,
it
doesn't
need
to
be
even
much
money.
It's
like
2
500
die
with
usdc
pairs
and
that's
it
like
small
small
pools.
B
Functionality-
I'm
not
sure
everybody
understands
when
you're
referring
to
treadmill
on
the
on
omen.
We
could
potentially
use
dx
swap
to
allow
users
to
trade,
the
collateral
currency
so
that
it's
an
easier
experience
like
if
you
come
to
omen
and
there's
a
diet
denominator
market,
but
you
only
have
usdc
right.
I
think
that's
what
you're
talking
about
right.
G
B
Yeah
I
mean
even
if
xdi
doesn't
become
a
big
thing,
even
if
it's
not
like
you
know
we're
getting
ahead
of
the
curve
there.
It's
still
pretty
useful
for,
like
you
just
said,
testing
for
our
mainnet
deployments,
and
I
think
it's
also
just
a
useful
exercise
to
deploy
on
another
chain
as
preparation
for
the
eventual
like
layer.
Two
moves
like
moving.
B
Fire
drill
on
redeploy
to
another
chain
like
once
we
get
into
this.
I
think
it's
almost
sort
of
the
same
playbook
for
like
an
optimistic
roll-up
situation.
G
Exactly
like,
and
our
goal
should
be
to
make
our
apps
designed
in
a
way
that
the
bridge
functionality
and,
in
general,
the
way
people
move
from
one
chain
to
another.
It
should
be
just
so
generic
that
we
just
like
replace
the
the
underlying
system,
the
underlying
layer
too,
with
just
something
else
which
will
be
adopted.
So
we
need
to
make
sure
that
omen
is
kind
of
ready
for
bridging,
but
what
kind
of
bridge
it
will
be.
That's
up
to
the
market
to.
B
E
There's
no
doubt
doing
it
right
now,
there's
some
people
that
have
talked
about
it
and
there
are
people
exploring
it,
but
it
is
possible
and
if
we,
if
we
were
serious
about
it,
we
can
start
asking
the
technical
questions
to
their
team
to
to
know
exactly
what
we
would
need
in
place
in
order
to
do
it
or
because
other
people
are
also
looking
at
it.
E
We
could
wait
and
see
depends
on
our
prior
like
how
fast
we
want
to
do
it
like
some
other
people
may
accomplish
that
sooner
than
later,
and
then
we
can
borrow
what
they
did.
So
we
have
two
different
approaches.
We
could
take
it
depending
on
like
how,
for
us,
do
you
know
of
other.
E
I
I
imagine
prime
down
might
be
but
also
like
when,
when
those
articles
came
out
about
x,
die
like
spank
chain
and
amine,
and
that
crowd
also
has
talked
about
the
idea
and
wants
wants
it
to
exist,
because
no
one
really
likes
the
fact
that
these
bridges
are
controlled
by
such
a
small
set
of
validators.
B
E
E
Yeah,
so
that's
the
simplest
way
to
do.
It
is
like
you
do
the
bridge
just
like
dow
stack
or
you
could
make
it
more.
You
can
make
it
multiple
to
multi-token
as
well
and
just
have
you
can
have
a
multi-sig
controller
bridge.
D
Yeah,
I
I
actually
looked
at
this
earlier
today
and
it's
not
like
as
many
nodes
as
possible.
It's
90
nodes
and
there's
like
sort
of
like
an
auction,
every
epoch,
which
is
a
defined
amount
of
time,
which
I
don't
know
what
it
is
but
yeah
they
basically
select
19
validators
and
these
guys
earn
basically
all
the
fees
they
validate,
all
the
blocks,
etc
and
yeah.
You
need
a
bunch
of
stake
for
that.
E
But
but
but
there
are-
and
I
think
daniel's
on
here
too,
like
there
are
scenarios
where,
in
the
future,
dx
dao
is
going
to
need
to
do
stuff,
that
the
dao
can't
technically
do,
whether
it's
an
investment
or
running
a
node
or
something
else
or
I
don't
know,
owning
a
real
web
like
a
non
web,
some
kind
of
website
or
whatever
it
is
or
and
in
those
cases
the
dx
dao
may
have
to
hire
people
to
do
it.
That's
like
the
work
around.
B
I
mean
dxo
already
hires
people
to
do
things
right.
So
that's
not
like
anything
new.
I
think
you
just
have
to
wonder
it's
just
the
use
case
dependent
in
what
the
trust
model
is
and
that's
where
I
think
you
know.
If
you
have
to
trust
like
you
know
me
or
sky,
to
run
the
validator,
then
it's
not
really
dx
not
running
the
validator
right,
like.
E
Yeah,
so
the
difference
is
when
dx
now
hires
people
today,
like
it
hires
someone
they
do
development
work,
they
give
it
to
the
dow
it's
deployed
they
get
paid
or
bounty
or
content
whatever.
It
is,
there's
no
like
ongoing
trust
needed,
but
when,
if
you're
running
a
a
validator
node,
if
you
hire
that
person
and
they
and
they
mess
up,
you
have
to
be
able
to
hire
someone
else
to
replace
them.
E
B
B
G
Yeah
I
mean
if
the
dx
star
is
not
taking
risks,
then
everything
is
possible,
like
I
can
imagine
that
some
dude
is
running
like
a
note
in
each
2.0
note,
with
paying
like
on
his
own.
E
E
B
Sure
yeah
I
mean
I
think
it's
like
an
enterprising
operation
like
it's
a
money
making
operation
that
potentially
makes
sense
as
long
as
people
like
understand
that
you're
trusting
the
individual,
the
third
party
or
whatever
it
is,
but
if
the
concept
is
like,
I
would
love
dows
to
run
their
own
nodes
things.
That's
not
really
what's
happening
right,
like
they're,
just
hiring
proxies
to
do
it
for
them.
C
F
I
just
wanted
to
say
I
do
think
getting
to
the
omen
and
mesa.
I
do
think
we
should
and
ex-die
just
think
about,
like
the
actual
like
what
could
we
do
to
increase
or
draw
in
liquidity?
Not
just
like
rely
on
liquidity
building
up,
and
I
think,
like
mesa
ideos
of
some
sorts
and
then
omen
kind
of
maybe
re-looking
at
like
markets
of
like
good
markets
to
kind
of
push
and
drive
that
liquidity
to
exit
ourselves.