{"id":"-2wRBaqp2p4","title":"NEAR Protocol Town Hall - December 2025","description":"NEAR is the Blockchain for AI\nWebsite: https://near.org/\nNEAR AI: https://near.ai/\nIntents: https://near.org/intents\nChain Abstraction: https://www.proximity.dev/\nSharding: https://nearone.org/\n\nFor the devs\nGitHub: https://github.com/near \nDev Docs: https://docs.near.org/\nDevhub: https://devhub.near.page/ @NEARDevHub\n\nConnect with socials\nTwitter:   / nearprotocol  \nBlog: https://near.org/blog/\nMedium:   / nearprotocol  \n#NEAR #nearprotocol #NEARAI","channel_name":"NEAR Protocol","published_at":"2025-12-04T00:00:00.000Z","thumbnail_url":"https://img.youtube.com/vi/-2wRBaqp2p4/hqdefault.jpg","transcript_text":"And we have a new release coming uh to 10. It just came out a few days ago uh for the mainet uh kind of validator adoption and I think should be voted in and go live by December 9th if I'm not mistaken. There's a lot of quality of life improvements, a lot of optimizations especially around gas. Uh so near is getting faster and cheaper and importantly there's a deterministic contract ids and for those who are not engineers what this means is you can start building effectively sharded smart contracts uh you can build a lot of different new use cases where uh effectively you can send money to a contract that doesn't exist yet uh but its ID defines um what parameters and which contract hash cash uh it will be initialized with and so this allows to really build things like escrow where you send money uh to effectively account ID that doesn't exist yet and then it gets initialized when uh already the escrow needs to be released so a lot of cool stuff coming there's um specifically escrow on intent side been designed around this uh but there I'm sure there are going to be a ton of other use cases um for this. All right, next slide. Obviously, I'm sure everyone is keeping track of intense. It's been growing really well in November. In 30 days, it's at 3.6 billion uh in uh cumulative in volume. This is effectively more than double of the total volume or almost yeah more than double. So, effectively we doubled again in November. Um and uh you know it uh is acrewing fees which are getting distributed to front ends as well as some go to protocol and uh yeah I mean continue adding new uh distribution channels and assets. If we go to the next slide, uh we had this is like not even everything that happened but just from like past couple of weeks obviously Monad day one support SPX uh believe in something we had BitGet wallets through swap kit cow swap integration coin 98 rub one key so lots of wallets lots of distribution uh new assets integrated um and you know continuously working on improving the protoc call as well as new features coming down the pipe. I think kind of just as like as a reflection here intents have transitioned us from hey you know near ecosystem is isolated there's no liquidity there's no defi users or like few D5 users to really we're now at the center of liquidity and users every single wallet major wallet now has near intense integration every asset let's get listed is accessible by all of those users. Uh all the liquidity right is effectively flows through near and so we kind of really switched around from this isolated DeFi ecosystem to be really at the at the center and the hub and then not stopping here. There's a ton more uh really exciting work uh happening here. I also want to highlight hot that continues kind of building more new use cases around intense as well. Um they have quite a few things coming and so they're going to be talking later as well. So really exciting. There's a lot more things to do. Uh I think the next kind of wave unlocking you know real world assets unlocking uh kind of long longtail assets um lending through escrow etc is going to continue positioning near ecosystem at the heart of uh kind of this financial flows. Next slide. Now, uh, as mentioned, we had a near AI launch. Really excited. That's been long-term coming. I've been talking about it for a while. Uh, the mission is you kind of if intent is the economic backbone. Near AI is the front end is how you're going to interact with computing. And this is the first step toward that where you actually have fully private verifiable AI making sure that there's nobody in the middle. there's no ads, there's no, you know, third party that is trying to influence you. Um, and it's really exciting to have already first users like Brave, Openmind, Fala who are using neari cloud uh and providing this to their users. Brave uh partnership is obviously extremely excited something you know uh Brendan came to uh Neocon before and we've been uh kind of talking a lot about where where the space is going and so really kind of uh align on the mission of how do we bring privacy to the internet? How do we ensure everybody owns their uh data and uh really excited kind of brave integrating near AI into them. Next slide. Now we had this two parts um intense the economic engine the unified liquidity the global market and AI the front end. And so this is first use case where this thing's actually coming together. This is just to showcase the power of both of these technologies. And so uh the full release is tomorrow. So I'm not going to talk too much but it's a travel agent um that's able to use intense to really book uh travel and AI truly understand the requirements find the best uh product itinerary and uh use intense to execute it. So remember AI is a brain intense is a muscle together you get this uh new new economy that we're building. So uh stay tuned for tomorrow's announcement and kind of they're going to be uh more and more of this use cases really bridging these two things together and surfacing how you can use uh AI and intense together. Next slide. I think that's all in my side. Uh hope uh everyone had an amazing November and uh there's still ton ton of exciting things going to happen in December. See you next months. Thanks so much for coming, Ilia. Keep up the good work. See you around. All right, next up we have Ole from Sweat in the house. Ole, how's everything going? Your microphone is muted. Or maybe I can I unmute you? No, I can't. Yeah. Hello. Hello. Hello. Hello. Yeah, we hear you now. Yeah. It's been busy. We've been building building and been awfully quiet. So, I'm very happy to come back to town hall and uh present you fruit of our work. Thank you so much. I know it's been a big month for sweat as well. So, been excited to have you on this month. Would you like to share a screen or did you prepare some slides? Yeah. Yeah. Um, yeah, I've already set up uh Yeah, I'm just sharing my screen. So, if you can just bring that up. Boom. Ole, the stage is all yours. Brilliant. Thank you very much for having me and uh as I mentioned uh we've been quite quiet for a period of time because we've been busy building and you know kind of in order to give you full context the reason why we were quiet we realized that we didn't want to focus on narratives and promising far-fetched future or far-fetched profits but we need to focus on this right now and you know you're going to see you know kind major strides from our side. What product meaningful features driven by community input rather than what market is telling us is hot this month and the business model simplify and make sure that even a toddler can understand our tokconomics. Now, you know, I just want to refresh everyone's memory uh because we've been silent for a long time. Our mission is to make your movement worth trillions. Now what does it mean? We're focusing just on two things. The whole organization is focusing on scale and on profit and this is definitely going to yield some results. So what's the alpha that we spilled few days ago? First we've launched our full support for multi-chain and we've added uh four major networks in addition to NIA that we've been supporting for a couple of years. So how are we different and what is new? So we call it 111. It's one wallet for uh all chains. One key that allows you to manage all your accounts and any chain and major difference from most other providers is one token to pay for all fees. I'm not going to bore you with all of these details because I think that this is a more of a cryptonative audience. But one thing that I'll pay uh I'll ask you to pay your attention to is basically with this launch we allow you to pay your fees with your feed and this would not be possible without near chain signatures without near MPC network and without near intents and real air that is working very closely with this. So thanks to Near and Near Protocol uh for delivering all of these amazing pieces of tech that enabled us to go live with this. Also, we've done really deep integration of AI and launched support for 28 languages. So we completely revamped the way our app works and how it is translated into different languages and many more will come. Um, we also got our AI agent, Mia, to provide you full support. So, no more emails, 24-hour cycles. You know, you can solve most of the stuff on the spot. And if she can't do something, then she'll flag it to one of the members of the team and we'll ping you when the answer is given. And last but not least, Mia is now fully multi-chain aware and can do some magical stuff like sending uh you know a few bucks to Ilia for buying me some sushi and she will be able to construct the transaction and present you a screen that you can uh you know just confirm and pay your fees with your feed. Now you know quick summary 111 deep integration and added 28 languages. Now we didn't stop there and we talked about tokconomics which is not something that is frequently discussed uh I think in this forum. So as from today we have a new utility for sweat which is universal gas token. You don't need to think about chains. You don't need to know what gas tokens operating on any chain. If you have sweat, you can pay your fees with your feet. And we've been deflationary since 2023 July. But we didn't stop there. And through those revenues that we've generated over the period of our silence, we've accumulated about 601 million sweat that got burned, which resulted in our total token supply being 1 billion lower than the time of our launch. So a lot of people throw this criticism to us. Oh my god, you are allowing people to turn their steps into crypto. You know, your token has unlimited emissions and you know, this is definitely going to zero. No, if you structure your business well, you can actually be deflationary and reduce your token supply over time. This reduction is nearly 5% less than when we've gone live. And next step is at launch we've committed to spending 50% of our profit on token buybacks and burns. Now with some major changes uh we are now uh ADGM foundation. So you know kind of one of the toughest regulators to actually pass uh all the tests with. We've also ma compliant. We are very very close to break even and also a kind of financial regulator in the UAE is very friendly to buybacks. We now happy to announce that from now on we formally commit to spend 100% of our profits on token buybacks and burns. So recap, universal gas token for sweat, major burn that brings our total circulating supply less than 20 billion and we're committing to 100% of our profits to go into buybacks and burns. Now what's next? In January, we are going to be talking about our path to profitability and also going to be revealing what SM sweat max is. That's it. Thank you very much for having me, guys. Thank you so much for coming, Ole. And um great update. Keep up the good work. Happy to have you in the ecosystem. Yeah. See you soon hopefully from for another round of awesome updates. Absolutely. January, here we come. Sounds good. And um safe happy new year, Junior. No, no playing around with fireworks, right? only earning sweat or maybe running. Yeah. No, absolutely. Sweating all the time. Yeah. And advise everyone to do so. Yeah. I was all right. Have a good one, Ole. Thank you, Peter. Have a good one. Bye. All right. I'm just going to add my screen again to the stage here as we're ready for the next presenter, which is Kendall from Proximity. Hello, Kendall. Do you hear me? I do. I hear you as well. Um, do you want to share your screen? Yeah. Or just do that. I'll just remove mine. Cool. All right. I'm actually speaking on behalf of Yonder today rather than Proximity. Um, awesome. All right. So, this is going to be a bit of a teaser uh for later this month, so I won't have to stay tuned, but uh it's we're very excited about this. Um so, just to kind of set the stage here, uh everyone probably saw the uh Genius Act passed earlier this year, which is very exciting. It uh formally kind of regulates stable coins in the United States, which is uh already led to, I mean, frankly, an announcement what feels like every hour. Uh and it's actually accelerating. We expect to see basically hundreds of stable coins uh be announced and probably even live by the end of 2026. So this is just like continuing to come out and continually more and more legitimate organizations. I think the most recent one was CLA, which is like an actual bank in the uh in the EU. Um and we've heard that pretty much every major bank just about in the world, but especially in the US, uh is working on a stable coin of some sort. So expect to see a lot more of this. Now as great as this is um we have an increasing problem of fragmentation uh right now most of these are not easily inter interoperable or interchangeable. You cannot if you have USDC and you want USDT uh it's actually still kind of annoying and and a bit of a problem and it's only going to get worse especially as we start to have this like really really long tail of stable coins that people may want to use and to access. There are a lot of solutions that were originally designed for a small number of stable coins. Curve uh very famously being one of the earliest ones with our three pool between USDC, USDT and D. Um however that curve in particular and really all of the solutions that we that we now have are designed for this kind of world whether you have USDC and USDT and then maybe one or two other stable coins that people are excited about at any given time. Uh now that we have pretty much every major financial institution in the world who's issuing a stable coin, there's going to be at minimum dozens of stable coins that people want to get in and out of and none of the existing solutions can scale past really three or four. Um so this is a huge issue and it is one that we've been figuring out how to design for. Uh and so later this month we will be unveiling the light paper uh and the uh private alpha version of the stable coin transport protocol. Um, so what is this and why are we excited about it? Well, I'm going to focus today mainly on what it does and then you can all stay tuned for that light paper to read exactly how it's going to work. Uh, where we'll go through it in great detail with some diagrams you can you can understand. Uh, the reason we are building this is to enable large size swaps. So we're talking over 5 million $5 million notional uh, and generally between$1 and $10 million notional value between any genius compliant payment stable coin with very minimal and reliable fees. Uh I think what's most exciting about this is that it is going to scale to any number of stable coin. There's no real limitation to the amount of stable coins that this system can support while maintaining the same capital efficiency. Could be two stable coins, could be 200. Um we don't think it'll be 200, but uh but it can handle that. Uh and no other protocol that I'm aware of at least is able to uh to to support this. Um equally importantly, this is going to be very consistent. So the the aim is for one to one swaps with like a low fixed fee. Um and that fee should be very very reliable. Uh additionally with this one to one swap so that you're not you're not going to like think oh I have to swap between you know the Walmart stable coin and Amazon stable coin and I don't know what what type of pricing I'm going to get and I have to go check out these venues. No, you know you're going to know that you're going to get the same pricing every single time uh up to like a pretty large swap size. uh and and our goal is to be able to continually increase that swap size to be, you know, among the best or even the best in the entire market. Uh but I think most importantly, people are going to be able to have reliability when they use this protocol. And the reason that this is possible is because it is just highly capital efficient. Uh and that's because of a new liquidity primitive that the Yonder team has designed. Uh that again, this will be kind of the crux of that light paper that you'll be able to read. And so the result of this is that the the stablecoin transport protocol is going to be able to effectively serve near intense solvers and in turn near intense into the most reliable venue for these large stablecoin swaps. um like our the expectation here and the goal here is that uh for any group or organization or individual that regularly needs to move between different stable coins and we fully expect this to you know start out kind of and already is very much on the business side but uh you know I think even you know like individuals uh when every single financial product has a stable coin underpinning it then the need to move between these is going to be really important and so especially those those financial institutions are going to need to be able to do these swaps very regularly. And so near intense is going to be the best place to do it. So um yeah, this will be usable from most near intense front ends. Um it it actually it won't even need to be, you know, known about or touched by most users. They'll just be like, well, near intense is reliable and very good for these large stable coin swaps. Um and a lot of it'll be enabled by by STP. Uh if you want a dedicated stable coin focused UI, the dot dot team has shipped stableflow.ai AI uh that already just focuses on stable coins uh and they also have an SDK. So right now you can actually swap $1 million worth of USDT crosschain with the lowest fee uh that that we've been able to to to see. So go ahead and try that out and then USDC USDT will be coming very very soon. Uh and then you know further expansions you know especially once um STP goes live and is able to kind of support that additional liquidity on your intents. And so yeah, definitely keep your eyes peeled for the light paper really just in a couple weeks here uh once we go into much more detail about this liquidity primitive, how it works and why we're able to uh you know really scale up and like it solve early in the explosion of stable coins this fragmentation problem that's like already plaguing a lot of use cases and is is only going to get dramatically worse as uh as more and more stable coins come to market. So yeah, keep keep your eyes peeled and uh thanks everyone. You heard the man. Keep swapping those millions and soon you'll be able to stack those millions and swap even more millions at even lower rates. Incredible. Um, great job Yonder and Proximity team. I'm super excited to see this go live very, very soon. All [snorts] right, next up we have our very own Escobar OG presenting RIA today. You're muted, Escobar. Hi Peter. Hey Escobar, can you move a little bit closer to the the mic? It's a little low volume. Yep. Awesome. Yeah, this is this is great. I'm just going to bring your screen onto the stage and um please go ahead, sir. Thank you. Thank you Peter. Uh GM everyone as Kobar here uh presenting RIA Finance. Uh for those who may not be familiar with RIA Finance is uh we are the oldest tax and landing on top of near protocol uh and recently rebranded uh February 2025 as part of of our transition toward uh chain abracted liquidity solutions. Uh fast forward to this town hall. We have officially launched our new token merging the previous token on July 30 uh allowing us to redefine our value directions and long-term purpose for RIA. And today I'll walk you through our 2025 milestone and our road map uh toward 2026. Um so yeah uh first is a token buyback. Uh since launching our token we have bought back 20 uh 12.5 million RIA from the market. This aligns with um our protocol design and a long-term commitment to uh to sustain uh our token value uh where um it come from our DEX revenue and our lending protocol revenue um where 20 20% it's used for ongoing uh RIA token buyback that fund incentive while 80% is distributed back to LP provider as a reward on the D side while on the landing side 40% is consistently allocated to uh buyback RIA for months. month and 60% is retained to support RIA uh operations and growth. Uh this structure ensure continuous uh buy pressure uh uh while we also going to reward uh liquidity providers and also uh loyal uh community from time to time. Um and uh on the screen you'll see the key uh statistics for of October and November of what we have achieved as well uh including 11 million worth of ZCAST has been supplied through our uh uh lending protocol along with 9 million near stake for our near LSC token called on. And lastly uh on the right side of the screens you'll be able to see uh a couple's uh chain logos uh where it present our richain uh landing that we going to see on the next slide. Yeah. So a riotchain landing uh we have we have delivered that to the market over the past um uh five months as one of our main core product. Uh what you're seeing on the screen is how our crushing landing operate powered by near intent any chain where they hold a balance on their wallet. This will become our flagship product uh moving forward built on near intent and supported by near global contract uh which enable users um uh to have a unified liquidity uh across chain that uh yeah across the chain. So uh RIA is integrating this by creating a multi-chain account layer and uh for the users. So whenever they sign a transactions at the first place to bind their wallet on onto their multi-chain account um they um the the position of their liquidity will be unified. The this also include crosschain trading that we go live um uh that's already go live on our beta. Finance um supported by intan on the back end. Uh additionally two major product uh is uh already live on near that that has already live on near uh since uh July 30 as uh our liquid staking token and our vault that support near uh near redu uh inflation reductions where um right now on our vault itself we are uh giving out 6.2% 2% of APY uh based on the based on the looping strategy that we provided for the users. Um yeah, so moving to the next slide. Uh this is one of the most important pieces we have been building. Uh our Zikas 5 product will go live in seven days. Um the audit has been fully completed by today. Um we are just uh uh testing the product to make sure there's a uh polishing the user experience. Um so what is going to happen for the Zcash user or or the uh Zcash token holder with Zcash 5 user will be able to supply assets directly from their wallet uh from their native Zcash wallet or borrow Zcash token using their Zcash wallet directly uh after they have built a positions um let's say on EVM or on Salana um there all of the user position will be unified across every supported chain including Salana EVM and uh BTC and on top of that user will be able to trade directly from the Zikas native wallet through the RID app access to all the assets that uh sometimes maybe uh on the Jashi side it's not directly updated but on RIA uh we have um ensure that the the token that been listed on RIA crosschain uh trading will be aligned fully aligned with the update that intend implement Um and on the next things is the RIA near metadex aggregator. We have tried out this product uh on other chain uh to make sure we we can deliver the best metadex aggregator um in in near itself aggregating our uh all of our liquidity pool and also near intent as uh one of the source of liquidity. Um and we are um charging a very small fee for this to make sure there is a very good output uh on the uh user trading side while on the crosschain dex aggregator will be supported uh through near intent uh along with other solutions that we can find in the market at the moment to make sure um we are also offering the best uh quote when user trade. Um the last last uh last two things that might be very interesting and important uh for the uh community is uh privacy development. It's um something that we have been um we have been focusing on and also something something that we have uh tried to escalate uh to the team to make sure uh this can be delivered by uh early uh 10 to 25 along with a zikas compatible browser extension wallet while uh we are um trying to figure out what's the best way to make sure there is a zikas uh um extension wallet as well um and it can be uh useful for all those D apps in uh especially in new um that can be leveraged by them. Um yeah, I think that's all from uh the update from RIA. Um thank you so much for uh listening and um you can scan the QR code um if you want to get access to uh Ria's uh latest update. Yeah, thank you so much for coming. Keep shipping and have a thank you great day. All right, so you heard the man. Remember to scan the QR code, join the RIA economy. You will not regret it. Lastly on the call, we're going to end it up with some cipher digen energy. Uh we have some really cool announcements from the Templar Protocol team. Just gonna add Royal Fool to the stage. Are you there, my friend? Yep, I'm here. Can you hear me? Yeah, hear you loud and clear. Um, you shared a video earlier. You can you can share your screen. I can also play it. Just let me know uh when you want it to roll. Could you please uh play the video first and then I'll share my screen. Does that work? Yeah, it does. Just a second. Uh just one second. I just need to stop this. I'll put it on here. And let's see if this works. Video file. Boom. Here we go. Okay. Yep. You can uh mute the mute mute the video audio. Um and I'll just talk through what's going on here. So you can go to uh zc.templify.org. Uh this is showing the latest UI that will also be rolling out to app.templify.org or which supports all the different um assets as collateral uh near assets, Bitcoin, uh Ethereum assets uh with more coming soon. Um just a one-page uh UI where you select the amount of collateral you want to use, deposit um and uh it's just there's no extra Zcash connection or wallet required. you can just send it as like a normal transaction sending it to the deposit address just like you would to an exchange or another user. Um same typical flow as Bitcoin as well. Uh you can connect with uh a near wallet, Salana wallet uh or a pass key. Um so uh there's multiple different options for that. You can borrow uh you can supply um [clears throat] and uh when you supply that uh can be in Salana stable coins as is demonstrated here and near stable coins on some markets uh as well as uh Ethereum uh USDC on other markets as well. Um so yeah, borrow supply flows all supported there. Um, and we've also uh recently added support for uh an overview with the uh with the markets uh as well, which we should see uh coming up soon. Yep. So, here's the account overview page. Um and then on the markets, just on Zcash, there's only one market, but if you go to apt.templifi.org, you can select from multiple different markets. see kind of like the overview um of the rates uh how much liquidity is available and so forth um and I'll do a bit of a demo on the screen share as well here so you can kind of see that. Let me share my screen here. All right, this one here. All right. Um, so here you can see kind of like our different markets that are live right now. Uh, we have Stellar markets, we have Bitcoin, wrap, Bitcoin, uh, Stir, um, Zcash. Uh, currently we're just using kind of the USDC markets, but we can support other stable coins as well in the future. Um and as you can see you can get details on how much is supplied, how much is borrowed, total liquidity um the current rates uh which vary based off of uh utilization curve and then the current uh account status, how much you have in different uh in different assets there. Um there's the old borrow and supply screens here, but that will be that will be updated soon. Um, and I guess I can go over a bit of a bit of a road map as well after the Zcash uh launch. Um, so we're going to be adding support for uh Ripple, Cardano, Doge, Litecoin. Um, basically most of the assets that uh you can't really borrow against on um on a Morpho or any of those uh other larger lending providers. Um uh and you know looking to add support for more more chains as well. Um and yeah um that's that's what we're aiming for. Uh so yeah, thank you so much for coming. Uh awesome to see all of this all of this happening and then keep up the cipher lending vibe. So basically cipher lending means no KYC or what's sort of like behind it? Yeah. So cipher lending uh means that there are no trusted third parties. Uh it means that uh we preserve the user's privacy as much as possible as part of the push for Zcash. That um means that we're not collecting any personally identifiable information. Uh and it also is implicitly chain abstracted. Um, so we're really counting on uh nearest tech continuing to grow uh and proliferate across different chains and stable coins as Kendall mentioned to like there are all these different kind of corpo stable coins coming out even corpo chains um like Stripes Tempo um so you know that's going to fragment the liquidity across all these different chains. So users will, you know, they they don't they don't actually necessarily want to have to deal with, oh, this stable coins on u this L2 and I want it to be on this L1 so I can buy this asset. Um they just want to be able to uh use the assets that they care about and not really care about the chain. So uh the chain abstracted piece is definitely a big part of cipher lending as well. um and just the general kind of cippher punk principles that uh crypto um was founded upon. Um so yeah, like I mentioned the no trusted third parties is a big part of that. Uh but uh I think that becomes even more important going forward as there are uh there more kind of corporations and people that don't necessarily share those principles coming into the space. uh ensuring that everything is permissionless and if you want to use those kind of corpo options you can um but also having the option to um use uncensorable assets and preserve your privacy as well is what we're shooting for. Awesome. Yeah, I really I really love the product this and the things you're building worldful and your ethos like we need more of this in the world. So, keep on doing your thing and uh thank you so much for coming. Already excited to hear more about um what's going to come from your end um in the coming town halls. So, have a great one and thank you so much for coming, man. Cool. Thank you, Peter. All right, Templar was the last project to present today. Before we wrap it all up, I would like to ask everyone on this call, if you're not already part of the NIA Legion, make sure to join it. This is where all the ecosystem alpha is dropped. This is where your voice becomes important. This is where you can actually help shape the ecosystem that we're all part of. So head over to the near legion, join it, join the telegram and take part in the daily activities and of course uh partake in all of the many missions they have. They also just recently launched a pretty cool NFT collection. So obviously also advocate for heading over there and taking a look at it. Of course, none of that is financial advice. you should buy it because you think the artwork is sick, which it is. Last up, I would like to repeat what Ilia presented earlier on because I think this really deserves some attention which is a lot of the significant partnerships that the near intense team have been um establishing and kicking off in November. What you see on this page is only from the month of November and these are only the stuff that could fit on a slide. As you see there actually many more. Um the near intense team doesn't sleep and from here I just want to give a huge shout out to everyone contributing on the near intense framework. Um they're doing fantastic work. I think especially the Ledger wallet integration is a massive win. Um so keep up the good work everyone and also of course want to highlight some of the metrics behind the new intense protocol. So, of course, the $7 billion mark of in regards to all-time volume was uh broken or reached yesterday, I believe. And it seems like this number only continues to go up uh as you see on the graph on the cumulative uh volume. That's the orange line you watch here. This is some pretty insane growth and um believe that it's only going to continue. You heard what um Kendall is working on and um I I believe that there are many more integrations to come. This is like still super early knowing that the product or the protocol was is only like a year old, a little bit more than a year old. Um, so definitely keep an eye on near intents and everything that that's going to do for web 3. Basically unifying liquidity and giving users the best option, not caring about what chain they're on whatsoever. Like nearense makes web 3 or crypto so much easier to navigate and gives you accessibility, gives you grants you access to more or less any asset. So we're starting to see the early days of a superior user experience which is onchain versus that this has actually of course been residing on the on the sex side for for many years but now the technology is here and as you can see people are using it and they love it and I encourage anyone if you haven't tried it before of course not financial advice but you need to try out swapping one as uh across chains like one asset from another across chains. It's like pure magic to be honest. Um so again, huge shout out to everyone working with Near Intents. And that brings us to the end of this town hall. Dear friends, I hope that this call, this town hall call gives you an idea of what's cooking within the new ecosystem. Near is really shipping infrastructure and working at the um cutting edge of AI and blockchain. We're shipping infrastructure for agents. Watch out tomorrow for the Trevai uh product to go live. We're shipping infrastructure for the next era of the internet and we won't stop until near is the backbone of the coming autonomous economy. The community is grinding and it's building and it's showing the world what's possible with blockchain technology. So again, shout out to every developer, founder, and community contributor pushing the near protocol vision forward. you will be rewarded. As always, everything that has been presented on this call is not financial advice. You should do your own research and you should most importantly use your own judgment. But if you're paying attention, you know where the signal is. Remember to subscribe to Near Week to stay in the loop. And if you're building something amazing, this stage is yours. do not hesitate to hit us up. We would love to feature your project or whatever you're building as long as it's near protocol centric of course. So see you next month everyone. Keep building and remember that the future of AI runs on near protocol. Thanks for watching. Truly open AI is near. Follow near protocol. Subscribe to Near Week.","transcript_synced_at":"2026-11-03T04:46:33.019Z","segments":[{"start_seconds":0,"text":"And we have a new release coming uh to 10. It just came out a few days ago uh","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=0s"},{"start_seconds":7,"text":"for the mainet uh kind of validator adoption and I think should be voted in","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=7s"},{"start_seconds":14,"text":"and go live by December 9th if I'm not mistaken. There's a lot of quality of life improvements, a lot of","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=14s"},{"start_seconds":20,"text":"optimizations especially around gas. Uh so near is getting faster and cheaper and importantly there's a deterministic","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=20s"},{"start_seconds":28,"text":"contract ids and for those who are not engineers what this means is you can start building effectively sharded smart","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=28s"},{"start_seconds":36,"text":"contracts uh you can build a lot of different new use cases where uh effectively you can","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=36s"},{"start_seconds":43,"text":"send money to a contract that doesn't exist yet uh but its ID defines um what parameters and which contract","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=43s"},{"start_seconds":53,"text":"hash cash uh it will be initialized with and so this allows to really build things like escrow where you send money","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=53s"},{"start_seconds":61,"text":"uh to effectively account ID that doesn't exist yet and then it gets initialized when uh already the escrow","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=61s"},{"start_seconds":69,"text":"needs to be released so a lot of cool stuff coming there's um specifically escrow on intent side been designed","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=69s"},{"start_seconds":77,"text":"around this uh but there I'm sure there are going to be a ton of other use cases um for this. All right, next slide.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=77s"},{"start_seconds":86,"text":"Obviously, I'm sure everyone is keeping track of intense. It's been growing really well in November.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=86s"},{"start_seconds":93,"text":"In 30 days, it's at 3.6 billion uh in uh cumulative in volume. This is","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=93s"},{"start_seconds":100,"text":"effectively more than double of the total volume or almost yeah more than double. So, effectively we doubled again in November.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=100s"},{"start_seconds":111,"text":"Um and uh you know it uh is acrewing fees which are getting distributed to front","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=111s"},{"start_seconds":118,"text":"ends as well as some go to protocol and uh yeah I mean continue adding new","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=118s"},{"start_seconds":126,"text":"uh distribution channels and assets. If we go to the next slide, uh we had this is like not even","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=126s"},{"start_seconds":135,"text":"everything that happened but just from like past couple of weeks obviously Monad day one support SPX","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=135s"},{"start_seconds":142,"text":"uh believe in something we had BitGet wallets through swap kit cow swap integration coin 98 rub one key so lots","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=142s"},{"start_seconds":150,"text":"of wallets lots of distribution uh new assets integrated um and you know continuously working on improving the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=150s"},{"start_seconds":158,"text":"protoc call as well as new features coming down the pipe. I think kind of just as like as a reflection here","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=158s"},{"start_seconds":167,"text":"intents have transitioned us from hey you know near ecosystem is isolated there's no liquidity there's no defi","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=167s"},{"start_seconds":176,"text":"users or like few D5 users to really we're now at the center of liquidity and","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=176s"},{"start_seconds":183,"text":"users every single wallet major wallet now has near intense integration every","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=183s"},{"start_seconds":190,"text":"asset let's get listed is accessible by all of those users. Uh all the liquidity","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=190s"},{"start_seconds":197,"text":"right is effectively flows through near and so we kind of really switched around from this isolated DeFi ecosystem to be","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=197s"},{"start_seconds":206,"text":"really at the at the center and the hub and then not stopping here. There's a ton more uh really exciting work uh","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=206s"},{"start_seconds":214,"text":"happening here. I also want to highlight hot that continues kind of building more new use cases around intense as well. Um","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=214s"},{"start_seconds":224,"text":"they have quite a few things coming and so they're going to be talking later as well. So really exciting. There's a lot","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=224s"},{"start_seconds":231,"text":"more things to do. Uh I think the next kind of wave unlocking you know real","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=231s"},{"start_seconds":238,"text":"world assets unlocking uh kind of long longtail assets um lending through escrow etc is going to","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=238s"},{"start_seconds":247,"text":"continue positioning near ecosystem at the heart of uh kind of this financial flows. Next slide.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=247s"},{"start_seconds":257,"text":"Now, uh, as mentioned, we had a near AI launch. Really excited. That's been long-term coming. I've been talking","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=257s"},{"start_seconds":265,"text":"about it for a while. Uh, the mission is you kind of if intent is the economic","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=265s"},{"start_seconds":273,"text":"backbone. Near AI is the front end is how you're going to interact with computing. And this is the first step toward that where you actually have","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=273s"},{"start_seconds":282,"text":"fully private verifiable AI making sure that there's nobody in the middle.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=282s"},{"start_seconds":287,"text":"there's no ads, there's no, you know, third party that is trying to influence you. Um, and it's really exciting to","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=287s"},{"start_seconds":293,"text":"have already first users like Brave, Openmind, Fala who are using neari cloud uh and providing this to their users.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=293s"},{"start_seconds":303,"text":"Brave uh partnership is obviously extremely excited something you know uh Brendan came to uh Neocon before and","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=303s"},{"start_seconds":311,"text":"we've been uh kind of talking a lot about where where the space is going and so really kind of uh align on the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=311s"},{"start_seconds":319,"text":"mission of how do we bring privacy to the internet? How do we ensure everybody owns their uh data and uh really excited","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=319s"},{"start_seconds":330,"text":"kind of brave integrating near AI into them. Next slide.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=330s"},{"start_seconds":339,"text":"Now we had this two parts um intense the economic engine the unified liquidity the global market and AI the front end.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=339s"},{"start_seconds":351,"text":"And so this is first use case where this thing's actually coming together. This is just to showcase the power of both of these technologies. And so uh the full","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=351s"},{"start_seconds":360,"text":"release is tomorrow. So I'm not going to talk too much but it's a travel agent um that's able to use intense to really","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=360s"},{"start_seconds":367,"text":"book uh travel and AI truly understand the requirements find the best uh","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=367s"},{"start_seconds":374,"text":"product itinerary and uh use intense to execute it. So remember AI is a brain intense is a muscle together you get","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=374s"},{"start_seconds":383,"text":"this uh new new economy that we're building. So uh stay tuned for tomorrow's announcement and kind of","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=383s"},{"start_seconds":391,"text":"they're going to be uh more and more of this use cases really bridging these two things together and surfacing how you can use uh AI and intense together.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=391s"},{"start_seconds":402,"text":"Next slide.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=402s"},{"start_seconds":404,"text":"I think that's all in my side. Uh hope uh everyone had an amazing November and uh there's still ton ton of exciting","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=404s"},{"start_seconds":413,"text":"things going to happen in December. See you next months.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=413s"},{"start_seconds":417,"text":"Thanks so much for coming, Ilia. Keep up the good work. See you around.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=417s"},{"start_seconds":423,"text":"All right, next up we have Ole from Sweat in the house. Ole, how's everything going?","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=423s"},{"start_seconds":432,"text":"Your microphone is muted. Or maybe I can I unmute you? No, I can't. Yeah. Hello. Hello.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=432s"},{"start_seconds":439,"text":"Hello. Hello. Yeah, we hear you now. Yeah.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=439s"},{"start_seconds":444,"text":"It's been busy. We've been building building and been awfully quiet. So, I'm very happy to come back to town hall and uh present you fruit of our work.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=444s"},{"start_seconds":456,"text":"Thank you so much. I know it's been a big month for sweat as well. So, been excited to have you on this month. Would you like to share a screen or did you prepare some slides?","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=456s"},{"start_seconds":465,"text":"Yeah. Yeah. Um, yeah, I've already set up uh Yeah, I'm just sharing my screen. So, if you can just bring that up.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=465s"},{"start_seconds":473,"text":"Boom. Ole, the stage is all yours.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=473s"},{"start_seconds":476,"text":"Brilliant. Thank you very much for having me and uh as I mentioned uh we've been quite quiet for a period of time","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=476s"},{"start_seconds":485,"text":"because we've been busy building and you know kind of in order to give you full context the reason why we were quiet we","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=485s"},{"start_seconds":493,"text":"realized that we didn't want to focus on narratives and promising far-fetched future or far-fetched profits but we","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=493s"},{"start_seconds":502,"text":"need to focus on this right now and you know you're going to see you know kind major strides from our side. What","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=502s"},{"start_seconds":509,"text":"product meaningful features driven by community input rather than what market is telling us is hot this month and the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=509s"},{"start_seconds":519,"text":"business model simplify and make sure that even a toddler can understand our tokconomics. Now, you know, I just want","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=519s"},{"start_seconds":527,"text":"to refresh everyone's memory uh because we've been silent for a long time. Our mission is to make your movement worth","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=527s"},{"start_seconds":534,"text":"trillions. Now what does it mean? We're focusing just on two things. The whole organization is focusing on scale and on","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=534s"},{"start_seconds":543,"text":"profit and this is definitely going to yield some results. So what's the alpha that we spilled few days ago? First","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=543s"},{"start_seconds":551,"text":"we've launched our full support for multi-chain and we've added uh four","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=551s"},{"start_seconds":558,"text":"major networks in addition to NIA that we've been supporting for a couple of years. So how are we different and what","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=558s"},{"start_seconds":566,"text":"is new? So we call it 111. It's one wallet for uh all chains. One key that","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=566s"},{"start_seconds":575,"text":"allows you to manage all your accounts and any chain and major difference from most other providers is one token to pay","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=575s"},{"start_seconds":584,"text":"for all fees. I'm not going to bore you with all of these details because I think that this is a more of a","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=584s"},{"start_seconds":592,"text":"cryptonative audience. But one thing that I'll pay uh I'll ask you to pay your attention to is basically with this","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=592s"},{"start_seconds":599,"text":"launch we allow you to pay your fees with your feed and this would not be possible without near chain signatures","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=599s"},{"start_seconds":608,"text":"without near MPC network and without near intents and real air that is","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=608s"},{"start_seconds":615,"text":"working very closely with this. So thanks to Near and Near Protocol uh for delivering all of these amazing pieces","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=615s"},{"start_seconds":624,"text":"of tech that enabled us to go live with this. Also, we've done really deep integration of AI and launched support","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=624s"},{"start_seconds":633,"text":"for 28 languages. So we completely revamped the way our app works and how it is translated into different","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=633s"},{"start_seconds":640,"text":"languages and many more will come. Um, we also got our AI agent, Mia, to","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=640s"},{"start_seconds":649,"text":"provide you full support. So, no more emails, 24-hour cycles. You know, you can solve most of the stuff on the spot.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=649s"},{"start_seconds":658,"text":"And if she can't do something, then she'll flag it to one of the members of the team and we'll ping you when the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=658s"},{"start_seconds":664,"text":"answer is given. And last but not least, Mia is now fully multi-chain aware and","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=664s"},{"start_seconds":671,"text":"can do some magical stuff like sending uh you know a few bucks to Ilia for","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=671s"},{"start_seconds":677,"text":"buying me some sushi and she will be able to construct the transaction and present you a screen that you can uh you","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=677s"},{"start_seconds":686,"text":"know just confirm and pay your fees with your feed. Now you know quick summary","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=686s"},{"start_seconds":692,"text":"111 deep integration and added 28 languages. Now we didn't stop there and","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=692s"},{"start_seconds":700,"text":"we talked about tokconomics which is not something that is frequently discussed uh I think in this forum. So as from","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=700s"},{"start_seconds":709,"text":"today we have a new utility for sweat which is universal gas token. You don't need to think about chains. You don't need to know what gas tokens operating","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=709s"},{"start_seconds":718,"text":"on any chain. If you have sweat, you can pay your fees with your feet. And we've","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=718s"},{"start_seconds":725,"text":"been deflationary since 2023 July. But we didn't stop there. And through those","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=725s"},{"start_seconds":732,"text":"revenues that we've generated over the period of our silence, we've accumulated about 601 million sweat that got burned,","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=732s"},{"start_seconds":741,"text":"which resulted in our total token supply being 1 billion lower than the time of","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=741s"},{"start_seconds":749,"text":"our launch. So a lot of people throw this criticism to us. Oh my god, you are","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=749s"},{"start_seconds":757,"text":"allowing people to turn their steps into crypto. You know, your token has unlimited emissions and you know, this","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=757s"},{"start_seconds":764,"text":"is definitely going to zero. No, if you structure your business well, you can actually be deflationary and reduce your","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=764s"},{"start_seconds":771,"text":"token supply over time. This reduction is nearly 5% less than when we've gone live.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=771s"},{"start_seconds":779,"text":"And next step is at launch we've committed to spending 50% of our profit","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=779s"},{"start_seconds":786,"text":"on token buybacks and burns. Now with some major changes","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=786s"},{"start_seconds":792,"text":"uh we are now uh ADGM foundation. So you know kind of one of the toughest regulators to actually pass uh all the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=792s"},{"start_seconds":801,"text":"tests with. We've also ma compliant. We are very very close to break even and","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=801s"},{"start_seconds":809,"text":"also a kind of financial regulator in the UAE is very friendly to buybacks. We now happy to announce that from now on","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=809s"},{"start_seconds":818,"text":"we formally commit to spend 100% of our profits on token buybacks and burns. So","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=818s"},{"start_seconds":827,"text":"recap, universal gas token for sweat, major burn that brings our total circulating supply less than 20 billion","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=827s"},{"start_seconds":836,"text":"and we're committing to 100% of our profits to go into buybacks and burns.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=836s"},{"start_seconds":843,"text":"Now what's next? In January, we are going to be talking about our path to profitability and also going to be revealing what SM sweat max is.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=843s"},{"start_seconds":856,"text":"That's it. Thank you very much for having me, guys.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=856s"},{"start_seconds":861,"text":"Thank you so much for coming, Ole. And um great update. Keep up the good work. Happy to have you in the ecosystem.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=861s"},{"start_seconds":868,"text":"Yeah. See you soon hopefully from for another round of awesome updates. Absolutely. January, here we come.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=868s"},{"start_seconds":877,"text":"Sounds good. And um safe happy new year, Junior. No, no playing around with fireworks, right? only earning sweat or maybe running.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=877s"},{"start_seconds":885,"text":"Yeah. No, absolutely. Sweating all the time. Yeah. And advise everyone to do so.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=885s"},{"start_seconds":892,"text":"Yeah. I was all right. Have a good one, Ole. Thank you, Peter. Have a good one. Bye.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=892s"},{"start_seconds":899,"text":"All right. I'm just going to add my screen again to the stage here as we're ready for the next presenter, which is Kendall from Proximity.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=899s"},{"start_seconds":910,"text":"Hello, Kendall. Do you hear me? I do.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=910s"},{"start_seconds":914,"text":"I hear you as well. Um, do you want to share your screen? Yeah. Or just do that.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=914s"},{"start_seconds":923,"text":"I'll just remove mine. Cool.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=923s"},{"start_seconds":928,"text":"All right. I'm actually speaking on behalf of Yonder today rather than Proximity. Um, awesome.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=928s"},{"start_seconds":934,"text":"All right. So, this is going to be a bit of a teaser uh for later this month, so I won't have to stay tuned, but uh it's we're very","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=934s"},{"start_seconds":942,"text":"excited about this. Um so, just to kind of set the stage here, uh everyone probably saw the uh Genius Act passed","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=942s"},{"start_seconds":950,"text":"earlier this year, which is very exciting. It uh formally kind of regulates stable coins in the United States, which is uh already led to, I","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=950s"},{"start_seconds":959,"text":"mean, frankly, an announcement what feels like every hour. Uh and it's actually accelerating. We expect to see basically hundreds of stable coins uh be","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=959s"},{"start_seconds":967,"text":"announced and probably even live by the end of 2026. So this is just like continuing to come out and continually more and more legitimate organizations.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=967s"},{"start_seconds":975,"text":"I think the most recent one was CLA, which is like an actual bank in the uh in the EU. Um and we've heard that","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=975s"},{"start_seconds":982,"text":"pretty much every major bank just about in the world, but especially in the US, uh is working on a stable coin of some sort. So expect to see a lot more of","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=982s"},{"start_seconds":990,"text":"this. Now as great as this is um we have an increasing problem of fragmentation","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=990s"},{"start_seconds":997,"text":"uh right now most of these are not easily inter interoperable or interchangeable. You cannot if you have","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=997s"},{"start_seconds":1004,"text":"USDC and you want USDT uh it's actually still kind of annoying and and a bit of a problem and it's only going to get worse especially as we start to have","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1004s"},{"start_seconds":1012,"text":"this like really really long tail of stable coins that people may want to use and to access. There are a lot of","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1012s"},{"start_seconds":1019,"text":"solutions that were originally designed for a small number of stable coins.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1019s"},{"start_seconds":1023,"text":"Curve uh very famously being one of the earliest ones with our three pool between USDC, USDT and D. Um however","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1023s"},{"start_seconds":1032,"text":"that curve in particular and really all of the solutions that we that we now have are designed for this kind of world whether you have USDC and USDT and then","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1032s"},{"start_seconds":1040,"text":"maybe one or two other stable coins that people are excited about at any given time. Uh now that we have pretty much every major financial institution in the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1040s"},{"start_seconds":1048,"text":"world who's issuing a stable coin, there's going to be at minimum dozens of stable coins that people want to get in and out of and none of the existing","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1048s"},{"start_seconds":1056,"text":"solutions can scale past really three or four. Um so this is a huge issue and it is one that we've been figuring out how","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1056s"},{"start_seconds":1064,"text":"to design for. Uh and so later this month we will be unveiling the light paper uh and the uh private alpha","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1064s"},{"start_seconds":1071,"text":"version of the stable coin transport protocol. Um, so what is this and why are we excited about it? Well, I'm going to focus today mainly on what it does","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1071s"},{"start_seconds":1079,"text":"and then you can all stay tuned for that light paper to read exactly how it's going to work. Uh, where we'll go through it in great detail with some diagrams you can you can understand. Uh,","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1079s"},{"start_seconds":1087,"text":"the reason we are building this is to enable large size swaps. So we're talking over 5 million $5 million notional uh, and generally between$1 and","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1087s"},{"start_seconds":1095,"text":"$10 million notional value between any genius compliant payment stable coin with very minimal and reliable fees. Uh I think what's most exciting about this","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1095s"},{"start_seconds":1104,"text":"is that it is going to scale to any number of stable coin. There's no real limitation to the amount of stable coins that this system can support while maintaining the same capital efficiency.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1104s"},{"start_seconds":1115,"text":"Could be two stable coins, could be 200.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1115s"},{"start_seconds":1118,"text":"Um we don't think it'll be 200, but uh but it can handle that. Uh and no other protocol that I'm aware of at least is","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1118s"},{"start_seconds":1125,"text":"able to uh to to support this. Um equally importantly, this is going to be very consistent. So the the aim is for","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1125s"},{"start_seconds":1133,"text":"one to one swaps with like a low fixed fee. Um and that fee should be very very reliable. Uh additionally with this one to one swap so that you're not you're","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1133s"},{"start_seconds":1141,"text":"not going to like think oh I have to swap between you know the Walmart stable coin and Amazon stable coin and I don't know what what type of pricing I'm going","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1141s"},{"start_seconds":1149,"text":"to get and I have to go check out these venues. No, you know you're going to know that you're going to get the same pricing every single time uh up to like a pretty large swap size. uh and and our","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1149s"},{"start_seconds":1158,"text":"goal is to be able to continually increase that swap size to be, you know, among the best or even the best in the entire market. Uh but I think most importantly, people are going to be able","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1158s"},{"start_seconds":1166,"text":"to have reliability when they use this protocol. And the reason that this is possible is because it is just highly capital efficient. Uh and that's because","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1166s"},{"start_seconds":1174,"text":"of a new liquidity primitive that the Yonder team has designed. Uh that again, this will be kind of the crux of that light paper that you'll be able to read.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1174s"},{"start_seconds":1182,"text":"And so the result of this is that the the stablecoin transport protocol is going to be able to effectively serve near intense solvers and in turn near","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1182s"},{"start_seconds":1191,"text":"intense into the most reliable venue for these large stablecoin swaps. um like our the expectation here and the goal","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1191s"},{"start_seconds":1198,"text":"here is that uh for any group or organization or individual that regularly needs to move between different stable coins and we fully","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1198s"},{"start_seconds":1206,"text":"expect this to you know start out kind of and already is very much on the business side but uh you know I think even you know like individuals uh when","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1206s"},{"start_seconds":1214,"text":"every single financial product has a stable coin underpinning it then the need to move between these is going to be really important and so especially those those financial institutions are","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1214s"},{"start_seconds":1222,"text":"going to need to be able to do these swaps very regularly.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1222s"},{"start_seconds":1225,"text":"And so near intense is going to be the best place to do it. So um yeah, this will be usable from most near intense front ends. Um it it actually it won't","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1225s"},{"start_seconds":1234,"text":"even need to be, you know, known about or touched by most users. They'll just be like, well, near intense is reliable and very good for these large stable coin swaps. Um and a lot of it'll be","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1234s"},{"start_seconds":1243,"text":"enabled by by STP. Uh if you want a dedicated stable coin focused UI, the dot dot team has shipped stableflow.ai","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1243s"},{"start_seconds":1250,"text":"AI uh that already just focuses on stable coins uh and they also have an SDK. So right now you can actually swap","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1250s"},{"start_seconds":1257,"text":"$1 million worth of USDT crosschain with the lowest fee uh that that we've been able to to to see. So go ahead and try","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1257s"},{"start_seconds":1265,"text":"that out and then USDC USDT will be coming very very soon. Uh and then you know further expansions you know especially once um STP goes live and is","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1265s"},{"start_seconds":1273,"text":"able to kind of support that additional liquidity on your intents. And so yeah, definitely keep your eyes peeled for the light paper really just in a couple","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1273s"},{"start_seconds":1281,"text":"weeks here uh once we go into much more detail about this liquidity primitive, how it works and why we're able to uh you know really scale up and like it","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1281s"},{"start_seconds":1289,"text":"solve early in the explosion of stable coins this fragmentation problem that's like already plaguing a lot of use cases and is is only going to get dramatically","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1289s"},{"start_seconds":1297,"text":"worse as uh as more and more stable coins come to market.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1297s"},{"start_seconds":1302,"text":"So yeah, keep keep your eyes peeled and uh thanks everyone. You heard the man.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1302s"},{"start_seconds":1313,"text":"Keep swapping those millions and soon you'll be able to stack those millions and swap even more millions at even lower rates.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1313s"},{"start_seconds":1322,"text":"Incredible. Um, great job Yonder and Proximity team. I'm super excited to see","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1322s"},{"start_seconds":1330,"text":"this go live very, very soon. All [snorts] right, next up we have our very","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1330s"},{"start_seconds":1337,"text":"own Escobar OG presenting RIA today. You're muted, Escobar.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1337s"},{"start_seconds":1346,"text":"Hi Peter.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1346s"},{"start_seconds":1347,"text":"Hey Escobar, can you move a little bit closer to the the mic? It's a little low volume. Yep. Awesome. Yeah, this is this is great.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1347s"},{"start_seconds":1355,"text":"I'm just going to bring your screen onto the stage and um please go ahead, sir.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1355s"},{"start_seconds":1363,"text":"Thank you. Thank you Peter. Uh GM everyone as Kobar here uh presenting RIA Finance. Uh for those who may not be familiar with RIA Finance is uh we are","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1363s"},{"start_seconds":1372,"text":"the oldest tax and landing on top of near protocol uh and recently rebranded uh February 2025 as part of of our","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1372s"},{"start_seconds":1380,"text":"transition toward uh chain abracted liquidity solutions. Uh fast forward to this town hall. We have officially launched our new token merging the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1380s"},{"start_seconds":1389,"text":"previous token on July 30 uh allowing us to redefine our value directions and long-term purpose for RIA. And today","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1389s"},{"start_seconds":1397,"text":"I'll walk you through our 2025 milestone and our road map uh toward 2026.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1397s"},{"start_seconds":1403,"text":"Um so yeah uh first is a token buyback. Uh since launching our token we have bought","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1403s"},{"start_seconds":1412,"text":"back 20 uh 12.5 million RIA from the market. This aligns with um our protocol design and a long-term commitment to uh","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1412s"},{"start_seconds":1421,"text":"to sustain uh our token value uh where um it come from our DEX revenue and our","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1421s"},{"start_seconds":1427,"text":"lending protocol revenue um where 20 20% it's used for ongoing uh RIA token buyback that fund incentive while 80% is","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1427s"},{"start_seconds":1437,"text":"distributed back to LP provider as a reward on the D side while on the landing side 40% is consistently allocated to uh buyback RIA for months.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1437s"},{"start_seconds":1445,"text":"month and 60% is retained to support RIA uh operations and growth. Uh this structure ensure continuous uh buy","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1445s"},{"start_seconds":1454,"text":"pressure uh uh while we also going to reward uh liquidity providers and also uh loyal uh community from time to time.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1454s"},{"start_seconds":1463,"text":"Um and uh on the screen you'll see the key uh statistics for of October and November of what we have achieved as","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1463s"},{"start_seconds":1471,"text":"well uh including 11 million worth of ZCAST has been supplied through our uh uh lending protocol along with 9 million","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1471s"},{"start_seconds":1478,"text":"near stake for our near LSC token called on. And lastly uh on the right side of the screens you'll be able to see uh a","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1478s"},{"start_seconds":1486,"text":"couple's uh chain logos uh where it present our richain uh landing that we","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1486s"},{"start_seconds":1493,"text":"going to see on the next slide.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1493s"},{"start_seconds":1498,"text":"Yeah. So a riotchain landing uh we have we have delivered that to the market","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1498s"},{"start_seconds":1504,"text":"over the past um uh five months as one of our main core product. Uh what you're","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1504s"},{"start_seconds":1511,"text":"seeing on the screen is how our crushing landing operate powered by near intent","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1511s"},{"start_seconds":1521,"text":"any chain where they hold a balance on their wallet. This will become our flagship product uh moving forward built on near intent and supported by near","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1521s"},{"start_seconds":1530,"text":"global contract uh which enable users um uh to have a unified liquidity uh across","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1530s"},{"start_seconds":1537,"text":"chain that uh yeah across the chain. So uh RIA is integrating this by creating a multi-chain account layer and uh for the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1537s"},{"start_seconds":1546,"text":"users. So whenever they sign a transactions at the first place to bind their wallet on onto their multi-chain account um they um the the position of","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1546s"},{"start_seconds":1556,"text":"their liquidity will be unified. The this also include crosschain trading that we go live","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1556s"},{"start_seconds":1563,"text":"um uh that's already go live on our beta. Finance um supported by intan on the back end. Uh additionally two major","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1563s"},{"start_seconds":1572,"text":"product uh is uh already live on near that that has already live on near uh since uh July 30 as uh our liquid","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1572s"},{"start_seconds":1581,"text":"staking token and our vault that support near uh near redu uh inflation","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1581s"},{"start_seconds":1588,"text":"reductions where um right now on our vault itself we are uh giving out 6.2%","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1588s"},{"start_seconds":1594,"text":"2% of APY uh based on the based on the looping strategy that we provided for the users. Um","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1594s"},{"start_seconds":1603,"text":"yeah, so moving to the next slide. Uh this is one of the most important pieces we have been building. Uh our Zikas 5 product","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1603s"},{"start_seconds":1612,"text":"will go live in seven days. Um the audit has been fully completed by today. Um we","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1612s"},{"start_seconds":1619,"text":"are just uh uh testing the product to make sure there's a uh polishing the user experience. Um so what is going to","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1619s"},{"start_seconds":1628,"text":"happen for the Zcash user or or the uh Zcash token holder with Zcash 5 user will be able to supply assets directly","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1628s"},{"start_seconds":1637,"text":"from their wallet uh from their native Zcash wallet or borrow Zcash token using their Zcash wallet directly uh after","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1637s"},{"start_seconds":1645,"text":"they have built a positions um let's say on EVM or on Salana um there all of the user position will be unified across","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1645s"},{"start_seconds":1654,"text":"every supported chain including Salana EVM and uh BTC and on top of that user will be able to trade directly from the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1654s"},{"start_seconds":1662,"text":"Zikas native wallet through the RID app access to all the assets that uh sometimes maybe uh on the Jashi side","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1662s"},{"start_seconds":1670,"text":"it's not directly updated but on RIA uh we have um ensure that the the token","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1670s"},{"start_seconds":1677,"text":"that been listed on RIA crosschain uh trading will be aligned fully aligned with the update that intend implement Um","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1677s"},{"start_seconds":1686,"text":"and on the next things is the RIA near metadex aggregator. We have tried out this product uh on other chain uh to","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1686s"},{"start_seconds":1693,"text":"make sure we we can deliver the best metadex aggregator um in in near itself aggregating our uh all of our liquidity","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1693s"},{"start_seconds":1701,"text":"pool and also near intent as uh one of the source of liquidity. Um and we are um charging a very small fee for this to","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1701s"},{"start_seconds":1710,"text":"make sure there is a very good output uh on the uh user trading side while on the crosschain dex aggregator will be","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1710s"},{"start_seconds":1718,"text":"supported uh through near intent uh along with other solutions that we can find in the market at the moment to make sure um we are also offering the best uh","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1718s"},{"start_seconds":1728,"text":"quote when user trade. Um the last last uh last two things that might be very interesting and important uh for the uh community is uh privacy development.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1728s"},{"start_seconds":1739,"text":"It's um something that we have been um we have been focusing on and also something something that we have uh","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1739s"},{"start_seconds":1747,"text":"tried to escalate uh to the team to make sure uh this can be delivered by uh early uh 10 to 25 along with a zikas","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1747s"},{"start_seconds":1756,"text":"compatible browser extension wallet while uh we are um trying to figure out what's the best way to make sure there","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1756s"},{"start_seconds":1763,"text":"is a zikas uh um extension wallet as well um and it can be uh useful for all","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1763s"},{"start_seconds":1771,"text":"those D apps in uh especially in new um that can be leveraged by them. Um yeah,","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1771s"},{"start_seconds":1778,"text":"I think that's all from uh the update from RIA. Um thank you so much for uh listening and um you can scan the QR","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1778s"},{"start_seconds":1785,"text":"code um if you want to get access to uh Ria's uh latest update. Yeah, thank you so much for coming.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1785s"},{"start_seconds":1797,"text":"Keep shipping and have a thank you great day. All right, so you heard the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1797s"},{"start_seconds":1803,"text":"man. Remember to scan the QR code, join the RIA economy. You will not","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1803s"},{"start_seconds":1811,"text":"regret it. Lastly on the call, we're going to end it up with some cipher digen energy.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1811s"},{"start_seconds":1820,"text":"Uh we have some really cool announcements from the Templar Protocol team. Just gonna add Royal Fool to the stage.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1820s"},{"start_seconds":1828,"text":"Are you there, my friend? Yep, I'm here. Can you hear me?","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1828s"},{"start_seconds":1833,"text":"Yeah, hear you loud and clear. Um, you shared a video earlier. You can you can share your screen. I can also play it.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1833s"},{"start_seconds":1839,"text":"Just let me know uh when you want it to roll.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1839s"},{"start_seconds":1842,"text":"Could you please uh play the video first and then I'll share my screen. Does that work? Yeah, it does. Just a second.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1842s"},{"start_seconds":1850,"text":"Uh just one second. I just need to stop this. I'll put it on here.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1850s"},{"start_seconds":1860,"text":"And let's see if this works.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1860s"},{"start_seconds":1877,"text":"Video file. Boom. Here we go. Okay.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1877s"},{"start_seconds":1884,"text":"Yep. You can uh mute the mute mute the video audio. Um and I'll just talk through what's going on here. So you can go to uh zc.templify.org.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1884s"},{"start_seconds":1897,"text":"Uh this is showing the latest UI that will also be rolling out to app.templify.org or which supports all","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1897s"},{"start_seconds":1903,"text":"the different um assets as collateral uh near assets, Bitcoin, uh Ethereum assets","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1903s"},{"start_seconds":1911,"text":"uh with more coming soon. Um just a one-page uh UI where you select the amount of collateral you want to use,","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1911s"},{"start_seconds":1919,"text":"deposit um and uh it's just there's no extra Zcash connection or wallet required. you","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1919s"},{"start_seconds":1928,"text":"can just send it as like a normal transaction sending it to the deposit address just like you would to an exchange or another user. Um same","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1928s"},{"start_seconds":1937,"text":"typical flow as Bitcoin as well. Uh you can connect with uh a near wallet,","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1937s"},{"start_seconds":1943,"text":"Salana wallet uh or a pass key. Um so uh there's multiple different options for","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1943s"},{"start_seconds":1951,"text":"that. You can borrow uh you can supply um [clears throat]","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1951s"},{"start_seconds":1957,"text":"and uh when you supply that uh can be in Salana stable coins as is demonstrated","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1957s"},{"start_seconds":1965,"text":"here and near stable coins on some markets uh as well as uh Ethereum uh","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1965s"},{"start_seconds":1971,"text":"USDC on other markets as well. Um so yeah, borrow supply flows all","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1971s"},{"start_seconds":1978,"text":"supported there. Um, and we've also uh recently added support for uh an","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1978s"},{"start_seconds":1987,"text":"overview with the uh with the markets uh as well, which we should see uh coming up soon.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1987s"},{"start_seconds":1999,"text":"Yep. So, here's the account overview page. Um and then on the markets, just on Zcash, there's only one market, but if you go to apt.templifi.org,","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=1999s"},{"start_seconds":2008,"text":"you can select from multiple different markets. see kind of like the overview um of the rates uh how much liquidity is","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2008s"},{"start_seconds":2015,"text":"available and so forth um and I'll do a bit of a demo on the screen share as well here so you can kind of see that.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2015s"},{"start_seconds":2027,"text":"Let me share my screen here.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2027s"},{"start_seconds":2035,"text":"All right, this one here.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2035s"},{"start_seconds":2041,"text":"All right. Um, so here you can see kind of like our different markets that are live right now. Uh, we","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2041s"},{"start_seconds":2050,"text":"have Stellar markets, we have Bitcoin, wrap, Bitcoin, uh, Stir, um, Zcash. Uh, currently we're just","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2050s"},{"start_seconds":2060,"text":"using kind of the USDC markets, but we can support other stable coins as well in the future. Um and as you can see you","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2060s"},{"start_seconds":2067,"text":"can get details on how much is supplied, how much is borrowed, total liquidity um","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2067s"},{"start_seconds":2074,"text":"the current rates uh which vary based off of uh utilization curve","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2074s"},{"start_seconds":2081,"text":"and then the current uh account status, how much you have in different uh in different assets there. Um there's the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2081s"},{"start_seconds":2089,"text":"old borrow and supply screens here, but that will be that will be updated soon.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2089s"},{"start_seconds":2094,"text":"Um, and I guess I can go over a bit of a bit of a road map as well after the Zcash uh launch. Um, so we're going to","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2094s"},{"start_seconds":2103,"text":"be adding support for uh Ripple, Cardano, Doge, Litecoin. Um, basically most of the assets that uh you can't","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2103s"},{"start_seconds":2112,"text":"really borrow against on um on a Morpho or any of those uh other larger lending","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2112s"},{"start_seconds":2119,"text":"providers. Um uh and you know looking to add support for more more chains as well. Um","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2119s"},{"start_seconds":2129,"text":"and yeah um that's that's what we're aiming for. Uh so yeah,","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2129s"},{"start_seconds":2137,"text":"thank you so much for coming. Uh awesome to see all of this all of this happening and then keep up the cipher lending","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2137s"},{"start_seconds":2145,"text":"vibe. So basically cipher lending means no KYC or what's sort of like behind it?","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2145s"},{"start_seconds":2151,"text":"Yeah. So cipher lending uh means that there are no trusted third parties. Uh it means that uh we preserve the user's","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2151s"},{"start_seconds":2159,"text":"privacy as much as possible as part of the push for Zcash. That um means that we're not collecting any personally","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2159s"},{"start_seconds":2166,"text":"identifiable information. Uh and it also is implicitly chain abstracted. Um, so we're really counting on uh nearest tech","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2166s"},{"start_seconds":2174,"text":"continuing to grow uh and proliferate across different chains and stable coins as Kendall mentioned to like there are","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2174s"},{"start_seconds":2181,"text":"all these different kind of corpo stable coins coming out even corpo chains um like Stripes Tempo um so you know that's","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2181s"},{"start_seconds":2190,"text":"going to fragment the liquidity across all these different chains. So users will, you know, they they don't they don't actually necessarily want to have","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2190s"},{"start_seconds":2198,"text":"to deal with, oh, this stable coins on u this L2 and I want it to be on this L1 so I can buy this asset. Um they just","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2198s"},{"start_seconds":2207,"text":"want to be able to uh use the assets that they care about and not really care about the chain. So uh the chain abstracted piece is definitely a big","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2207s"},{"start_seconds":2215,"text":"part of cipher lending as well. um and just the general kind of cippher punk principles that uh crypto um was founded","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2215s"},{"start_seconds":2223,"text":"upon. Um so yeah, like I mentioned the no trusted third parties is a big part of that. Uh but uh I think that becomes","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2223s"},{"start_seconds":2233,"text":"even more important going forward as there are uh there more kind of corporations and people that don't necessarily share those principles","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2233s"},{"start_seconds":2241,"text":"coming into the space. uh ensuring that everything is permissionless and if you want to use those kind of corpo options","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2241s"},{"start_seconds":2248,"text":"you can um but also having the option to um use uncensorable assets and preserve","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2248s"},{"start_seconds":2256,"text":"your privacy as well is what we're shooting for.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2256s"},{"start_seconds":2259,"text":"Awesome. Yeah, I really I really love the product this and the things you're building worldful and your ethos like we","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2259s"},{"start_seconds":2266,"text":"need more of this in the world. So, keep on doing your thing and uh thank you so much for coming. Already excited to hear more about um what's going to come from your end um in the coming town halls.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2266s"},{"start_seconds":2278,"text":"So, have a great one and thank you so much for coming, man. Cool. Thank you, Peter.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2278s"},{"start_seconds":2285,"text":"All right, Templar was the last project to present today. Before we wrap it all","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2285s"},{"start_seconds":2292,"text":"up, I would like to ask everyone on this call, if you're not already part of the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2292s"},{"start_seconds":2300,"text":"NIA Legion, make sure to join it. This is where all the ecosystem alpha is","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2300s"},{"start_seconds":2306,"text":"dropped. This is where your voice becomes important. This is where you can actually help shape the ecosystem that","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2306s"},{"start_seconds":2315,"text":"we're all part of. So head over to the near legion, join it, join the telegram and take part","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2315s"},{"start_seconds":2321,"text":"in the daily activities and of course uh partake in all of the many missions they have. They also just recently launched a","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2321s"},{"start_seconds":2329,"text":"pretty cool NFT collection. So obviously also advocate for heading over there and taking a look at it. Of course, none of","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2329s"},{"start_seconds":2337,"text":"that is financial advice. you should buy it because you think the artwork is sick, which it is.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2337s"},{"start_seconds":2346,"text":"Last up, I would like to repeat what Ilia presented earlier on because I","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2346s"},{"start_seconds":2353,"text":"think this really deserves some attention which is a lot of the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2353s"},{"start_seconds":2360,"text":"significant partnerships that the near intense team have been um establishing","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2360s"},{"start_seconds":2368,"text":"and kicking off in November. What you see on this page is only from the month of November and these are only the stuff","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2368s"},{"start_seconds":2376,"text":"that could fit on a slide. As you see there actually many more. Um the near","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2376s"},{"start_seconds":2382,"text":"intense team doesn't sleep and from here I just want to give a huge shout out to everyone contributing on the near","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2382s"},{"start_seconds":2390,"text":"intense framework. Um they're doing fantastic work. I think especially the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2390s"},{"start_seconds":2397,"text":"Ledger wallet integration is a massive win. Um so keep up the good work","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2397s"},{"start_seconds":2403,"text":"everyone and also of course want to highlight some of the metrics behind the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2403s"},{"start_seconds":2412,"text":"new intense protocol. So, of course, the $7 billion mark of in regards to all-time volume was uh broken or reached","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2412s"},{"start_seconds":2422,"text":"yesterday, I believe. And it seems like this number only continues to go up uh as you see on the graph on the","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2422s"},{"start_seconds":2430,"text":"cumulative uh volume. That's the orange line you watch here. This is some pretty insane","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2430s"},{"start_seconds":2439,"text":"growth and um believe that it's only going to continue.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2439s"},{"start_seconds":2446,"text":"You heard what um Kendall is working on and um I I believe that there are many","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2446s"},{"start_seconds":2453,"text":"more integrations to come. This is like still super early knowing that the product or the protocol was is only like","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2453s"},{"start_seconds":2460,"text":"a year old, a little bit more than a year old. Um, so definitely keep an eye on near intents and everything that","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2460s"},{"start_seconds":2467,"text":"that's going to do for web 3. Basically unifying liquidity and giving users the best option, not caring about what chain","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2467s"},{"start_seconds":2475,"text":"they're on whatsoever. Like nearense makes web 3 or crypto so much easier to navigate and gives you","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2475s"},{"start_seconds":2484,"text":"accessibility, gives you grants you access to more or less any asset. So we're starting to see the early days of","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2484s"},{"start_seconds":2493,"text":"a superior user experience which is onchain versus that this has","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2493s"},{"start_seconds":2500,"text":"actually of course been residing on the on the sex side for for many years but now the technology is here and as you","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2500s"},{"start_seconds":2507,"text":"can see people are using it and they love it and I encourage anyone if you haven't tried it before of course not","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2507s"},{"start_seconds":2514,"text":"financial advice but you need to try out swapping one as uh across chains like one asset from another across chains.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2514s"},{"start_seconds":2523,"text":"It's like pure magic to be honest. Um so again, huge shout out to everyone working with Near Intents. And","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2523s"},{"start_seconds":2533,"text":"that brings us to the end of this town hall. Dear friends, I hope that this","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2533s"},{"start_seconds":2543,"text":"call, this town hall call gives you an idea of what's cooking within the new ecosystem.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2543s"},{"start_seconds":2549,"text":"Near is really shipping infrastructure and working at the um cutting edge of AI and blockchain. We're shipping","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2549s"},{"start_seconds":2558,"text":"infrastructure for agents. Watch out tomorrow for the Trevai uh product to go live.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2558s"},{"start_seconds":2565,"text":"We're shipping infrastructure for the next era of the internet and we won't stop until near is the backbone of the coming autonomous economy.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2565s"},{"start_seconds":2576,"text":"The community is grinding and it's building and it's showing the world what's possible with blockchain technology. So again, shout out to every","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2576s"},{"start_seconds":2584,"text":"developer, founder, and community contributor pushing the near protocol vision forward. you will be rewarded.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2584s"},{"start_seconds":2594,"text":"As always, everything that has been presented on this call is not financial advice. You","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2594s"},{"start_seconds":2602,"text":"should do your own research and you should most importantly use your own judgment. But if you're paying attention, you know where the signal is.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2602s"},{"start_seconds":2612,"text":"Remember to subscribe to Near Week to stay in the loop. And if you're building something amazing, this stage is yours.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2612s"},{"start_seconds":2618,"text":"do not hesitate to hit us up. We would love to feature your project or whatever you're building as long as it's near","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2618s"},{"start_seconds":2627,"text":"protocol centric of course. So see you next month everyone. Keep building and remember that the future of AI runs on near protocol.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2627s"},{"start_seconds":2642,"text":"Thanks for watching. Truly open AI is near.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2642s"},{"start_seconds":2646,"text":"Follow near protocol. Subscribe to Near Week.","url":"https://www.youtube.com/watch?v=-2wRBaqp2p4&t=2646s"}],"youtube_url":"https://youtube.com/watch?v=-2wRBaqp2p4","url":"https://near-pedia.xyz/videos/-2wRBaqp2p4"}