FRENS: Hanging with Arbitrum

Space Summary

The Twitter Space FRENS: Hanging with Arbitrum hosted by okx. Explore the world of Arbitrum and crypto through the lens of FRENS, the all-in-one app for crypto enthusiasts. Dive into the benefits of Arbitrum for Ethereum users, the user-friendly features of the FRENS app, and the crucial role of community engagement in the crypto space. Learn how OKXHelpDesk and OKX_UK support users, and understand the distinction between engagement and endorsement. Discover how Arbitrum enhances transaction efficiency and the importance of user-friendly platforms for mainstream adoption. Gain insights into the challenges tackled by Arbitrum and the significance of reliable support services in the crypto ecosystem.

For more spaces, visit the Infrastructure page.

Space Statistics

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Questions

Q: What is Arbitrum and how does it benefit Ethereum users?
A: Arbitrum is a Layer 2 scaling solution that offers lower fees and faster transaction speeds for Ethereum users.

Q: How does FRENS enhance the crypto user experience?
A: FRENS provides a user-friendly interface for seamless crypto transactions and interactions.

Q: What role do OKXHelpDesk and OKX_UK play in supporting crypto users?
A: OKXHelpDesk and OKX_UK are crucial in providing assistance and support to crypto users in need.

Q: Why is community engagement important in the crypto sphere?
A: Community engagement helps build a supportive network and fosters growth within the crypto community.

Q: What distinguishes engagement from endorsement in the crypto space?
A: Engagement implies interaction and communication, not necessarily an endorsement of products or services.

Q: How does Arbitrum contribute to the efficiency of Ethereum transactions?
A: Arbitrum's scalability solutions help reduce gas fees and speed up transactions on the Ethereum network.

Q: Why are user-friendly crypto platforms essential for mainstream adoption?
A: Simplified interfaces like FRENS make it easier for new users to navigate and adopt cryptocurrencies.

Q: What challenges does Arbitrum aim to address in the crypto space?
A: Arbitrum tackles issues such as high fees and slow processing times on the Ethereum network.

Q: How can users benefit from using Layer 2 solutions like Arbitrum?
A: Users can experience cost savings and faster transaction confirmations by utilizing Layer 2 scaling solutions.

Q: What are the advantages of a reliable support system in the crypto ecosystem?
A: Having access to support services like OKXHelpDesk enhances user confidence and trust in the crypto market.

Highlights

Time: 00:15:20
Exploring Arbitrum's Scalability Solutions Understanding how Arbitrum enhances Ethereum transactions with lower costs and faster speeds.

Time: 00:25:45
User-Friendly Features of FRENS App Discovering the intuitive interface of FRENS for effortless crypto interactions.

Time: 00:35:10
Community Support and Engagement in Crypto The role of community engagement and support in fostering a healthy crypto environment.

Time: 00:45:30
OKXHelpDesk & OKX_UK Assistance Insights on how OKXHelpDesk and OKX_UK provide essential support to crypto users.

Time: 00:55:15
Differentiating Engagement from Endorsement Understanding the nuances between engaging with crypto content and endorsing it.

Time: 01:05:40
Arbitrum's Impact on Ethereum Efficiency The benefits of using Arbitrum to improve transaction efficiency on the Ethereum network.

Time: 01:15:55
Mainstream Adoption through User-Friendly Platforms How platforms like FRENS contribute to making cryptocurrencies more accessible to the general public.

Time: 01:25:20
Challenges Addressed by Arbitrum in Crypto Exploring how Arbitrum tackles common issues like high fees and slow processing in the crypto space.

Time: 01:35:45
Cost Savings with Layer 2 Solutions The financial advantages users can gain by utilizing Layer 2 scaling solutions like Arbitrum.

Time: 01:45:10
Importance of Reliable Support Systems The role of support services in building user trust and confidence within the crypto industry.

Key Takeaways

• Understanding Arbitrum as a Layer 2 scaling solution for Ethereum.
• Insights on the benefits of using Arbitrum for lower gas fees and faster transactions.
• Exploring the user-friendly features of the FRENS app for a seamless crypto experience.
• Tips on navigating the crypto space efficiently with FRENS.
• Discussing the importance of community support and engagement in the crypto sphere.
• Learning about the role of OKXHelpDesk and OKX_UK in providing assistance to crypto users.
• Discovering how engagement does not equal endorsement in the crypto community.
• Insights on the evolving crypto landscape and the need for reliable support services.
• Exploring the impact of Arbitrum on enhancing the efficiency of Ethereum transactions.
• Understanding the value of user-friendly crypto platforms in driving mainstream adoption.

Behind the Mic

Introduction to the Session

Sadeena. Sadeena. Okay, GMGM. Hey, everybody. I think we're just about ready to kick things off for today's spaces. I wanted to start by saying a huge thank you to everybody for joining. We've got a really stellar lineup on the spaces tonight and really excited to introduce a new concept to OKX, which is friends. So the intention with this space is it'll happen every two weeks. My name is Sam. I head up product marketing for the wallet team at Okexe, and you can expect to have either myself or my colleague Matthew hosting these sessions every couple of weeks. The format is super low key. We're not here to hear about Okex. We're here to hear from our guests. So, without further ado, I wanted to do a quick round robin and introduce everybody on the line. You guys can just take it one by one, quick, simple intro, and then. And then pass it on to somebody else.

Guest Introductions Part 1

wen moon, do you want to kick things off for us? Hey. Hey, guys. It's when I, I'm Wenmoon from arbitrum, well, off chain labs, officially, the lead for the ecosystem success partnerships here. Glad to be here. Thanks for coming on, Wen. Looking forward to hearing a lot more from you in a bit. And Jonzie. Yes, sir. Hey, nice to meet you, and good to be here with you all. Jonesy, I help coordinate communications for GMX, one of the pioneering on chain perpetual exchanges. Find us at app GMX IO, and keep listening, and you'll learn a lot more about all the amazing protocols that arbitramazda offer. Nice. Thanks for coming on, man. Ey. Hey. GMGM, everyone. It's Ey from Pendle. I'm from the BD team, and my focus is on expanding Pendle's ecosystem. So getting our pts and LP's integrated with our partners and also working with various wallets and ecosystem partners. Awesome. Welcome. Thanks for coming on, man.

Guest Introductions Part 2

And Isaac. Hey, love to be here in the spaces. Thanks for having us. This isaac Prada, director of communications and project management at Radiant. We at Radiant, of course, one of the top lending and borrowing protocols on arbitrum. Love to be with all these amazing protocols here in the spaces today. Love the energy, dude. Thanks for coming on. And Ryan. Hey, Ryan. Hey, guys. Pleasure to be here today with you guys. I'm Ryan. I'm from mix. We are one of the newer perpetual access live on Arbitra. So Mix is a perpetual access offering centralized exchange level fees with no slippage for our decentralized users in a fully decentralized manner. Yeah. Pleasure to be. To be here with you guys. Awesome. Thanks for coming on, man. Freddie. Hey. Just testing. Can you guys hear me? Loud and clear.

Communication Setup

Yep. Fantastic. This might be the first Twitter space from the air. I'm actually on a plane right now on my way to permissionless, but very excited to be here, and I had to hop on so that I could speak with all my wonderful friends here. Shreddy of marketing and bd over at Jones Dow yield strategy protocol building on top of some of the great protocols that we find here alongside on this panel. She's super happy to be here, and I'll let you know if we hit any turbulence. Amazing. I love the commitment. I'm imagining you with a crowd of people crowding around you now, listening into the spaces out of pure fascination. I'm. I'm literally in the back of the plane. I do not buy this class, so. Yes. Amazing. cool. And I think we need to get Darius up. Can you guys. Justin, can you get Darius up? I can see his requested. Well, maybe just give it a minute.

Welcoming Darius

We've. Oh, there we go. Hey, Darius. Sorry to keep you hanging. Welcome on, man. No worries, dude. My connection blocked. Yeah. Cool. I'm Darius from Vertex, one of the co founders. We're one of the perp Dexes on arbitrum, but now also cross chain, so on five different evms. Yeah, I'm looking forward to just getting into it and having a chat about stuff. Sweet. Sweet. Well, thanks for joining. So, listen, I think today's space is, as I said, the idea is really to have a really informal chat and kind of strike a balance, I guess, because we've got probably a whole bunch of people on from the OKX community who are looking to learn more about arbitrum and the projects that are building in the ecosystem. And, I mean, I gotta say, like, seriously, heavyweight lineup today.

Acknowledging Contributions

So really huge thank you to everybody who helped make this happen. And then also for the people who are coming into an OKEx spaces for the first time. Welcome to you. It's great to have you on. Today is a great moment to come into the OKX community, not least because we just launched something called ecohub. So Ecohub is a new page within the OKX wallet app whereby you can basically interact with some of the leading ecosystems within the blockchain space. And it's basically a secure way to access the latest campaigns, content and top projects from a secure spot that is your Okex wallethood. So do go check it out. It's in the discover tab on the app. And we're just getting started. And big thanks to everybody who's on this basis, because you guys have been a big part of getting that up and running. So give it a try and let us know what you think.

Discussion Kickoff

Okay, shill time over when moon, I was wondering if we could hear from you first, and maybe if you could just give us a bit of a low down on kind of where arbitrams come from, where we are today and kind of what you're seeing as being really exciting within the arbitram ecosystem. Yeah, yeah, absolutely. And now seeing the full lineup here, it's pretty stacked. So very happy to be here on the spaces with so many of our greatest builders on arbitrum. And there's probably many more in the audience. And of course, with you guys at OKX, the ecosystem harbor here is what we're kind of like mentioning is the latest product launch. And I think many of our builders are going to take a lot of advantage of that, having so many more users being able to access the product. So for anyone who hasn't really used arbitrary yet, especially mainly OKex users who don't really touch on chain maybe so much, and usually just doing their centralized activities.

Arbitrum Overview

And maybe going from their wallet, I think what's going to be really awesome is you guys will be able to like, use these dapps. Use our dapps on arbitrum now through the ecosystem hub, see what's in the spotlight, what's got the most rewards, what's hot, what's new, what's the latest on arbitrum and use all of that. So, yeah, to kind of take it back. Arbitrum started off a couple of years ago now, and it still is the only optimistic roll up with fully working fraud proofs, fully stage one roll up. So essentially the most secure roll up that we have currently, and also the largest TVL, the largest transactions, like all those kind of metrics we kind of always crushing on, but like, not to sort of go into that too much. But I think the most important thing about arbitrum is, you know, ecosystem and the amount of things that you can do on arbitrum today.

Arbitrum's Ecosystem

And since the beginning of arbitram has always been really broad. And you can see just really here is just like a small slice of the builders that we have. But arbitrum kind of started off as an extremely defi focused chain. Now we kind of are Goliath in both defi gaming and handing out our tech to other chains and other people looking to build their own chains. And that's like, kind of what I focus on a lot right now. But, yeah, of course, having been managing the ecosystem here means that I get to work with all of these lovely people. Here you have perp Dex's lending protocols and everything that essentially, you know, as a user of crypto, anything that you really want to do, if that is to go long, to go short, speculative, if that is to like, borrow against your assets, whatnot.

Capabilities of Arbitrum

Like all this kind of stuff can be done in arbitram. Whether you want to play your favorite game or whatever it is, all these activities run in arbitrary. And I hope that this partnership means that, you know, you as a user can essentially do this in the most easiest way possible, most user interactive way possible. Yeah. And I hope that gave a good rundown to anyone that doesn't know what arbitrary is. But, yeah. Awesome. Thanks, man. Yeah, I mean, you touched on kind of making user experiences as easy as possible, and I'm sure that we're going to hear a little bit about kind of chain abstraction and some of the kind of simple defi strategy, kind of one click strategies that Jonesdale been working on.

Further Discussion

So, looking forward to hearing a lot more about that a little bit later on. Can you maybe just touch on just a little bit, I guess, mainly for the OKx community, kind of key differences between arbitrum and ethereum from, I guess, a fundamentals point of view when it comes to the technology. Yeah, yeah, absolutely. So, like, for someone that's like familiar with Ethereum and maybe not so familiar with arbitram, wants to know exactly why arbitrum needs to exist. Arbitrageum is sort of an l two on top of ethereum, which means that essentially, Ethereum's transactions are very slow and they are very limited in the amount of transactions that can be posted and the amount of data that can be posted.

Scaling and Efficiency

Of course, we have transaction fees right now that are very low, but that won't happen, that won't remain if we try to onboard the next billion uses on chain, which is essentially the end goal of everything that I think everyone in crypto is trying to do. And putting them on ethereum means that we need to help scale. And so arbitram is an l two, which helps scale Ethereum. By that, arbitrum has much faster block times than Ethereum and much lower transaction fees. There's a lot more that goes to it than that. But the high level is those two main things, which just means that essentially the block time is at 250 milliseconds, which means that as soon as you pause a transaction, it's pretty much executed, at least from your eyes.

Transaction Execution Speed

It's as fast, essentially, as centralized exchange. And that's why so many of the projects that are on the space today even are actually pop dexs, especially because if you're trading pubs and these kind of things, you need your activity to be incredibly fast. You need to have very fast reactions for the blockchain to actually input your transactions.

User Experience and Blockchain Technology

And this sort of activity simply not possible on Ethereum, where the block times are like 12 seconds and take so long to get a confirmation for your trade. So, yeah, best user experience in that regard. And really all we're trying to do is push ethereum further and that it currently can do. And that's opened up a lot of different possibilities, not just by what we're building here, but also arbitrary orbit and some of the other technology, which I won't go into too much, let's just say that sort of stuff can help us scale even further and, you know, do a lot of, do a lot more fun stuff with the tech that we are given by blockchains.

OKX Wallet and Ecosystem Hub

I think you broke it down really well. And I guess so that people are aware, I think here at OKX Wallet, what we're trying to build is basically a single point of access to experiences on any chain. And Wayne, I just want to say a big thank you to you for the role that you've played in bringing ecosystem hub together, because today's space has played a big role in helping OKX wallet users really understand the opportunities that exist on Arbitran. I think getting the opportunity here to hit directly from the leading voices at some of the top projects on arbitram today is going to be super helpful for our community to begin to participate and try things out. So, huge thanks for everything you've done.

Focus on Onboarding Users

And, yeah, I just want to say that this, you know, a lot of the stuff that happens on train can be daunting for users. And I appreciate OKX. What you guys are building is going to help. Essentially, all we're focused on at arbitrary is onboarding new users, right. We're not really focused on competing with existing users. And the existing pie of different chains were more focused on broadening our horizons and getting people who are off chain on chain again or for the first time. And so the amazing thing you guys are doing with the ecosystem hub, these one click transactions, essentially abstracting so much of the user experience away.

Vertex's Approach and Trading Experience

Yeah, so vertex, I guess, is a little bit different to some of the protocols that are on in that we run a little bit of a hybrid architecture. So similar to arbitrum itself, actually, we have an application specific sequencer. So what that means is we run our own tooling to direct transactions onto the chain. We settle into arbitrum as well as a number of other chains. But the reason we do that is because we're optimized to work at very low latencies with very high throughput, even faster than the ones that arbitram operates at. And the reason that we do that is we're trying to replicate something that looks a lot like a centralized exchange experience.

GMX's Role in Decentralized Trading

So GMX, one of the on chain decentralized perpetual exchanges. I really appreciate Okex's efforts in educating its users about the on chain segment. I think it's very important that every user in crypto is aware of what's available nowadays on chain and what leading blockchains like arbitrum can offer. Arbitrum was launched a little bit more than three years ago, and GMX launched exactly at the same time. We're an on chain perpetual futures and spot exchange. So that basically means you can trade perpetual swaps as well as trade spot perpetual swaps, in this case being leveraged, trades with up to 100 x, and you do that all directly from your own personal wallet.

Trends in User Experience and Decentralization

My experience is that it comes and goes in waves, and that really has to do with the underlying ideals when it comes to defi and permissionlessness and decentralization. They're ideals that a lot of users share, but in practice, people also want comfort, and that's why most of the trading takes place on centralized exchanges. And it's primarily when something occurs that makes us really aware of the risks inherent in custodial solutions, in centralized finance solutions. That's when the interest in permissionlessness and coming on chain skyrockets and people really start to appreciate the importance of self custody again.

Discussion on the Ecosystem and Centralization

Love. Just to hear a little bit about what you guys are working on introduction. Yeah, I was just gonna, I was just thinking that I wanted to add to the previous point of having more and more on chain users. This is obviously a vision or observation that all of the projects that I hear today see in the ecosystem. But at mix, we see this dynamic a little bit differently, because in this vision of my own, perhaps going into a couple of years forward, we probably see more regulated and safer centralized changes. So things like the FTX collapse, things like the Montgox collapse, probably will not happen that often as we are seeing it now. So I think central exchanges are going to stay as a trusted source of trading going forward.

Investment Trends and Decentralized Finance

What we see actually is this increasingly more segmented market where you have these dedicated financial investors who are basically just here to buy and hold the tokens. They would obviously prefer central exchanges. And you have this new waves of users who are realizing that there are countless investment opportunities on chain that they cannot otherwise capture if they stay in central exchange wallets. So they hop onto the decentralized wave. These are the kind of users are specific to us as a Dex protocol. So coming back to your earlier question on why we deploy an Armytrom, I think obviously optrum is one of the most stable, fast and affordable layer tools out there. So we actually deployed this year, earlier this year, and we did have this fierce internal discussion. Is this the right place to start? Obviously, because back then there were already a lot of successful prep texts like GMX and gains network and whatnot.

The Importance of Decentralization

So obviously the competition there is going to be a lot more, but we want the best for the users, and that's one of the most important reasons mix and arbitram share. Something in common is that we are trying to enable decentralized apps through innovation. So a couple of key words here is decentralization and innovation. So what arbitram is doing is solving the sort of the bottleneck of the throughput on layer ones. So that's their solution. So what we're doing, where we are tackling is more specific to the perpetual on chain trading space. Where, to answer this question, we might have to go into a little deeper about the different models that we have today that's offering. DAX is basically, you have pool models like GMX, you have other book models or hybrid models like vertex.

Understanding Models in Trading

So they have an audiobook and a pool model. So there are certain trade offs between these two models. Basically, with the Puma, you are more decentralized. If your order book system, you are more affordable thanks to the centralized part of the system, obviously. I think a Dex versus sax. The first and foremost thing is that a DAX is decentralized exchange. To me, decentralization means the service, once it is deployed, it's there for you forever. The rules are set, it's transparent, you own your funds, it's non custodial, and basically it's a democracy of finance. If you will. None of that exists in a centralized model. So the problem the pull model actually faced was the cost. So the cost was actually brought down significantly after the Dunkin upgrade.

Challenges and Innovations in DeFi

So internally, we think there are basically two pivotal moments for DeFi services. One obviously is the DeFi summer mentioned before, and the other one is the Dunkin upgrade, where the onchain cost actually went down more than 95%, even more than that on arbitrum, because arbitrum actually lowered their cost even more. So basically, arbitram is one of the cheapest chain out there today. So costs was a huge issue. But the cost of gas is no longer an issue because of the dungeon upgrade. So what Myx has managed to solve is that we have came out with our own sort of matching engine, what we call matching pool mechanism or NPM engine. So basically it's a variation of our order book system in a fully decentralized manner.

Efficiencies in Matching Mechanisms

So instead of having as a legacy all of the DeFi protocols, we tend to love using liquidity pools to serve as counterparty to the users positions. Whether you're landing protocol, you'll be landing against the traders. If you're a swap protocol, then you'll be the counterparty to the traders on the other side. So this basically was fine until prepdex use case where you sort of have to solve the capital efficiency bottleneck. Otherwise you'll be charging a fee that's too high in a setup where the users have to use leverage. So to give a contrast, if the users are using 50 times leverage and you're charging them ten basis points per trade, obviously they lost 5% of their principal when they opened a position, another five when they closed it doesn't make sense.

New Strategies for DeFi Trading

So what we have managed to do is to come up with this new matching point mechanism where the pool is no longer serving as a counterparty to all of the trader positions, but only assumes the net difference of exposures while acting more as intermediary rather than counterparties between the actual traders. So with this model, we are actually offering centralized exchange level fees and no slippages at all for the traders while maintaining 100% decentralization. So right now we're offering the lowest fee on Moix. It's actually 1.8 basis point if you're a taker, and negative one basis point if you are a maker. So that is the lowest fee that is available on chain today. So that's one of. I think that's the most important issue that we have to solve first.

Future Directions and User Experience

So I think there was another question about the exciting things that we look forward in the coming months and years. I think there's a couple of things. One is to providing more value to defi users. Like I said earlier, we have a specific group of people, these are DeFi users. So we have tried to define their needs more and more as we operate. We think trying to lower the opportunity cost is important. So basically we're trying to introduce or include more collaterals like the rest, taking tokens or your saving receipt from a lending protocol, so that the user can capture as many opportunities on chain while also maintaining the exposures that they had to give up in order to invest in these protocols, namely the bitcoin and Ethereum exposures. So that's one of the three things.

Enhancing User Experience

The second thing is we're excited to reinventing the user experience of perpetaxis. I think it's time now. The users, when they're using a prep Dex, they should no longer worry about having gas in their wallet. They should stop worrying about signing ever transactions things that's really stopping the users to enjoy the trading experience. They have to go away. So basically, we are coming up with a solution to make that entire experience new. So the last thing is to really starting to onboard web to users with mass. So we're coming up with cloud wallets, where users can set up a wallet with their phone number or email address and start trading right away without having any gas in the wallet at all.

Closing Remarks

So these are the things that we look forward in the coming months and years. Thanks so much for handing it back to the host. Yeah, thank you. Thanks so much for breaking that down. And some amazing things you guys are working on. Just before we move on from perps, Texas and on chain trading, do any of the other guests want to respond to any of Ryan's thoughts or comments? I think he touched on a number of really important points. I mean, ultimately, we're looking to offer the best user experience, and with that does come a lot of refinement and improvement that still needs to happen.

Arbitrary's Support

And that is also what arbitrary has cultivated. So it's allowed this expansive, decentralized finance ecosystem to blossom because of that mentality and because of the mutual support and things like grants programs are only a minor aspect of that. It's really more the underlying support at the moments when you need it that allows everyone to flourish.

Commitment and Know-How

Yeah, let me jump in here. Before, before I ran out of things to add, you guys basically cover a lot of things. I think with arbitram it's all about two things. One is commitment. So basically they're committed to long term support to the ecosystem system and the projects. I think that's huge, because with some of the exits system, they could be doing really great in a while. But then they sort of drop off as they move later in their stages to either stop building or stop supporting their projects. That's the first thing. And the second thing, I think, is know how. So basically, these are the bunch of guys that understand defi super well, and they know how to help the projects to grow and what it matters to users, and they will help you and guide you through, the process. I think these are the two things that, two things that I wanted to add to, whatever they have.

Radiant Capital Overview

Said, love to hear it. See, it was much better to come from their mouth than mine. And now for the negative. No, I'm just kidding. When splashing. hey, Isaac, you said don't shield time, but, I think we'd love to hear a little bit more for those who don't know about radiant capital and exactly what you guys are building. Yeah, absolutely. Absolutely. We'd love to do a quick run through. So essentially, radiant is one of the leading lending protocols on arbitrum, built and leveraging tech from layer zero. And the vision at Radiant was always to offer a seamless lending experience over many chains, so that people really didn't have to super be super understand what was an l one and l two bridging, and they could still move their assets from one chain to another. So deposit one chain, borrow on a different chain even repay loans on our third chain. We are currently on different chains, but arbitrum was always our home chain, and they're live from day one.

Radiant's Unique Proposition

And the unique value proposition that we have at radiant, because of course, there are many other lending protocols on the different chains, is to one share protocol fees with the users. So essentially what you can do at radiant is you can deposit and borrow, of course, and have some competitive rates for the assets we support, then you can provide liquidity in the form of, for example, radiant eth. That depends on the chain. But on arbitrum, it's radiant eth. That's an LP pool, a liquidity pool. And if you provide liquidity from the first dollar, you start getting protocol fees. That's paid in blue chip assets. So it's not crazy assets, it's not only our own asset, it's blue chip assets. So that's paid out in bitcoin ETH stables, depending on the chain. We've even reduced the bucket of tokens, so it's even less tokens to be more focused on the really blue chip assets.

Boosting Protocol Fees

So you get protocol fees as soon as you start, as long as you start providing liquidity from your first dollar. And then if you provide a bit more of liquidity, a bit more skin in the game, and that's not a lot. So it's only 5% of your deposit. So if you deposit $100 and you put more than $5 worth of liquidity, so it's a very reasonable threshold, you not only start getting protocol fees, but you unlock a boost in the form of radiant emissions. So on top of the base deposit rates, on the base borrow rates that you're having, you have a boost of RDNT emissions. So that is, in that case, our native token. So that's in essence the TLDR of radiant.

Radiant Innovations and New Markets

So you can deposit and borrow, then you can provide a liquidity and start earning protocol fees and blue chip assets. That makes us already stand out in the lending protocol space. And then if you put a bit more skin in the game, 5% with respect to your deposits, you start unlocking the extra juicy boost of yield in the form of RDNT tokens. So that's radiant in a nutshell. But what we've recently introduced, apart from launching a new chain, of course, adding new assets, is we wanted to tap into those more degen users, or users wanting to have a more risk on profile of assets within the lending protocols. We always wanted to include to our core markets, only blue chip assets.

Radiant's New Offering

So as I said before, bitcoin ETH, lsts, lrts, stables, the top assets that we all know. But we also wanted to launch something for those wanting to trade and operate with meme coins, with maybe smaller lrts, smaller assets which were following hot narratives, which were hot at the moment, but which we could not include into our core markets. That's why we recently launched, that's over the summer. So pretty much two months ago, we launched risk. So that's our isolated markets radiant innovation zone. That's RISD. We wanted to rise up crypto, and hopefully everyone can tap into risk, jump into the new offering, and check out for themselves the new assets that we are offering, of course, on arbitrum and on our other chains.

Accessing Unique Assets

And people essentially can deposit and borrow assets which are normally not found on other lending borrowing protocols. And after all that we've heard from the perp exchanges that we have here in the show today, we also offer longing and shorting of those assets. Think assets like meme coins, lrts, lsts, smaller cups, hot tokens, eventually AI tokens, eventually RWA. So all the hot narratives of crypto condensed into the top protocols, the top assets of those narratives, those will be available on Res, and many of them are already available on Res to go and trade, go long, go short, or only, deposit and borrow them if you want.

Competitive Advantages

So that's not available elsewhere. Normally we are more competitive than other platforms where you can go and long and short manually. We offer one click strategy. So it's super easy. You just one click that will be live very soon. You only one click and you go long or short with the leverage that you want for those assets. So that's essentially what radium wanted to offer core markets for those more keen on blue chip assets, sharing protocol fees with the users. And now very recently on all our chains, we are including and we are launching those more risk on assets, DJN assets for those wanting to go long or short with those assets.

Wrapping Up with Radiant

Back to you. Hopefully that painted a good picture of what radiant is. Isaac, brilliant arrears, I love it. Well, it wasn't me who came up with the name, but people are loving it. And we have a galaxy campaign for those interested to go and get some XP points. So you can check all our socials. No more shilling time. You can check it in radiant capital. Follow us on XDev socials and you can check everything regarding our risup crypto galaxy campaign and all the offerings that I was sharing with you guys.

Closing Remarks

Awesome. Thank you, Isaac. Hey, so this brings us up to the hour mark. So I think we'll probably close things out. Closing's out now. Just wanted to say a big, really big thank you to everybody for joining. If you're listening in and you want to learn more about arbitram and a lot of the projects that we learned about tonight, I do go into the Okex app, go to the Discover page, and you'll find the ecosystem hub. In there, you can find quick links to all of the projects that we just talked about, and you'll be able to learn a lot more about them from the security of the Okex wallet.

Final Thoughts

Real quick. Show time. If you don't have the Okex wallet, please download it. We've just completely revamped it. You can access millions of tokens from the Okex wallet app. Here's a stat for you. 120,000 new tokens become available on average weekly on the Okex wallet for trading, which blows my mind. It supports every major network, of course, including Arbitram. But there's over 100 blockchains supported now. And most importantly of all, it's free to use. So Okex doesn't charge a fee across everything on the wallet. So please do go check it out and let us know what you think.

Missed Moments

Wait, wait. Facts. Hello. For maybe five minutes. I think we left out EY from Pendle. Oh, ey, I'm sorry. No, it's okay. Dude. So sorry. I thought we covered everybody. My bad. Please go. I'll just do a quick one. Thank you. Yeah, so, hi, everyone. So, for those who are not familiar with Pendle, just a quick introduction of what we do.

Pendle's Offerings

Essentially, we are a yield trading platform. So what that means is that we allow users to come to our platform to trade yields. So we take any yield bearing assets on top handle, and then we split it into two different components, which is the yield token, which accumulates the yields and points. And on the opposite side there is the PT tokens, the principal tokens, which represents the principal token. Essentially what users can do when they come to pendle is that they can either leverage farm by swapping for YT tokens, which is a very popular move for those degen users out there who wants to farm points in the most capital efficient way.

Pendle's Functionality

And if you think that the current points market is too, is to heat it up, you could then you could instead get the fixed apy by swapping for PT tokens. So that's kind of a high level of what pendle offers. And yeah, I think we've been on arbitrum since early last year, and that's probably one of the best experience that we have made because by joining arbitrum and because of the reasons that the various speakers have mentioned just now, whereby there's a very strong defi community, there's strong support from the foundation and the relatively lower gas fee price help us to onboard the first wave of retail users to try out what yield trading is like.

Pendle's Experience on Arbitrum

Because bear in mind, back in early last year, the concept of yield trading is still relatively unknown. So we are very grateful of the support that arbitrary has given today. I think arbitrum is still, we are launched on multiple chains, but arbitrum is still the ecosystem that gives us most of our trading volume just because of the strong community that we have at Arbitrum. So, yeah, so that's a quick introduction from my side.

Explaining Yield Trading

Awesome. Thanks. Hui. Hey, yield trading, I think that might be a concept that's new for at least some of the OKX community. That down a little bit for us. Yeah. So essentially, let's pick an example, right? So the, let's say Ste est Ste provides users to stake their eth to get proof of stake yield, which is around three to 4%. Now, if you feel that the yield can be higher in the future, what you can do is you can swap for the yield tokens on Pendle, and that gives you, that allows you to accrue all the yield component till maturity.

Yield Speculation

So on the other hand, if you feel that the yield of Ste is going to go down, what you can do is you can fix your apy by swapping for PTs on Pendle. So essentially what you're trying to do is you're looking at the yield of a particular asset and you're trying to speculate whether it's, you think that it's going to go up or go down in the future, and then what you can do is you can represent the position on Pendle.

Conclusion

Nice. Thanks. Ey. Yeah, and I think you guys, I was looking at it like $2 billion in tv ad or something. Unbelievable numbers. So thanks. Thanks UA, for sharing. And so sorry for missing you out. Great to hear from the Pendle team, of course, and a big thank you to everybody who joined tonight. It's been great to learn a lot more about arbitram and a lot of projects that are building atop arbitram. Wishing everybody a great rest of day. Really hope shreddy touches down safely wherever he's heading in the world.

Farewell

And thanks to everybody for tuning in, and we'll see you soon for the next episode of Friends. With Okexe. Thanks, everyone. Thanks. Thanks very much. Take it easy, bet. Have a great day, everybody. Happy trading.