John DiBernardi, Mystic Labs - Abstraction in Action
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About this video
Chain Abstraction Day at EthCC 2024 in Brussels on July 10th, bringing together NEAR and Agoric for our third installment in the year-long series
John DiBernardi, Mystic Labs
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Transcript
390 wordsCaptions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.
- 0:08
all right awesome hey everybody thanks for having me out I'm John from Mystic Labs like to see some familiar faces here um and what I'm on the team that helped create Calypso which is a chain abstraction application launching on agoric very soon and we specialize in optimized actions so any token can complete any action so so in this scenario we are completing what is called a stake which you guys already
- 0:34
know and what we're doing here is we're taking in tested assets we're taking some mtic in the scenario the maic is then being staked into osmosis so it is taking the Matic it is swapping it using squid router and swapping it to usdc bridging usdc over and then actually staking that uh osmosis on the end so in this scenario this is the stake en witer that's coming out um we just initiated the actual stake message a message popped up and this is me in the background right now opening up the link
- 1:08
to axar scan and when axar scan comes up you're going to see me tracking the actual message over here and there it is and in this scenario it is taken not too long about a couple minutes during this video where we actually swapped to the a usdc bridge the actual usdc over swapped it to osmosis and then the osmosis is eventually staked to the validator of our choice now Calypso is really cool because it does a lot more than just staking we're just rolling out with this staking widget that you've seen here but
- 1:41
we're able to actually take the same workflow that the staking enables and do lending LP nfts etc etc to actually build out a fully optimized oneclick experience for anybody that is entering crypto so you can see here this is just me confirming that that the transaction actually happened and then you can see that we did in fact stake into this validator in one click and we did this using metamask and you were able to stake osmosis using your metamask wallet
- 2:14
so thanks I did it real fast didn't need the full five minutes and I'm excited to show you guys more very soon upgrade 16 I think next week so that should be Calypso live too thanks everybody