{"id":"hyKT5yNELGk","title":"DevHub Live 34 with Satoshi Port","description":"DevHub Live – Unlocking Bitcoin Liquidity with Satoshi Port 🚀\n\n👋 Welcome to another episode of DevHub Live! Today, we’re diving into Bitcoin-native DeFi with the team from Satoshi Port, a trustless Bitcoin prime brokerage built on NEAR Protocol.\n\n📌 In This Episode:\n✅ What is Satoshi Port? – A trustless way to borrow USDC against Bitcoin\n✅ How it Works – Deposit BTC, unlock liquidity, and access cross-chain DeFi\n✅ Why NEAR? – Chain abstraction, OmniBridge, & seamless Bitcoin-native solutions\n✅ Product Demo – A walkthrough of the borrowing & lending experience\n✅ Building Transparent DeFi – Fully on-chain, self-custody solutions for Bitcoin holders\n✅ Challenges in DeFi UX – Making complex blockchain tech simple for users\n\n⚡ Why This Matters?\n • Unlocking Bitcoin liquidity for trading, lending, & investing without selling BTC\n • No custodians, no centralized risk – Everything is on-chain & trustless\n • Seamless DeFi access – Users can borrow & deploy capital on platforms like Uniswap, dYdX, HyperLiquid, Osmosis, etc.\n • NEAR-powered efficiency – Fast transactions, chain abstraction, and intent-driven execution\n\n💡 What You’ll Learn:\n🟠 How Bitcoin-backed borrowing works without centralized risk\n🔗 How NEAR enables seamless cross-chain interactions\n🚀 How DeFi can be intuitive & accessible even for Bitcoin holders\n🔒 Why on-chain transparency & trustless design are critical in today’s market\n\n\n🎤 Featured Guest:\n👤 JB – Marketing & Community Growth, Satoshi Port\n\n📢 Upcoming Events & Workshops:\n🚀 NEAR AI Developer Resources & Demo → Learn how to build AI-powered apps on NEAR\n🔐 Smart Contract Auditing Workshop (Feb 15, 4 PM UTC) → Learn how to secure your contracts\n⚡ More NEAR + Bitcoin DeFi Innovation Talks → Stay tuned!\n\n👉 Got questions about Bitcoin-backed DeFi? Drop them in the comments!\n\n#Bitcoin #DeFi #NEARProtocol #DevHubLive #BitcoinLending #CryptoDeFi #TrustlessFinance #BlockchainDevelopment #Web3","channel_name":"NEAR DevHub","published_at":"2025-01-16T00:00:00.000Z","thumbnail_url":"https://img.youtube.com/vi/hyKT5yNELGk/hqdefault.jpg","transcript_text":"m m you oh you what you want you want what you want what want want want want want oh n hey welcome to another edition of Dev Hub live I'm your host here Joe from devhub uh we have another exciting episode here today and I am so uh pleased to continue to bring different Builders here on near we're going to talk to the team from Satoshi support um really again this is stuff that we're excited to see here on near of bringing different defi options here and so we're going to jump in there and talk to them uh today uh before we get started a little housekeeping so uh if you have not been following along I encourage you to subscribe to our newsletter there's so much happening right now in the developer space here on near uh down below you can see uh sign up for our newsletter at devhub we have tons of great stuff um that is constantly coming out some upcoming hackathons I think everyone should be aware of as well as if you're interested in some of's happening with near AI we have information about that there uh as well uh also uh if you are looking to build here so our main Dev site is dev. n.org uh if you're looking more about some of the near AI stuff as well um that stuff will be all linked together there um but that stuff is just continuing to grow and so we'll make sure that we get that out to you but it's great to follow along using our newsletter especially uh so we're going to continue to uh you know begin and start to have some more workshops and things like that we have a great lineup all the way through already booked through most of February which is just really awesome because it just shows what's really happening here uh in the near ecosystem but today uh I I I had haven't had a lot of defi on the program and you know we've had different Builders to maybe we working with some stuff that has been maybe defi adjacent but uh this should really be a great conversation informative for myself too um I am not super knowledgeable in this space but I think this will be a great conversation so without any further Ado I want to bring uh JB from SOI Port up on stage hey JB thanks for joining us today hey man um nice to be introduced appreciate the introduction um I'm JB and I'm managing H marketing Community growth here at Satoshi por um yeah no we're essentially just a trustless prime Bitcoin brokerage and built on near you're going to be able to take your Bitcoin deposit it and borrow usdc against it and then go and access the entire Suite of defi apps um interoperable cross chain and just connect and Bitcoin holders with seamless and instant liquidity and then allow them to go explore the vast expanses are their defy yeah it seems like um maybe we should actually even take a step further back so for people who are not necessar clear about what exactly actually a brokerage is in a sense is it tra similar to a traditional like trifi brokerage or is it something a little bit different um so I suppose like you know the role of like the prime brokerage is generally like people would go and they would deposit their Capital deposit their funds um and expect their Capital to be productive to be put to work in a range of different assets and across a range of different products um to earn them yield but obviously when we look at ourselves look at maybe examples of that that have tried to um maybe happen in the crypto world when you look at the likes of maybe black fine look at the likes of Celsius and um some of the challenges that they faced um in terms of centralization lack of transparency um they were managing onchain assets but they weren't actually operating on chain which is like kind of ironic and then the um trust issues liquidity issues that like um that emerged as a result of that we're here to essentially solve that problem where Bitcoin holders can come they can deposit Bitcoin into Satoshi Port it's it's completely transparent it's completely on chain it's fully collateralized in terms of they deposit their Bitcoin they're going to be able to borrow stable coins against it there's going to be clear and transparent transparent terms of um terms of borrowing flexible flexible and affordable repayment rates um and then when they borrow they're going to be able to put that Capital to work productively um across the across the entire defi suite and or across like various defi ecosystems if that makes sense so it's a slight a slight change in terms of like okay you used to have to like give your Capital to these centralized entities to be able to like M let them make it productive for you and they maybe charged a fee or a spread on the top of that whereas now like we're connecting Bitcoin holders directly with all the um finan defi products they need um to make their Capital productive nice so when if um let's kind of like walk through a little bit here so I I'm a Bitcoin holder and I go to Satoshi Port I am locking up my Bitcoin essentially um sorry so sorry my friend the um the connection is very poor at the moment but I think the best for me on my end but I think the best thing is for me to just do you mind if I share my screen and dive into the platform and it would make a little bit more sense that'd be great thank you very much appreciate it man so um can we see the can we see my screen up there now yes yes all good beautiful beautiful and so if you look here essentially when you come to St and this is a this is an MVP this is um Us in early development or um figuring out user flows you're going to be able to come and it's going to say okay do you want to deposit Bitcoin and borrow usdc against it and then go and explore a wide range of defi products or do you want to come with your stable coins lend those stable coins and earn passive income and earn like well passive income or earn yield against them um from the liquidity that's being lent to bitcoin holders so providing the liquidity against which Bitcoin holders can borrow and usdc so you're going to choose your option we're going to be able to connect across a range of wallets and the reason we chose near or the reason near is such like an obvious home and is because of like it's an interoperable architecture high performance architecture you know you got things like Omni Bridge allowing us to seamlessly connect across different networks you got intent intense which makes like transactions far more efficient cross chain train cross chain transactions and far more efficient and chain signatures as well and different Innovations like these just make um building on near for Satoshi port and made it a very obvious choice um and we're excited to do so so you're going to come with your wallet connect your wallet um like essentially this is again user flow so I'm just um using examples um of what would happen you're going to connect your wallet and then you're going to be able to send Bitcoin to your Satoshi port address nice when you Bitcoin to your Satoshi port address and sorry Happ address it's going to deposit it you're obviously going to have to wait for since it's like native Bitcoin being transferred over you're going to have to wait so this is a this is a design flow and so people are aware this is not like a functioning product and yet um they're you're going to have to wait obviously the necessary amount of blocks or the necessary amount of time to allow it to and bridge over and then you're going to borrow usdc against your Bitcoin so you're going to choose the amount of usdc you want to receive um against the Bitcoin so you saw we initially deposited I think it was one Bitcoin we're going to have like um what you would call more conservative ltvs and have clear um displays make it as intuitive as possible for people to understand how they're interacting with things you can see here sliders user flow trying to make people understand like um liquidation points like the the more of a loan you take the higher risk you're taking because obviously if the Bitcoin moves in a certain direction your capital is at risk of liquidation we're trying to make people as clear as possible and understanding like and what they're doing at every step of the journey but then when we get to the final part which is the exciting part if we skip all the flows or um skip the introductions if you want to call it you get into the sweet of defi apps where you can connect with like hyper liquid dydx um rouy pers osmosis Unis swap um openc a um really any platform that you you can think of or that you want to think of um that you can explore defi with this with this um collateral that you borrow and I suppose can be very interesting for people you know that own bit coin and they're quite protective of it don't want to go through like wrapped Bitcoin and don't want to like um experience or put themselves at the risks possibly associated with it um but they still want to be able to unlock their liquidity and be able to put it to work acoss across a wide range of defi apps and or for people for a different reason like you know they have Bitcoin the recent price that goes up a lot and the value is quite high and they don't want to sell it and realize that capital gains tax so instead they can deposit it into toport borrow against it and put the capital to work in a different way and so we're just giving creating this like trustless Prime brokerage environment where people can have a a good flexibility good variety in putting putting their Bitcoin to work and giving and Bitcoin holders opportunities that previously didn't exist for them you're right right so it it sounds like from the near standpoint here you're initializing all of this this part of the deposit and everything else from the near side and then if I were to connect to something else how are you managing that piece of it um in in terms of in what way so if I want to let's say go use hyper liquid or I want to go use a how how are you guys are you managing that through like chain signatures or how are you managing that and no that would just be like essentially depositing depositing the funds over to an address and we're trying to work out and we're trying to iron out the user flow to make it as intuitive as possible so like what we're thinking of is like imagining someone comes and uses it for the first time comes and use Satoshi port and like they just own their Bitcoin and they're trying to like and figure things out and we want to make the user flow as efficient as um intuitive as possible so it could be a case of people come with their existing wallets for the more advanced sophisticated user they come with their ethereum wallet they come with their Salan wallet they come with the other wallets that they have um and they connect they just send the funds over or we want to have user flows within the platform where like people are going to it's going to bring people through the experience of setting up a wallet if that makes sense and but no we'll just be a case of depositing the funds over to a wallet on a different platform so the idea here is obviously to keep everything on chain right so why during the design decision why was that important to what you guys are doing for all this and in terms of uh the so there's certainly other D5 products that are not keeping everything on chain all the time you don't always see especially like when you're going from chain to chain or strong that like why was that decision made to kind of keep this fully there you guys could have easily made a product that was half onchain half offchain but it sounds like you wanted to lean towards being fully permissionless oh well I think we're looking to solve yeah 100% like yeah that is at at our core one of the core values you know like trustless transparent um self- custody adhering to all of the initial visions of like let's say Satoshi and decentralization and um empowering the individual and I suppose if really one of the things we we looked at and wanted to solve was the issues and the risks associated with centralization and like custody of funds so it's a case of everything's on chain everything's transparent um we are just the intermediary that is essentially creating the Avenues through which this this value can flow but you know all the smart contracts in the background are essentially doing the work of protecting the users we can't like we're just building the rails and like for obvious reasons you know they like to block F they like to Celsius as I alluded to earlier they obviously try to do interesting things but whether there was mismanagement of those funds in the process of like creating those returns for users um whether they were malicious or whether it was malicious or not behind it and ultimately we just want to reduce um any failure points any friction points and make it as secure as possible and I suppose building it like fully on chain and fully transparently is like a no-brainer and I don't think there's I don't think you can build any other way and in this space I think like those sorts of the likes of the FTX the likes of the Celsius the likes of the blockfi that happened I think it if people actually used it um as a in in some instance shaped The Narrative as to like why crypto shouldn't exist and it's ironic you know because these are crypto companies but like they were they were buying crypto and they were allowing people to buy and sell crypto but it was like the actual like fact that people were not in self- custody not your keys not your coins that was the actual problem behind the scenes because they were reh hypothecating funds and they were producing assets out of thin air or at least um giving the illusion that they had assets that they did not have in reserve and then when like people went to withdraw their liquidity that was really when the problems emerged and like I suppose we just want to um bring the good points of people wanting to to unlock their liquidity from their Bitcoin in a in a secure and Native way um and then to like come not not go near any of those risks yeah yeah make it make it like yeah like I suppose you know like we're we're all here like we we probably don't need a lecture from me about like why we want to use defi right yeah no I think that's a that's a great point and for for you guys as you've been building I know you're not an engineer yourself but how has the team taken to like building this when you were probably vetting some different Technologies what was it then that led you to we want to start with this being built on top of near to kind of get the ball rolling yeah no for sure um so our our our head of communications Jonathan um like you know he had the vision he had the idea um wanted to maybe explore where the best place would be and had conversations with different chains different infrastructure and to see like where would be the best home and yeah obviously like near with the things we talked about in terms of like the chain the chain signatures the Omni Bridge the intents all these things and make it an obvious choice in terms of um yeah like um fitting fitting all the needs to um fulfill the requirements of building a like very tasty product yeah sure has there been certain challenges that you guys have experienced as you're trying to build out this product that it doesn't have to be NE near related but just in general the you found when it comes to building in the def5 space and like I suppose you know it's always it's always a case of like maybe um trying to reach a broader a broader spectrum of users or a broader audience of users you know and oftentimes I find in this space and like it's like the converted are preaching to the converted and we're all just in this Echo chamber of like telling each other how great the things we're using our which which we know about which is why we're here and and I suppose that's kind of again like we're in the early stages of this journey but we're trying to create a product that is solving a problem that is not yet um that is not yet um has not yet been solved by the market or by existing products on the market and what we're trying to be cognizant of and be aware of and build into the process is making the messaging making the user flow making the experience as as easy and as accessible as possible so it's a case of really as we move forward like you know with the legitimacy of things like Bitcoin and ethereum and the ETFs that have gone live in live in America or launched in America recently and you look at things like um onchain payment rails being or at least like um stable coins being launched by the likes of PayPal and and stripe integrating like web three payments and and you look at the integration of blockchain rails um in different in different companies and different institutions and different infrastructures it's clear that like the technology is going to proliferate more and more Industries and you probably look at the two leading the two leading assets and it's like Bitcoin and ethereum and like if specifically if we look at Bitcoin um there's just been an inability to make the asset itself productive or put it to work in a way that still um retains the underlying security element or without having to go through some element of like whether it's custody risk through bridging or custody risk through depositing it into a centralized wallet and then releasing the liquidity to you but you're still relinquishing control of the under Ling asset so what we think in the future is people are just going to want to buy Bitcoins as like the savings they're just going to want to like DCA into it on a weekly basis you know and then from there how do we as easily as possible allow them to on board into um unlocking the liquidity of that to make their asset productive across a wide range of apps so it's like I want to take a loan out against it I want to do some trading with it I want to buy a different asset like let's say as more things become um as more things go on sh like this is not a reality now but you know it could be a case of like I have my Bitcoin and I want to I want to get some euros like I want to get I want to get some Euro so it's a case of I deposit and I take a loan out because I'm imagining more currencies and things will come on chain but it's a case of using your Bitcoin as a collateral to be able to um a earn yield on it and B like be able to um access other productive assets yeah no that that's that makes a ton of sense for you guys was the impetus to use a token like Bitcoin the I guess like the Crux of like what you were trying to do because of the way that Bitcoin has not really been able to be part of defi was it is it trying to expand on that or did you have feel like okay this was just like you know the best store of value and so we wanted to go from there yeah basically like probably both those things like you know first of all it's underserved because probably the technology to like unlock the value of it or unleash the liquidity of it securely wasn't wasn't really there you know and to be able to like um maintain the security of of the Bitcoin without having to Rel relinquish like the custody of it whether it was through funds or as we touched on like centralized custody probably wasn't wasn't possible um and then obviously when on top of that like you are now at a market cap of like two trillion so there's a huge amount of liquidity there that is waiting to be unlocked or at least like you can imagine um is like there's a large amount of holders that would like to put that capital capital to work in some way um and then if you compare it to maybe even ethereum ethereum like traditionally hasn't had that problem because obviously the architecture is completely different smart contracts are enabled on the native layer you've got things like layer 2 is built on top of it and it was built in a completely different way um so e ethereum hasn't necessarily traditionally had those problems of like having and being able to make the ethereum productive in different ways and right interact with different financial instruments on chain but Bitcoin you know like it hasn't had the same hasn't had the same love hasn't had the same opportunity and now that the now that the um technology is there to allow us to build these things I think it's an no-brainer like both both those things because it is um ultimately an incredible store of value that people probably don't want to sell for different reasons and now we're giving people the opportunity to um use it as collateral to borrow against it and then put that put that Capital to work in whatever way they see fit nice yeah that makes a lot of sense I want to I want to dig into a little bit about some of the product design so before we get that we actually have a user or actually a audience question so the audience question is is the value locked I know you kind of touched on this a little bit um so what do that actually let's talk a little bit more about that mechanism of and the design decision of how the Bitcoin is actually being handled when you deposit it for uh stable coins yeah know of course it's it's super simple like it's essentially just you deposit the Bitcoin into the smart contract um like the value of the the value of the Bitcoin is handled by probably oracles or whatever like that there's a certain amount of liquidity deposited into the into the like on the other on the other side of the equation you know there's stable coin liquidity deposited into Satoshi Port from users as well who want to earn yield on their stable coins that's the flip side of this opportunity too um yeah and then essentially like they they decide how much they want to borrow that comes out of the liquidity pool and then there's a there's a fee for like the length of time you're borrowing your Bitcoin obviously because like the people who are like it's a it's the normal lending borrowing fees like in a bank it might be like you pay eight% um you pay 8% um interest and the person who's supplying the liquidity is earning like like z.0 like something right right right but here it's just a case of like you know the borrower is getting affordable terms and the and the lender is getting um I would say not not insignificant um yield opportunity on their asset um but yeah the value is locked and then obviously as like the loan is repaid no difference to any other kind of lending borrowing platform as the loan is repaid and the collateral is unlocked and you always want to maintain that LTV um as a as a borrower you borrower you probably want to always maintain that LTV to avoid like and platform enforced um or protocol enforced um liquidations to protect lenders yeah nice so there's actually a follow-up question and maybe again if you're not comfortable answering it you don't have to um so what is the tech use for that management yeah like I I can't smart contracts smart contracts I suppose but um I'm here but no I can't go co I can't go line by line of like the code but like um yeah it's like just SM SM contracts obviously and like on near as well like Yeah and I don't know if I can go I I don't know if I I actually don't know how to answer that aside from aside from aside from Smart contracts and near yeah that's fine uh one of the things I did want to talk to you about and especially because this show is focused on a lot on building building in web 3 I think leads to has a lot of its own challenges um like anything else like so there's obviously you guys are directly working in dii but there's always a financial piece uh your customers are going to be from all over the globe how has that affected your design decisions of how you're going to try to build out this product and like what led you to what you feel like is going to be your version one and so on um yeah like I suppose obviously version one or like go to market and like is focused on like the core features and the core feature is underserved Market Bitcoin unlocking liquidity to be used across all the best defy apps and all the most popular defy apps rather than focusing on like let's say building our own Suite of products and having to go from the ground up of like creating this I siloed isolated ecosystem of products that don't have that that we then have to also go to the work of creating liquidity and volume for we want to just instantaneously connect Bitcoin holders with the most liquid markets they decentralized markets they comp possibly access no matter where they are if that makes sense so that's really what the design came down to is like we're trying to solve one one key One Core problem um to start with yeah and who like as we develop the product as um who knows where it will lead I'm sure there'll be a case of like um potentially being able to integrate more assets so think you can think of the likes of ethereum salana um other digital assets that people want to be able to um want to be able to borrow are us as collateral to borrow against but I suppose the reason we chose Bitcoin to start with um is probably because as we touched on earlier it's currently the most underserved market and probably the one with the highest amount of value that's just waiting to be unlocked so it's a very it's a high pain point for the market it's a high pain Point um for holders and we just want to be able to solve it and create a solution yeah no that that that that makes a ton of sense for for you guys you know and I think again this is something that's unique to crypto have an opportunity like you said is like to leverage existing platforms already and so for you guys is it something that you talk about as a team where like it allows you to be more hyperfocused on like we are trying to get to like we want to do this as best as possible because these other things already exist whereas if you had to then also build some of the other D5 programs you now run into this thing where like now you're being stretched right like you you need more money you need a bigger team you need you have all these other things that go along with it has that been a a consideration of how you have approach this one 100% I think like that you you hit the nail in the head like you know it's just a case of we are bringing like one core and fundamental solution to a significant pain Point um and then we're leveraging all the existing infrastructure that's out there and all the brilliant products that have been built that are doing great things and connecting users like most importantly less about us but connecting users with all their their favorite apps that they want to that they want to get stuck into or that they want to use like you know and because it's kind of like you know Bitcoin holders might be looking on with a little bit of Envy at like e Etho like you know the the the Bitcoin holders that like value self- custody native Bitcoin don't want to go through any of the risks as we touched on earlier might be looking on enviously at like you know um ethereum and salana and in these ecosystems and then being able to oh they can lend and they can they can lend and they can borrow and they can yield farm and they can do all these things and on all these platforms that offer all these exciting opportunities and rather than ask us having to not only create the solution to unlock the liquidity but then having to build the ecosystem to allow people to put the like the capital to work we're just going right there's all these amazing and that's the beauty of defi is like you know it's Moder it's composable it's um interoperable so it's like like we all I think if if we all build like a pie piece of the solution or if we all put our best effort into building like one core piece of value or Builders put their effort into building one core piece of value and then when you think of like hundreds of thousands of Builders all over the world and when you all those pieces come together and operate with each other we're going to have like a healthy and thriving ecosystem but I think it's when people try to like hoard the value for themselves like build isolated silos I don't think it necessarily is in my opinion um as of right now the best route forward so it's just like for us it's a case of okay we build this we build this product to create this solution and we're just trying to as best as possible give people what they want yeah no I I a simple way in a simple way in a simple way yeah I I like that approach a lot and you know conversations that we've had on other episodes and just even just in general to the side as we talk to different products and developers is that so often it's so easy to get caught up in trying to do like all the things right you know like like one of the things is like oh I want to have this full product I think even when you guys are using the example of like you know your competition being something like blockfi where blockfi is doing a lot of their like own things right and so it's easy to get caught up in that but it sounds like that as you guys are trying to be really cautious and like you guys are trying to be smart about you know know how you go about this and unlock this for users is the yeah well I hope I hope we I hope we end up better than block F man and that would be that would be a win that would be a win I mean the bar is kind of low I guess at this point but uh yeah no and I think for yourselves though does it become a thing where like you guys are now hopefully become like the initial protocol for this type of behavior and then people can then build on you like do do you see it going where it's like you're building on top of these other protocols now you become something and then you hopefully that people then build on top of you or do you how do you guys see that kind of tring to look um well I suppose like we are like not a we are not a blockchain layer like you know we are a product so I suppose like we're we're using the power of near um the technology of near to like um and its ability to help us like like except native Bitcoin and without some of the um technical concerns and custody concerns and that like say wrapped versions or having to deposit into a centralized wallet present yeah um and then like being connecting people to a range of apps so I would say yes to some extent but I wouldn't necessarily classify it as building on top of I would just say like we are like there's a great role you know if we um if people start using Satoshi port and it becomes like a becomes a port where people like visit and unload liquidity um and then like collect their cargo of stable coin and go back out to sea to explore defi um like I suppose it's of interest to make Partnerships make collaborations and be leaders in terms of education and creating awareness about the opportunities that are there and for people to like experiment with and grow their Capital with and grow their port folios with um but I wouldn't necessarily say it's building on top I say it's like building awareness of what is being built and what exists and just connect users with that value and in the most efficient way possible yeah uh you you you let me right into to my next question here the the educational piece and this maybe fits some of the work that you're doing yourself is like what does that start to look like so obviously I think the the sell to crypto native probably is fairly straightforward like they understand the concept but as you guys obviously want to Branch out and open this up to you know a more mainstream audience what does that look like from just an educational standpoint of how do you get people to be comfortable with this uh understand what this is versus Trad F and things like that um that is a great question and if I had the answer I'd probably be like a very in demand man but it's like I think that is the Eternal question that like everybody who's building in this space is trying to solve because as I said earlier it's like current sometimes it just feels like it's like like the convert like the choir preach into the choir the converted preach into the converted and like we're all just talking to each other about how great the things we're using and building are um and then that like yeah and then obviously when it comes to the point of like everyone building in isolated like siloed ecosystems that poses problems with things like fragmented liquidity um and like maybe like a difficult experience at least up until recently things are improving a lot and but of being able to just directly connect as a user and bring your Capital with to any app you want if that makes sense so it's like like for example it doesn't matter um if you're using like domains like as it doesn't matter whether you're using like IO doio like.net it's like all it's it's all the same thing as it will bring as will bring you to a web page and we all have the web page functions it's the same thing as in like in let's say so we don't want people to be just do I think the bigger picture is like going we need to as an industry as a collective um try to establish better credibility and Trust of like what blockchain is and it just needs to infiltrate the mainstream even a little bit more than it currently does and because currently you know like it's like oh it's getting mainstream it's getting like there's there's awareness but really this the height of the awareness like for a lot of people is like oh maybe I'll buy a little bit little bit of Bitcoin maybe I'll buy a little bit of eth or maybe I will just buy fcoin and like try to go a thousand THX in three hours but like it what what about like when people realize or come to the eventual conclusions that like you know essential financial instruments that they are interacting with every day are far far more efficient on chain so it's like what if you're going to your bank and they're charging you like eight% a or like 12 13 14% APR on a loan but you could go into Defi and because there's no intermediaries like slurping up the fees like you're paying like 4% APR and then on the on the other side of that coin what about like when the people who are lending or saving their money in Banks realize that the yield that's being paid to them the tiny sliver of yield that's being paid to them is essentially a like is essentially like a fraction of the value that's being generated by their savings and their deposits right and they can instead just deposit this into like a lending platform and realize like hundreds of times of the value that's not an exaggeration as it's like if someone is being paid like 0.05% interest versus getting paid 4% interest or 5 per or 10% yield like that is hundreds of times the yeah oh yeah sure value you're getting on on your deposit and like I suppose it's when you break it down to these really now there's other things that probably need to be solved before like Mass on boarding you know our two the two biggest um the two biggest stable stores of value like in terms of usdt and usdc like you know and they're token they're tokenized versions of the dollar they're still not the dollar itself and which again poses its own set of problems that we're probably not going to go into death on here but the principle of people being able to access like the things they already use the essential financial instruments that they already use and have great like great demand for already and they realize simply that by being on chain those things are like far more efficient and better is probably the Tipping Point at which but there's a reason like you know there's probably and I like in my opinion there's a reason you know obviously it's so regulated um in terms of like you don't see advertisements like there's probably not a huge amount of advertisements allowed um around these things because it's directly in in the contradiction of the interest of like big financial institutions the people who control um the current um Financial rails to make these things mainstream because ultimately it will make them obsolete um and so it's the job of the the keyboard Warrior the the boots on the ground the so the social media Savant to like to get out there and just like it literally probably starts with like as in like okay you are going to you go to your wife you go to your kids you go to your mom you go to your dad you go to your cousins and you just try and explain in a very like logical way or just like at least like explain why it act why the technology and why the products that are built on top of the technology are actually solving problems that they need solved so there's actually like a there's a nice saying that like I can't remember where I saw but it was a nice kind of quote but it was like he who frames the problem owns the solution so it's just like you're you're explaining problems that they didn't even know they had because there's just such a level of like like ingrained complacency and assumptions about like oh this is just how things are but it's like what if this what if this isn't just how things are what if like we essentially we can be far easily or connected with value um realize the value um be connected with and realize more of the value we are creating and directly rather than having intermediaries who were literally just siphoning value from controlling the rails through which we have have to operate no longer now we have different rails that we can use we have different infrastructure that we can use that essentially give power back to the people value back to the people and make them obsolete I yeah I I think that that's framed really nicely and it is one of those things where I I assume part of then that mission for you guys is how do we then make this as easy as possible where it does not feel too technical doesn't feel too foreign um they can just see the benefit of what's Happening Here I think that's always the challenge building any product in crypto right is that you don't want it to feel too Technical and everything else so yeah I don't think and that's I agree with you entirely like you know but we like we're not I would say in any way technical I agree completely I think and that's why these conversations I was like actually having I think like we just need to be way more flexible in terms of as an industry our messaging our delivery the medium through which we deliver the message understand trying to actually use the technology and the products being built and frame the Solutions in such a way as that they're appealing to problems that people actually have um if that makes sense and I suppose yeah we completely have that at heart in what we're doing in terms of like I don't think we could possibly make it any simpler in terms of it's come with your Bitcoin any Bitcoin from anywhere deposited as like Industry industry-leading Safety standards in terms of like um all the near infrastructure like Omni Bridges intend change signatures make the actual depositing process a lot more secure than using like wrapped variations and definitely more secure than having to deposit into a centralized wallet and where there's like that lack of transparency and that like onchain offchain kind of thing as you were talking about and and then literally just borrow against it and it's like that's that's it make it simple yeah I love it no I think I think that's great um J I really appreciate you I'd love you to just kind of end here is like kind of what is the next you know six months for you guys in the team look like going forward here yeah for sure and like we'd love obviously people follow us on Twitter like um atoi Port um check out the website join us on Discord um we've got things that you probably don't want to miss out on um in terms of like we're going to like have a token we're going to like reward like early users of the platform and when we go live um so yeah like I I can't obviously say definites or absolutes but I would just say like stay in touch like keep an eye and what's going on um yeah and like we'd love to literally love to connect with anyone answer any questions connect with any user that has anything to ask us or any person that has anything to ask us or a any AI bot that has anything to ask us I doubt my new AI overlords and yeah like just like let's we're like I think we we'll be coming to we'll be coming to launch probably in the next few months um ideally like Q2 at the at the latest um and all things going well and yeah like we'll just following the social channels um keeping in touch with us and what the team are doing through Discord and through Twitter um we'll probably will be able to communicate and yeah like give people the best user experience awesome awesome well I really appreciate you taking the time today uh this was very informative even for myself um so I hope people learn a little bit something here and looking forward to seeing you guys launch and get to Main net appreciate that man um yeah like we'll we'll do our best like we just got to keep keep our keep our eyes on the road keep focused keep doing what we do but man I appreciate what you do I appreciate like you inviting me on and I appreciate like look the shows like you're doing here are vital to like creating education creating awareness and the ecosystem and and Beyond so and the setup the production value is is fantastic here and so yeah really appreciate the work you're doing man and hope to have more conversations in the future thank you for having me on absolutely Ely all right be well take care have a great day my friend take it easy thanks for watching everyone uh awesome stuff uh you know I hope for you guys you know you learn a little something and while you know one of the things here that as developers that I think was really great that JB was talking about is like you know keeping things that are you know technically maybe complicated really simple for the user on the other side and if you look to their website and what they're trying to put together here is really trying to be something that makes it approachable for all users and that's really something that I do feel like is not always considered all the way through so something to think about if you're building your own product is can I make this feel comfortable for my uses feel familiar feel easy to use things like that uh a couple of uh things just to to wrap up and uh again there is so much happening happening right now in the near ecosystem that I want to make sure that we are on top of all of it here uh so first thing uh near AI there's a lot happening there and I just want to kind of show there's been some nice updates to the documentation uh so let me pull this up here so everyone can see this all right where's my screen there we go perfect so um definitely come and check this out uh you can certainly get started here uh working on near AI you start looking at different building out some agents things like that there's a quick start here so you can see it these are all brand new uh brand new documentation uh built out by the devhub team uh they've done an amazing job uh of really trying to start to clarify how this will all work um definitely check this out you can also go to uh if we go to app. near. uh you can see how you can also get started here from the near AI developer Hub uh and so in here I will I'll put this here uh in a banner so everyone can kind of see this as well all right there we go um yeah you can check out you can get started uh I encourage you to check this out give feedback let us know uh you know what's working what could be clarified what could be better uh you know leading towards all of that uh lastly again if you uh didn't come on on the beginning of it please you know check out our newsletter uh we have all this information coming out each every each and every week uh if you need Dev support come to our telegram you can ask any kind of question uh between the devhub team and you know developers in the community uh you can get your stuff answered uh if you are building something if you are building something on near and you want to come talk about it uh talk about your experience building you want to show it off uh feel free to reach out to us at Twitter our Twitter handles here on the screen my personal one as well as the devhub one uh reach out uh we'd love to have more developers on here talking about what they're building how it's going what the experience is like uh whether it is in the D5 space the AI space uh regular kind of blockchain nft fungible tokens whatever it might be we want to talk to more and more developers but as I said we have the next few weeks really booked out with some great guests to talk about all the different things about building on near that I think will be really valuable for everyone here uh I will end with this uh again if you are actually you know curious about building on near and you have not started and you you don't know where to begin dev. n.org uh you can get started from all the different places there uh there is so much to still do and try out uh and we are here at devhub to help you with any of that so we encourage you to come check it out uh but until next week we will be back here at 4M UTC next Thursday uh with another devhub live uh we are working on some more workshops that also would also be showing up hopefully you know at random times throughout the week uh because those what everyone seem to really like those but we will absolutely uh be looking into that as well so until then H thank everybody for watching and we will see you same time uh next week thanks all goodbye","transcript_synced_at":"2026-11-03T03:56:02.470Z","segments":[{"start_seconds":0,"text":"m m","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=0s"},{"start_seconds":34,"text":"you","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=34s"},{"start_seconds":60,"text":"oh","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=60s"},{"start_seconds":92,"text":"you","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=92s"},{"start_seconds":148,"text":"what you want you want what you want what","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=148s"},{"start_seconds":153,"text":"want want want want want","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=153s"},{"start_seconds":180,"text":"oh","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=180s"},{"start_seconds":211,"text":"n","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=211s"},{"start_seconds":253,"text":"hey welcome to another edition of Dev Hub live I'm your host here Joe from devhub uh we have another exciting","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=253s"},{"start_seconds":259,"text":"episode here today and I am so uh pleased to continue to bring different Builders here on near we're going to","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=259s"},{"start_seconds":268,"text":"talk to the team from Satoshi support um really again this is stuff that we're excited to see here on near of bringing","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=268s"},{"start_seconds":275,"text":"different defi options here and so we're going to jump in there and talk to them uh today uh before we get started a","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=275s"},{"start_seconds":282,"text":"little housekeeping so uh if you have not been following along I encourage you to subscribe to our newsletter there's","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=282s"},{"start_seconds":290,"text":"so much happening right now in the developer space here on near uh down below you can see uh sign up for our newsletter at devhub we have tons of","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=290s"},{"start_seconds":297,"text":"great stuff um that is constantly coming out some upcoming hackathons I think everyone should be aware of as well as if you're interested in some of's","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=297s"},{"start_seconds":304,"text":"happening with near AI we have information about that there uh as well uh also uh if you are looking to build here so our main Dev site is dev.","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=304s"},{"start_seconds":315,"text":"n.org uh if you're looking more about some of the near AI stuff as well um that stuff will be all linked together there um but that stuff is just","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=315s"},{"start_seconds":324,"text":"continuing to grow and so we'll make sure that we get that out to you but it's great to follow along using our newsletter especially","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=324s"},{"start_seconds":330,"text":"uh so we're going to continue to uh you know begin and start to have some more workshops and things like that we have a","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=330s"},{"start_seconds":338,"text":"great lineup all the way through already booked through most of February which is just really awesome because it just shows what's really happening here uh in","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=338s"},{"start_seconds":346,"text":"the near ecosystem but today uh I I I had haven't had a lot of defi on the program and you know we've had different","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=346s"},{"start_seconds":354,"text":"Builders to maybe we working with some stuff that has been maybe defi adjacent but uh this should really be a great conversation informative for myself too","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=354s"},{"start_seconds":364,"text":"um I am not super knowledgeable in this space but I think this will be a great conversation so without any further Ado","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=364s"},{"start_seconds":370,"text":"I want to bring uh JB from SOI Port up on stage hey JB thanks for joining us","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=370s"},{"start_seconds":377,"text":"today hey man um nice to be introduced appreciate the introduction um I'm JB","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=377s"},{"start_seconds":384,"text":"and I'm managing H marketing Community growth here at Satoshi por um yeah no we're essentially just a","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=384s"},{"start_seconds":392,"text":"trustless prime Bitcoin brokerage and built on near you're going to be able to take your Bitcoin deposit it and borrow","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=392s"},{"start_seconds":399,"text":"usdc against it and then go and access the entire Suite of defi apps um interoperable cross chain and just","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=399s"},{"start_seconds":407,"text":"connect and Bitcoin holders with seamless and instant liquidity and then allow them to go explore the vast expanses are their","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=407s"},{"start_seconds":415,"text":"defy yeah it seems like um maybe we should actually even take a step further back so for people who are not necessar","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=415s"},{"start_seconds":423,"text":"clear about what exactly actually a brokerage is in a sense is it tra similar to a traditional like trifi brokerage or is it something a little","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=423s"},{"start_seconds":431,"text":"bit different um so I suppose like you know the role of like the prime brokerage is generally like people would go and they would deposit their Capital deposit","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=431s"},{"start_seconds":440,"text":"their funds um and expect their Capital to be productive to be put to work in a range of different assets and across a","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=440s"},{"start_seconds":447,"text":"range of different products um to earn them yield but obviously when we look at ourselves look at maybe examples of that","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=447s"},{"start_seconds":455,"text":"that have tried to um maybe happen in the crypto world when you look at the likes of maybe black fine look at the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=455s"},{"start_seconds":461,"text":"likes of Celsius and um some of the challenges that they faced um in terms of centralization lack of transparency","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=461s"},{"start_seconds":470,"text":"um they were managing onchain assets but they weren't actually operating on chain which is like kind of ironic and then","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=470s"},{"start_seconds":477,"text":"the um trust issues liquidity issues that like um that emerged as a result of that we're here to essentially solve","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=477s"},{"start_seconds":486,"text":"that problem where Bitcoin holders can come they can deposit Bitcoin into Satoshi Port it's it's completely transparent it's completely on chain","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=486s"},{"start_seconds":493,"text":"it's fully collateralized in terms of they deposit their Bitcoin they're going to be able to borrow stable coins against it there's going to be clear and","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=493s"},{"start_seconds":501,"text":"transparent transparent terms of um terms of borrowing flexible flexible and affordable repayment rates um and then","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=501s"},{"start_seconds":510,"text":"when they borrow they're going to be able to put that Capital to work productively um across the across the entire defi suite and or across like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=510s"},{"start_seconds":518,"text":"various defi ecosystems if that makes sense so it's a slight a slight change in terms of like okay you used to have to like give your Capital to these","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=518s"},{"start_seconds":526,"text":"centralized entities to be able to like M let them make it productive for you and they maybe charged a fee or a spread on the top of that whereas now like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=526s"},{"start_seconds":534,"text":"we're connecting Bitcoin holders directly with all the um finan defi products they need um to make their","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=534s"},{"start_seconds":542,"text":"Capital productive nice so when if um let's kind of like walk through a little bit here so I I'm a Bitcoin holder and I","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=542s"},{"start_seconds":550,"text":"go to Satoshi Port I am locking up my Bitcoin essentially um sorry so sorry my friend","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=550s"},{"start_seconds":560,"text":"the um the connection is very poor at the moment but I think the best for me on my end but I think the best thing is","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=560s"},{"start_seconds":568,"text":"for me to just do you mind if I share my screen and dive into the platform and it would make a little bit more sense that'd be great thank you very much appreciate it man so um can we see the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=568s"},{"start_seconds":576,"text":"can we see my screen up there now yes yes all good beautiful beautiful and so if you look here essentially when you come to St and this is a this is an MVP","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=576s"},{"start_seconds":585,"text":"this is um Us in early development or um figuring out user flows you're going to be able to come and it's going to say","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=585s"},{"start_seconds":593,"text":"okay do you want to deposit Bitcoin and borrow usdc against it and then go and explore a wide range of defi products or do you want to come with your stable","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=593s"},{"start_seconds":600,"text":"coins lend those stable coins and earn passive income and earn like well passive income or earn yield against them um from the liquidity that's being","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=600s"},{"start_seconds":608,"text":"lent to bitcoin holders so providing the liquidity against which Bitcoin holders can borrow and usdc so you're going to choose your option we're going to be","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=608s"},{"start_seconds":617,"text":"able to connect across a range of wallets and the reason we chose near or the reason near is such like an obvious home and is because of like it's an","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=617s"},{"start_seconds":625,"text":"interoperable architecture high performance architecture you know you got things like Omni Bridge allowing us to seamlessly connect across different","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=625s"},{"start_seconds":632,"text":"networks you got intent intense which makes like transactions far more efficient cross chain train cross chain","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=632s"},{"start_seconds":639,"text":"transactions and far more efficient and chain signatures as well and different Innovations like these just make um","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=639s"},{"start_seconds":646,"text":"building on near for Satoshi port and made it a very obvious choice um and we're excited to do so so you're going to come with your wallet connect your","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=646s"},{"start_seconds":653,"text":"wallet um like essentially this is again user flow so I'm just um using examples um of","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=653s"},{"start_seconds":662,"text":"what would happen you're going to connect your wallet and then you're going to be able","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=662s"},{"start_seconds":669,"text":"to send Bitcoin to your Satoshi port address nice when you Bitcoin to your Satoshi port","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=669s"},{"start_seconds":679,"text":"address and sorry Happ address it's going to deposit it you're","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=679s"},{"start_seconds":688,"text":"obviously going to have to wait for since it's like native Bitcoin being transferred over you're going to have to wait so this is a this is a design flow and so people are aware this is not like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=688s"},{"start_seconds":696,"text":"a functioning product and yet um they're you're going to have to wait obviously the necessary amount of blocks or the necessary amount of time to allow it to","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=696s"},{"start_seconds":705,"text":"and bridge over and then you're going to borrow usdc against your Bitcoin so you're going to choose the amount of usdc you want to receive um against the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=705s"},{"start_seconds":712,"text":"Bitcoin so you saw we initially deposited I think it was one Bitcoin we're going to have like um what you would call more conservative ltvs and","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=712s"},{"start_seconds":721,"text":"have clear um displays make it as intuitive as possible for people to understand how they're interacting with things you can see here sliders user","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=721s"},{"start_seconds":729,"text":"flow trying to make people understand like um liquidation points like the the more of a loan you take the higher risk you're taking because obviously if the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=729s"},{"start_seconds":738,"text":"Bitcoin moves in a certain direction your capital is at risk of liquidation we're trying to make people as clear as possible and understanding like and what","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=738s"},{"start_seconds":745,"text":"they're doing at every step of the journey but then when we get to the final part which is the exciting part if we skip all the flows or um skip the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=745s"},{"start_seconds":753,"text":"introductions if you want to call it you get into the sweet of defi apps where you can connect with like hyper liquid","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=753s"},{"start_seconds":761,"text":"dydx um rouy pers osmosis Unis swap um openc a um really any platform that you","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=761s"},{"start_seconds":769,"text":"you can think of or that you want to think of um that you can explore defi with this with this um collateral that you borrow and I suppose can be very","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=769s"},{"start_seconds":776,"text":"interesting for people you know that own bit coin and they're quite protective of it don't want to go through like wrapped Bitcoin and don't want to like um","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=776s"},{"start_seconds":786,"text":"experience or put themselves at the risks possibly associated with it um but they still want to be able to unlock their liquidity and be able to put it to","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=786s"},{"start_seconds":794,"text":"work acoss across a wide range of defi apps and or for people for a different reason like you know they have Bitcoin the recent price that goes up a lot and","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=794s"},{"start_seconds":803,"text":"the value is quite high and they don't want to sell it and realize that capital gains tax so instead they can deposit it into toport borrow against it and put","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=803s"},{"start_seconds":812,"text":"the capital to work in a different way and so we're just giving creating this like trustless Prime brokerage environment where people can have a a","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=812s"},{"start_seconds":820,"text":"good flexibility good variety in putting putting their Bitcoin to work and giving and Bitcoin holders opportunities that previously didn't exist for them you're","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=820s"},{"start_seconds":829,"text":"right right so it it sounds like from the near standpoint here you're initializing all of this this part of","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=829s"},{"start_seconds":838,"text":"the deposit and everything else from the near side and then if I were to connect to something else how are you managing","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=838s"},{"start_seconds":846,"text":"that piece of it um in in terms of in what way so if I want to let's say go use hyper liquid or","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=846s"},{"start_seconds":853,"text":"I want to go use a how how are you guys are you managing that through like chain signatures or how are you managing that and no that would just be like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=853s"},{"start_seconds":861,"text":"essentially depositing depositing the funds over to an address and we're trying to work out and we're trying to iron out the user flow to make it as","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=861s"},{"start_seconds":868,"text":"intuitive as possible so like what we're thinking of is like imagining someone comes and uses it for the first time comes and use Satoshi port and like they just own their Bitcoin and they're","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=868s"},{"start_seconds":877,"text":"trying to like and figure things out and we want to make the user flow as efficient as um intuitive as possible so","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=877s"},{"start_seconds":885,"text":"it could be a case of people come with their existing wallets for the more advanced sophisticated user they come with their ethereum wallet they come with their Salan wallet they come with","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=885s"},{"start_seconds":893,"text":"the other wallets that they have um and they connect they just send the funds over or we want to have user flows within the platform where like people","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=893s"},{"start_seconds":900,"text":"are going to it's going to bring people through the experience of setting up a wallet if that makes sense and but no we'll just be a case of depositing the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=900s"},{"start_seconds":908,"text":"funds over to a wallet on a different platform so the idea here is obviously to keep everything on chain right so why","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=908s"},{"start_seconds":917,"text":"during the design decision why was that important to what you guys are doing for all this and in terms","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=917s"},{"start_seconds":926,"text":"of uh the so there's certainly other D5 products that are not keeping everything on chain all the time you don't always","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=926s"},{"start_seconds":933,"text":"see especially like when you're going from chain to chain or strong that like why was that decision made to kind of","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=933s"},{"start_seconds":940,"text":"keep this fully there you guys could have easily made a product that was half onchain half offchain but it sounds like you wanted to lean towards being fully","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=940s"},{"start_seconds":949,"text":"permissionless oh well I think we're looking to solve yeah 100% like yeah that is at at our core one of the core values you know like trustless","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=949s"},{"start_seconds":957,"text":"transparent um self- custody adhering to all of the initial visions of like let's say Satoshi and decentralization and um","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=957s"},{"start_seconds":967,"text":"empowering the individual and I suppose if really one of the things we we looked at and wanted to solve was the issues and the risks associated with","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=967s"},{"start_seconds":975,"text":"centralization and like custody of funds so it's a case of everything's on chain everything's transparent um we are just","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=975s"},{"start_seconds":984,"text":"the intermediary that is essentially creating the Avenues through which this this value can flow but you know all the smart contracts in the background are essentially doing the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=984s"},{"start_seconds":992,"text":"work of protecting the users we can't like we're just building the rails and like for obvious reasons you know they like to block F they like to Celsius as","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=992s"},{"start_seconds":1001,"text":"I alluded to earlier they obviously try to do interesting things but whether there was mismanagement of those funds in the process of like creating those","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1001s"},{"start_seconds":1009,"text":"returns for users um whether they were malicious or whether it was malicious or not behind it and ultimately we just want to reduce um any failure points any","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1009s"},{"start_seconds":1017,"text":"friction points and make it as secure as possible and I suppose building it like fully on chain and fully transparently is like a no-brainer and I don't think","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1017s"},{"start_seconds":1025,"text":"there's I don't think you can build any other way and in this space I think like those sorts of the likes of the FTX the likes of the Celsius the likes of the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1025s"},{"start_seconds":1033,"text":"blockfi that happened I think it if people actually used it um as a in in some instance shaped The Narrative as to","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1033s"},{"start_seconds":1041,"text":"like why crypto shouldn't exist and it's ironic you know because these are crypto companies but like they were they were buying crypto and they were allowing","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1041s"},{"start_seconds":1049,"text":"people to buy and sell crypto but it was like the actual like fact that people were not in self- custody not your keys not your coins that was the actual","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1049s"},{"start_seconds":1058,"text":"problem behind the scenes because they were reh hypothecating funds and they were producing assets out of thin air or at least um giving the illusion that","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1058s"},{"start_seconds":1066,"text":"they had assets that they did not have in reserve and then when like people went to withdraw their liquidity that was really when the problems emerged and","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1066s"},{"start_seconds":1073,"text":"like I suppose we just want to um bring the good points of people wanting to to unlock their liquidity from their","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1073s"},{"start_seconds":1080,"text":"Bitcoin in a in a secure and Native way um and then to like come not not go near","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1080s"},{"start_seconds":1088,"text":"any of those risks yeah yeah make it make it like yeah like I suppose you know like we're we're all here like we we probably don't need a lecture from me","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1088s"},{"start_seconds":1095,"text":"about like why we want to use defi right yeah no I think that's a that's a great point and for for you guys as you've been building I know","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1095s"},{"start_seconds":1104,"text":"you're not an engineer yourself but how has the team taken to like building this when you were probably vetting some","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1104s"},{"start_seconds":1111,"text":"different Technologies what was it then that led you to we want to start with this being built on top of near to kind","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1111s"},{"start_seconds":1118,"text":"of get the ball rolling yeah no for sure um so our our our head of communications Jonathan um like you know he had the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1118s"},{"start_seconds":1126,"text":"vision he had the idea um wanted to maybe explore where the best place would be and had conversations with different","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1126s"},{"start_seconds":1133,"text":"chains different infrastructure and to see like where would be the best home and yeah obviously like near with the things we talked about in terms of like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1133s"},{"start_seconds":1142,"text":"the chain the chain signatures the Omni Bridge the intents all these things and make it an obvious choice in terms of um","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1142s"},{"start_seconds":1149,"text":"yeah like um fitting fitting all the needs to um fulfill the requirements of building a like very tasty product yeah","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1149s"},{"start_seconds":1158,"text":"sure has there been certain challenges that you guys have experienced as you're trying to build out this product that it doesn't have to be NE near related but","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1158s"},{"start_seconds":1167,"text":"just in general the you found when it comes to building in the def5 space and like I suppose you know it's","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1167s"},{"start_seconds":1175,"text":"always it's always a case of like maybe um trying to reach a broader a broader spectrum of users or a broader audience","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1175s"},{"start_seconds":1183,"text":"of users you know and oftentimes I find in this space and like it's like the converted are preaching to the converted and we're all just in this Echo chamber","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1183s"},{"start_seconds":1190,"text":"of like telling each other how great the things we're using our which which we know about which is why we're here and and I suppose that's","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1190s"},{"start_seconds":1198,"text":"kind of again like we're in the early stages of this journey but we're trying to create a product that is solving a","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1198s"},{"start_seconds":1206,"text":"problem that is not yet um that is not yet um has not yet been solved by the market or by existing products on the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1206s"},{"start_seconds":1214,"text":"market and what we're trying to be cognizant of and be aware of and build into the process is making the messaging making the user flow making the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1214s"},{"start_seconds":1223,"text":"experience as as easy and as accessible as possible so it's a case of really as we move forward like you know with the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1223s"},{"start_seconds":1230,"text":"legitimacy of things like Bitcoin and ethereum and the ETFs that have gone live in live in America or launched in America recently and you look at things","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1230s"},{"start_seconds":1237,"text":"like um onchain payment rails being or at least like um stable coins being launched by the likes of PayPal and and stripe integrating like web three","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1237s"},{"start_seconds":1246,"text":"payments and and you look at the integration of blockchain rails um in different in different companies and different institutions and different","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1246s"},{"start_seconds":1254,"text":"infrastructures it's clear that like the technology is going to proliferate more and more Industries and you probably look at the two leading the two leading assets and it's like Bitcoin and","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1254s"},{"start_seconds":1262,"text":"ethereum and like if specifically if we look at Bitcoin um there's just been an inability to make the asset itself","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1262s"},{"start_seconds":1269,"text":"productive or put it to work in a way that still um retains the underlying security element or without having to go","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1269s"},{"start_seconds":1277,"text":"through some element of like whether it's custody risk through bridging or custody risk through depositing it into a centralized wallet and then releasing","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1277s"},{"start_seconds":1285,"text":"the liquidity to you but you're still relinquishing control of the under Ling asset so what we think in the future is people are just going to want to buy Bitcoins as like the savings they're","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1285s"},{"start_seconds":1293,"text":"just going to want to like DCA into it on a weekly basis you know and then from there how do we as easily as possible","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1293s"},{"start_seconds":1300,"text":"allow them to on board into um unlocking the liquidity of that to make their asset productive across a wide range of","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1300s"},{"start_seconds":1308,"text":"apps so it's like I want to take a loan out against it I want to do some trading with it I want to buy a different asset like let's say as more things become um","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1308s"},{"start_seconds":1317,"text":"as more things go on sh like this is not a reality now but you know it could be a case of like I have my Bitcoin and I want to I want to get some euros like I","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1317s"},{"start_seconds":1325,"text":"want to get I want to get some Euro so it's a case of I deposit and I take a loan out because I'm imagining more currencies and things will come on chain but it's a case of using your Bitcoin as","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1325s"},{"start_seconds":1334,"text":"a collateral to be able to um a earn yield on it and B like be able to um access other productive assets yeah no","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1334s"},{"start_seconds":1342,"text":"that that's that makes a ton of sense for you guys was the impetus to use a token like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1342s"},{"start_seconds":1352,"text":"Bitcoin the I guess like the Crux of like what you were trying to do because of the way that Bitcoin has not really","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1352s"},{"start_seconds":1361,"text":"been able to be part of defi was it is it trying to expand on that or did you have feel like okay this was just like you know the best store of value and so","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1361s"},{"start_seconds":1369,"text":"we wanted to go from there yeah basically like probably both those things like you know first of all it's underserved because probably the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1369s"},{"start_seconds":1377,"text":"technology to like unlock the value of it or unleash the liquidity of it securely wasn't wasn't really there you","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1377s"},{"start_seconds":1383,"text":"know and to be able to like um maintain the security of of the Bitcoin without","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1383s"},{"start_seconds":1391,"text":"having to Rel relinquish like the custody of it whether it was through funds or as we touched on like centralized custody probably wasn't wasn't possible um and then obviously","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1391s"},{"start_seconds":1400,"text":"when on top of that like you are now at a market cap of like two trillion so there's a huge amount of liquidity there that is waiting to be unlocked or at","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1400s"},{"start_seconds":1408,"text":"least like you can imagine um is like there's a large amount of holders that would like to put that capital capital","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1408s"},{"start_seconds":1416,"text":"to work in some way um and then if you compare it to maybe even ethereum ethereum like traditionally hasn't had","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1416s"},{"start_seconds":1424,"text":"that problem because obviously the architecture is completely different smart contracts are enabled on the native layer you've got things like layer 2 is built on top of it and it was","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1424s"},{"start_seconds":1431,"text":"built in a completely different way um so e ethereum hasn't necessarily traditionally had those problems of like having and being able to make the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1431s"},{"start_seconds":1440,"text":"ethereum productive in different ways and right interact with different financial instruments on chain but Bitcoin you know like it hasn't had the same hasn't had the same love hasn't had","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1440s"},{"start_seconds":1449,"text":"the same opportunity and now that the now that the um technology is there to allow us to build these things I think it's an no-brainer like both both those","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1449s"},{"start_seconds":1457,"text":"things because it is um ultimately an incredible store of value that people probably don't want to sell for different reasons and now we're giving","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1457s"},{"start_seconds":1464,"text":"people the opportunity to um use it as collateral to borrow against it and then put that put that Capital to work in","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1464s"},{"start_seconds":1472,"text":"whatever way they see fit nice yeah that makes a lot of sense I want to I want to dig into a little bit about some of the product design so before we get that we","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1472s"},{"start_seconds":1480,"text":"actually have a user or actually a audience question so the audience question is is the value locked I know you kind of touched on this a little bit","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1480s"},{"start_seconds":1488,"text":"um so what do that actually let's talk a little bit more about that mechanism of and the design decision of how the Bitcoin is actually being handled when","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1488s"},{"start_seconds":1497,"text":"you deposit it for uh stable coins yeah know of course it's it's super simple like it's essentially just you deposit","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1497s"},{"start_seconds":1504,"text":"the Bitcoin into the smart contract um like the value of the the value of the Bitcoin is handled by probably oracles or whatever like that there's a certain","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1504s"},{"start_seconds":1512,"text":"amount of liquidity deposited into the into the like on the other on the other side of the equation you know there's stable coin liquidity deposited into","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1512s"},{"start_seconds":1521,"text":"Satoshi Port from users as well who want to earn yield on their stable coins that's the flip side of this opportunity too um yeah and then essentially like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1521s"},{"start_seconds":1529,"text":"they they decide how much they want to borrow that comes out of the liquidity pool and then there's a there's a fee for like the length of time you're","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1529s"},{"start_seconds":1536,"text":"borrowing your Bitcoin obviously because like the people who are like it's a it's the normal lending borrowing fees like in a bank it might be like you pay","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1536s"},{"start_seconds":1545,"text":"eight% um you pay 8% um interest and the person who's supplying the liquidity is earning like like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1545s"},{"start_seconds":1552,"text":"z.0 like something right right right but here it's just a case of like you know the borrower is getting affordable terms","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1552s"},{"start_seconds":1560,"text":"and the and the lender is getting um I would say not not insignificant um yield","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1560s"},{"start_seconds":1567,"text":"opportunity on their asset um but yeah the value is locked and then obviously as like the loan is repaid no difference to any other kind of lending borrowing","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1567s"},{"start_seconds":1576,"text":"platform as the loan is repaid and the collateral is unlocked and you always want to maintain that LTV um as a as a","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1576s"},{"start_seconds":1584,"text":"borrower you borrower you probably want to always maintain that LTV to avoid like and platform enforced um or protocol enforced um liquidations to","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1584s"},{"start_seconds":1593,"text":"protect lenders yeah nice so there's actually a follow-up question and maybe again if you're not comfortable","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1593s"},{"start_seconds":1600,"text":"answering it you don't have to um so what is the tech use for that management yeah like I I can't smart contracts","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1600s"},{"start_seconds":1608,"text":"smart contracts I suppose but um I'm here but no I can't go co I can't go line by line of like the code but like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1608s"},{"start_seconds":1616,"text":"um yeah it's like just SM SM contracts obviously and like on near as well like Yeah and I don't know if I can go I","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1616s"},{"start_seconds":1624,"text":"I don't know if I I actually don't know how to answer that aside from aside from aside from Smart contracts and near yeah","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1624s"},{"start_seconds":1632,"text":"that's fine uh one of the things I did want to talk to you about and especially because this show is focused on a lot on","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1632s"},{"start_seconds":1640,"text":"building building in web 3 I think leads to has a lot of its own challenges um like anything else like so there's obviously you guys are directly working","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1640s"},{"start_seconds":1648,"text":"in dii but there's always a financial piece uh your customers are going to be from all over the globe how has that","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1648s"},{"start_seconds":1656,"text":"affected your design decisions of how you're going to try to build out this product and like what led you to what you feel like is going to be your","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1656s"},{"start_seconds":1664,"text":"version one and so on um yeah like I suppose obviously version one or like go to market and","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1664s"},{"start_seconds":1672,"text":"like is focused on like the core features and the core feature is underserved Market Bitcoin unlocking liquidity to be used across","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1672s"},{"start_seconds":1681,"text":"all the best defy apps and all the most popular defy apps rather than focusing on like let's say building our own Suite of products and having to go from the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1681s"},{"start_seconds":1689,"text":"ground up of like creating this I siloed isolated ecosystem of products that don't have that that we then have to","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1689s"},{"start_seconds":1697,"text":"also go to the work of creating liquidity and volume for we want to just instantaneously connect Bitcoin holders with the most liquid markets they","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1697s"},{"start_seconds":1706,"text":"decentralized markets they comp possibly access no matter where they are if that makes sense so that's really what the design came down to is like we're trying","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1706s"},{"start_seconds":1714,"text":"to solve one one key One Core problem um to start with yeah and who like as we develop the product as um who knows","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1714s"},{"start_seconds":1723,"text":"where it will lead I'm sure there'll be a case of like um potentially being able to integrate more assets so think you can think of the likes of ethereum","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1723s"},{"start_seconds":1731,"text":"salana um other digital assets that people want to be able to um want to be able to borrow are us as collateral to","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1731s"},{"start_seconds":1739,"text":"borrow against but I suppose the reason we chose Bitcoin to start with um is probably because as we touched on earlier it's currently the most underserved market and probably the one","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1739s"},{"start_seconds":1747,"text":"with the highest amount of value that's just waiting to be unlocked so it's a very it's a high pain point for the market it's a high pain Point um for","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1747s"},{"start_seconds":1755,"text":"holders and we just want to be able to solve it and create a solution yeah no that that that that makes a ton of sense","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1755s"},{"start_seconds":1762,"text":"for for you guys you know and I think again this is something that's unique to crypto have an opportunity like you said","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1762s"},{"start_seconds":1769,"text":"is like to leverage existing platforms already and so for you guys is it","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1769s"},{"start_seconds":1776,"text":"something that you talk about as a team where like it allows you to be more hyperfocused on like we are trying to get to like we want to do this as best","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1776s"},{"start_seconds":1785,"text":"as possible because these other things already exist whereas if you had to then also build some of the other D5 programs","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1785s"},{"start_seconds":1794,"text":"you now run into this thing where like now you're being stretched right like you you need more money you need a bigger team you need you have all these other things that go along with it has","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1794s"},{"start_seconds":1802,"text":"that been a a consideration of how you have approach this one 100% I think like that you you hit the nail in the head","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1802s"},{"start_seconds":1810,"text":"like you know it's just a case of we are bringing like one core and fundamental solution to a significant pain Point um","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1810s"},{"start_seconds":1818,"text":"and then we're leveraging all the existing infrastructure that's out there and all the brilliant products that have been built that are doing great things","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1818s"},{"start_seconds":1826,"text":"and connecting users like most importantly less about us but connecting users with all their their favorite apps that they want to that they want to get","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1826s"},{"start_seconds":1834,"text":"stuck into or that they want to use like you know and because it's kind of like you know Bitcoin holders might be looking on with a little bit of Envy at like e Etho like you know the the the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1834s"},{"start_seconds":1843,"text":"Bitcoin holders that like value self- custody native Bitcoin don't want to go through any of the risks as we touched on earlier might be looking on enviously","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1843s"},{"start_seconds":1851,"text":"at like you know um ethereum and salana and in these ecosystems and then being able to oh they can lend and they can they can lend and they can borrow and","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1851s"},{"start_seconds":1859,"text":"they can yield farm and they can do all these things and on all these platforms that offer all these exciting opportunities and rather than ask us having to not only create the solution","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1859s"},{"start_seconds":1868,"text":"to unlock the liquidity but then having to build the ecosystem to allow people to put the like the capital to work we're just going right there's all these","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1868s"},{"start_seconds":1876,"text":"amazing and that's the beauty of defi is like you know it's Moder it's composable it's um interoperable so it's like like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1876s"},{"start_seconds":1883,"text":"we all I think if if we all build like a pie piece of the solution or if we all put our best effort into building like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1883s"},{"start_seconds":1891,"text":"one core piece of value or Builders put their effort into building one core piece of value and then when you think of like hundreds of thousands of","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1891s"},{"start_seconds":1899,"text":"Builders all over the world and when you all those pieces come together and operate with each other we're going to have like a healthy and thriving","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1899s"},{"start_seconds":1907,"text":"ecosystem but I think it's when people try to like hoard the value for themselves like build isolated silos I don't think it necessarily is in my","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1907s"},{"start_seconds":1915,"text":"opinion um as of right now the best route forward so it's just like for us it's a case of okay we build this we build this product to create this","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1915s"},{"start_seconds":1924,"text":"solution and we're just trying to as best as possible give people what they want yeah no I I a simple way in a","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1924s"},{"start_seconds":1933,"text":"simple way in a simple way yeah I I like that approach a lot and you know conversations that we've had on other","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1933s"},{"start_seconds":1941,"text":"episodes and just even just in general to the side as we talk to different products and developers is that so often it's so easy to get caught up in trying","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1941s"},{"start_seconds":1949,"text":"to do like all the things right you know like like one of the things is like oh I want to have this full product I think","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1949s"},{"start_seconds":1958,"text":"even when you guys are using the example of like you know your competition being something like blockfi where blockfi is doing a lot of their like own things","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1958s"},{"start_seconds":1967,"text":"right and so it's easy to get caught up in that but it sounds like that as you guys are trying to be really cautious","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1967s"},{"start_seconds":1975,"text":"and like you guys are trying to be smart about you know know how you go about this and unlock this for users is the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1975s"},{"start_seconds":1983,"text":"yeah well I hope I hope we I hope we end up better than block F man and that would be that would be a","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1983s"},{"start_seconds":1990,"text":"win that would be a win I mean the bar is kind of low I guess at this point but uh yeah no and I think for yourselves","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1990s"},{"start_seconds":1998,"text":"though does it become a thing where like you guys are now hopefully become like the initial protocol for this type of","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=1998s"},{"start_seconds":2007,"text":"behavior and then people can then build on you like do do you see it going where it's like you're building on top of these other protocols now you become","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2007s"},{"start_seconds":2016,"text":"something and then you hopefully that people then build on top of you or do you how do you guys see that kind of tring to look um well I suppose like we","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2016s"},{"start_seconds":2024,"text":"are like not a we are not a blockchain layer like you know we are a product so I suppose like we're we're using the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2024s"},{"start_seconds":2032,"text":"power of near um the technology of near to like um and its ability to help us like like except native Bitcoin and without","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2032s"},{"start_seconds":2041,"text":"some of the um technical concerns and custody concerns and that like say wrapped versions or having to deposit","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2041s"},{"start_seconds":2050,"text":"into a centralized wallet present yeah um and then like being connecting people to a range of apps so I would say yes to","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2050s"},{"start_seconds":2058,"text":"some extent but I wouldn't necessarily classify it as building on top of I would just say like we are like there's a great role you know if we um if people","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2058s"},{"start_seconds":2068,"text":"start using Satoshi port and it becomes like a becomes a port where people like visit and unload liquidity um and then","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2068s"},{"start_seconds":2077,"text":"like collect their cargo of stable coin and go back out to sea to explore defi um like I suppose it's of interest to","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2077s"},{"start_seconds":2085,"text":"make Partnerships make collaborations and be leaders in terms of education and creating awareness about the opportunities that are there and for","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2085s"},{"start_seconds":2093,"text":"people to like experiment with and grow their Capital with and grow their port folios with um but I wouldn't","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2093s"},{"start_seconds":2100,"text":"necessarily say it's building on top I say it's like building awareness of what is being built and what exists and just connect users with that value and in the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2100s"},{"start_seconds":2109,"text":"most efficient way possible yeah uh you you you let me right into to my next question here the the educational piece","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2109s"},{"start_seconds":2117,"text":"and this maybe fits some of the work that you're doing yourself is like what does that start to look like so","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2117s"},{"start_seconds":2124,"text":"obviously I think the the sell to crypto native probably is fairly straightforward like they understand the concept but as you guys obviously want","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2124s"},{"start_seconds":2133,"text":"to Branch out and open this up to you know a more mainstream audience what does that look like from just an","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2133s"},{"start_seconds":2139,"text":"educational standpoint of how do you get people to be comfortable with this uh understand what this is versus Trad F and things like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2139s"},{"start_seconds":2148,"text":"that um that is a great question and if I had the answer I'd probably be like a","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2148s"},{"start_seconds":2155,"text":"very in demand man but it's like I think that is the Eternal question that like everybody who's building in this space is trying to solve because as I said","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2155s"},{"start_seconds":2162,"text":"earlier it's like current sometimes it just feels like it's like like the convert like the choir preach into the choir the converted preach into the converted and like we're all just","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2162s"},{"start_seconds":2171,"text":"talking to each other about how great the things we're using and building are um and then that like yeah and then obviously when it comes to the point of","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2171s"},{"start_seconds":2178,"text":"like everyone building in isolated like siloed ecosystems that poses problems with things like fragmented liquidity um","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2178s"},{"start_seconds":2187,"text":"and like maybe like a difficult experience at least up until recently things are improving a lot and but of being able to","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2187s"},{"start_seconds":2196,"text":"just directly connect as a user and bring your Capital with to any app you want if that makes sense so it's like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2196s"},{"start_seconds":2204,"text":"like for example it doesn't matter um if you're using like domains like as it doesn't matter whether you're using like IO doio","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2204s"},{"start_seconds":2213,"text":"like.net it's like all it's it's all the same thing as it will bring as will bring you to a web page and we all have the web page functions it's the same","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2213s"},{"start_seconds":2221,"text":"thing as in like in let's say so we don't want people to be just","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2221s"},{"start_seconds":2229,"text":"do I think the bigger picture is like going we need to as an industry as a collective um try to establish better","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2229s"},{"start_seconds":2238,"text":"credibility and Trust of like what blockchain is and it just needs to infiltrate the mainstream even a little bit more than it currently does and","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2238s"},{"start_seconds":2246,"text":"because currently you know like it's like oh it's getting mainstream it's getting like there's there's awareness but really this the height of the awareness like for a lot of people is","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2246s"},{"start_seconds":2254,"text":"like oh maybe I'll buy a little bit little bit of Bitcoin maybe I'll buy a little bit of eth or maybe I will just buy fcoin and like try to go a thousand","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2254s"},{"start_seconds":2264,"text":"THX in three hours but like it what what about like when people realize or come to the eventual conclusions that like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2264s"},{"start_seconds":2272,"text":"you know essential financial instruments that they are interacting with every day are far far more efficient on chain so","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2272s"},{"start_seconds":2280,"text":"it's like what if you're going to your bank and they're charging you like eight% a or like 12 13 14% APR on a loan","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2280s"},{"start_seconds":2288,"text":"but you could go into Defi and because there's no intermediaries like slurping up the fees like you're paying like 4% APR and then on the on the other side of","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2288s"},{"start_seconds":2296,"text":"that coin what about like when the people who are lending or saving their money in Banks realize that the yield that's being paid to them the tiny","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2296s"},{"start_seconds":2304,"text":"sliver of yield that's being paid to them is essentially a like is essentially like a fraction of the value that's being generated by their savings","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2304s"},{"start_seconds":2312,"text":"and their deposits right and they can instead just deposit this into like a lending platform and realize like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2312s"},{"start_seconds":2320,"text":"hundreds of times of the value that's not an exaggeration as it's like if someone is being paid like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2320s"},{"start_seconds":2326,"text":"0.05% interest versus getting paid 4% interest or 5 per or 10% yield like that is hundreds of times the yeah oh yeah","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2326s"},{"start_seconds":2335,"text":"sure value you're getting on on your deposit and like I suppose it's when you break it down to these really now there's other things that probably need","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2335s"},{"start_seconds":2343,"text":"to be solved before like Mass on boarding you know our two the two biggest um the two biggest stable stores of value like in terms of usdt and usdc","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2343s"},{"start_seconds":2352,"text":"like you know and they're token they're tokenized versions of the dollar they're still not the dollar itself and which again poses its own set of problems that","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2352s"},{"start_seconds":2360,"text":"we're probably not going to go into death on here but the principle of people being able to access like the things they already use the essential","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2360s"},{"start_seconds":2368,"text":"financial instruments that they already use and have great like great demand for already and they realize simply that by being on chain those things are like far","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2368s"},{"start_seconds":2375,"text":"more efficient and better is probably the Tipping Point at which but there's a reason like you know there's probably and I like in my opinion there's a","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2375s"},{"start_seconds":2384,"text":"reason you know obviously it's so regulated um in terms of like you don't see advertisements like there's probably not a huge amount of advertisements","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2384s"},{"start_seconds":2391,"text":"allowed um around these things because it's directly in in the contradiction of the interest of like big financial","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2391s"},{"start_seconds":2398,"text":"institutions the people who control um the current um Financial rails to make these things mainstream because","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2398s"},{"start_seconds":2405,"text":"ultimately it will make them obsolete um and so it's the job of the the keyboard Warrior the the boots on the ground the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2405s"},{"start_seconds":2412,"text":"so the social media Savant to like to get out there and just like it literally probably starts with like as in like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2412s"},{"start_seconds":2421,"text":"okay you are going to you go to your wife you go to your kids you go to your mom you go to your dad you go to your cousins and you just try and explain in","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2421s"},{"start_seconds":2428,"text":"a very like logical way or just like at least like explain why it act why the technology and why the products that are built on top of the technology are","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2428s"},{"start_seconds":2436,"text":"actually solving problems that they need solved so there's actually like a there's a nice saying that like I can't remember where I saw but it was a nice kind of quote but it was like he who","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2436s"},{"start_seconds":2444,"text":"frames the problem owns the solution so it's just like you're you're explaining problems that they didn't even know they had because there's just such a level of","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2444s"},{"start_seconds":2452,"text":"like like ingrained complacency and assumptions about like oh this is just how things are but it's like what if this what if this isn't just how things","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2452s"},{"start_seconds":2460,"text":"are what if like we essentially we can be far easily or connected with value um","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2460s"},{"start_seconds":2468,"text":"realize the value um be connected with and realize more of the value we are creating and directly rather than having","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2468s"},{"start_seconds":2476,"text":"intermediaries who were literally just siphoning value from controlling the rails through which we have have to operate no longer now we have different","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2476s"},{"start_seconds":2484,"text":"rails that we can use we have different infrastructure that we can use that essentially give power back to the people value back to the people and make them","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2484s"},{"start_seconds":2493,"text":"obsolete I yeah I I think that that's framed really nicely and it is one of those things where I I assume part of","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2493s"},{"start_seconds":2501,"text":"then that mission for you guys is how do we then make this as easy as possible where it does not feel too technical","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2501s"},{"start_seconds":2510,"text":"doesn't feel too foreign um they can just see the benefit of what's Happening Here I think that's always the challenge building any product in crypto right is","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2510s"},{"start_seconds":2519,"text":"that you don't want it to feel too Technical and everything else so yeah I don't think and that's I agree with you entirely like you know but we like we're","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2519s"},{"start_seconds":2528,"text":"not I would say in any way technical I agree completely I think and that's why these conversations I was like actually having I think like we just need to be","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2528s"},{"start_seconds":2537,"text":"way more flexible in terms of as an industry our messaging our delivery the medium through which we deliver the message understand trying to actually","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2537s"},{"start_seconds":2545,"text":"use the technology and the products being built and frame the Solutions in such a way as that they're appealing to problems that people actually have um if","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2545s"},{"start_seconds":2554,"text":"that makes sense and I suppose yeah we completely have that at heart in what we're doing in terms of like I don't think we could possibly make it any simpler in terms of it's come with your","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2554s"},{"start_seconds":2563,"text":"Bitcoin any Bitcoin from anywhere deposited as like Industry industry-leading Safety standards in terms of like um all the near","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2563s"},{"start_seconds":2571,"text":"infrastructure like Omni Bridges intend change signatures make the actual depositing process a lot more secure than using like wrapped variations and definitely more secure than having to","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2571s"},{"start_seconds":2580,"text":"deposit into a centralized wallet and where there's like that lack of transparency and that like onchain offchain kind of thing as you were talking about and and then literally","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2580s"},{"start_seconds":2588,"text":"just borrow against it and it's like that's that's it make it simple yeah I love it no I think I think that's great um J I really appreciate you I'd love","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2588s"},{"start_seconds":2596,"text":"you to just kind of end here is like kind of what is the next you know six months for you guys in the team look like going forward here yeah for sure","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2596s"},{"start_seconds":2605,"text":"and like we'd love obviously people follow us on Twitter like um atoi Port um check out the website join us on","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2605s"},{"start_seconds":2613,"text":"Discord um we've got things that you probably don't want to miss out on um in terms of like we're going to like have a","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2613s"},{"start_seconds":2621,"text":"token we're going to like reward like early users of the platform and when we","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2621s"},{"start_seconds":2627,"text":"go live um so yeah like I I can't obviously say definites or absolutes but I would just say like stay in touch like","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2627s"},{"start_seconds":2636,"text":"keep an eye and what's going on um yeah and like we'd love to literally love to connect with anyone answer any questions connect with any user that has anything","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2636s"},{"start_seconds":2645,"text":"to ask us or any person that has anything to ask us or a any AI bot that has anything to ask","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2645s"},{"start_seconds":2652,"text":"us I doubt my new AI overlords and yeah like just like let's","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2652s"},{"start_seconds":2659,"text":"we're like I think we we'll be coming to we'll be coming to launch probably in the next few months um ideally like Q2","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2659s"},{"start_seconds":2666,"text":"at the at the latest um and all things going well and yeah like we'll just following the social channels um keeping","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2666s"},{"start_seconds":2674,"text":"in touch with us and what the team are doing through Discord and through Twitter um we'll probably will be able to communicate and yeah like give people","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2674s"},{"start_seconds":2683,"text":"the best user experience awesome awesome well I really appreciate you taking the time today uh this was very informative even for myself um so I hope people","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2683s"},{"start_seconds":2692,"text":"learn a little bit something here and looking forward to seeing you guys launch and get to Main net appreciate that man um yeah like we'll","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2692s"},{"start_seconds":2700,"text":"we'll do our best like we just got to keep keep our keep our eyes on the road keep focused keep doing what we do but man I appreciate what you do I appreciate like you inviting me on and I","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2700s"},{"start_seconds":2709,"text":"appreciate like look the shows like you're doing here are vital to like creating education creating awareness and the ecosystem and and Beyond so and","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2709s"},{"start_seconds":2717,"text":"the setup the production value is is fantastic here and so yeah really appreciate the work you're doing man and hope to have more conversations in the future thank you for having me on","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2717s"},{"start_seconds":2726,"text":"absolutely Ely all right be well take care have a great day my friend take it easy thanks for watching everyone uh awesome stuff uh you know I","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2726s"},{"start_seconds":2734,"text":"hope for you guys you know you learn a little something and while you know one of the things here that as developers","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2734s"},{"start_seconds":2744,"text":"that I think was really great that JB was talking about is like you know keeping things that are you know technically maybe complicated really","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2744s"},{"start_seconds":2752,"text":"simple for the user on the other side and if you look to their website and what they're trying to put together here is really trying to be something that","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2752s"},{"start_seconds":2762,"text":"makes it approachable for all users and that's really something that I do feel like is not always considered all the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2762s"},{"start_seconds":2770,"text":"way through so something to think about if you're building your own product is can I make this feel comfortable for my uses feel familiar feel easy to use","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2770s"},{"start_seconds":2779,"text":"things like that uh a couple of uh things just to to wrap up and uh again there is so much happening happening","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2779s"},{"start_seconds":2787,"text":"right now in the near ecosystem that I want to make sure that we are on top of all of it here uh so first thing uh near","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2787s"},{"start_seconds":2797,"text":"AI there's a lot happening there and I just want to kind of show there's been some nice updates to the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2797s"},{"start_seconds":2804,"text":"documentation uh so let me pull this up here so everyone can see this all right where's my screen there","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2804s"},{"start_seconds":2813,"text":"we go perfect so um definitely come and check this out uh you can certainly get","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2813s"},{"start_seconds":2820,"text":"started here uh working on near AI you start looking at different building out some agents things like that there's a","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2820s"},{"start_seconds":2828,"text":"quick start here so you can see it these are all brand new uh brand new documentation uh built out by the devhub","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2828s"},{"start_seconds":2835,"text":"team uh they've done an amazing job uh of really trying to start to clarify how this will all work um definitely check","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2835s"},{"start_seconds":2843,"text":"this out you can also go to uh if we go to app.","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2843s"},{"start_seconds":2849,"text":"near. uh you can see how you can also get started here from the near AI developer Hub uh and so in here I will","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2849s"},{"start_seconds":2856,"text":"I'll put this here uh in a banner so everyone can kind of see this as well all","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2856s"},{"start_seconds":2864,"text":"right there we go um yeah you can check out you can get started uh I encourage you to check this out give feedback let","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2864s"},{"start_seconds":2871,"text":"us know uh you know what's working what could be clarified what could be better uh you know leading towards all of","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2871s"},{"start_seconds":2878,"text":"that uh lastly again if you uh didn't come on on the beginning of it please you know check out our newsletter uh we","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2878s"},{"start_seconds":2886,"text":"have all this information coming out each every each and every week uh if you need Dev support come to our telegram you can ask any kind of question uh","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2886s"},{"start_seconds":2894,"text":"between the devhub team and you know developers in the community uh you can get your stuff answered uh if you are building something if you are building","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2894s"},{"start_seconds":2902,"text":"something on near and you want to come talk about it uh talk about your experience building you want to show it off uh feel free to reach out to us at","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2902s"},{"start_seconds":2911,"text":"Twitter our Twitter handles here on the screen my personal one as well as the devhub one uh reach out uh we'd love to have more developers on here talking","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2911s"},{"start_seconds":2919,"text":"about what they're building how it's going what the experience is like uh whether it is in the D5 space the AI","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2919s"},{"start_seconds":2926,"text":"space uh regular kind of blockchain nft fungible tokens whatever it might be we want to talk to more and more developers","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2926s"},{"start_seconds":2934,"text":"but as I said we have the next few weeks really booked out with some great guests to talk about all the different things about building on near that I think will be really valuable for everyone here uh","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2934s"},{"start_seconds":2943,"text":"I will end with this uh again if you are actually you know curious about building","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2943s"},{"start_seconds":2951,"text":"on near and you have not started and you you don't know where to begin dev. n.org uh you can get started from all the","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2951s"},{"start_seconds":2959,"text":"different places there uh there is so much to still do and try out uh and we are here at devhub to help you with any","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2959s"},{"start_seconds":2966,"text":"of that so we encourage you to come check it out uh but until next week we will be back here at 4M UTC next","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2966s"},{"start_seconds":2973,"text":"Thursday uh with another devhub live uh we are working on some more workshops that also would also be showing up","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2973s"},{"start_seconds":2981,"text":"hopefully you know at random times throughout the week uh because those what everyone seem to really like those but we will absolutely uh be looking","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2981s"},{"start_seconds":2988,"text":"into that as well so until then H thank everybody for watching and we will see you same time uh next week thanks all","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2988s"},{"start_seconds":2996,"text":"goodbye","url":"https://www.youtube.com/watch?v=hyKT5yNELGk&t=2996s"}],"youtube_url":"https://youtube.com/watch?v=hyKT5yNELGk","url":"https://near-pedia.xyz/videos/hyKT5yNELGk"}