This space is hosted by TheForgeDefi
Space Summary
The DeFi-focused Twitter space explored the utility of the Palm token, emphasizing benefits for stakers, such as earning rebate fees from platform transaction fees. The token's pivotal role in ensuring real on-chain data through payments to oracle providers was highlighted, backed by upcoming strategic partnerships with industry leaders. Discussions on Real World Asset Tokenization (RWAT) showcased diverse DeFi applications beyond traditional assets, with builders innovating in real estate, supply chains, commodities, and trade finance. The space highlighted ongoing innovation and broad adoption of DeFi solutions across various sectors, sparking enthusiasm and interest in this rapidly progressing industry.
Questions
Q: What benefits can Palm token holders expect from staking?
A: Stakers receive rebate fees from transaction fees on the Palmyra platform.
Q: How does the token support the Palm economy?
A: Transaction fees in local fiat currency contribute to the Palm economy through rebate fees.
Q: Why do stakers benefit from increased platform transactions?
A: More platform transactions result in higher rebate fees for stakers.
Q: Why is the token crucial for oracle providers?
A: The token is used to pay oracle providers for ensuring real on-chain data.
Q: What partnerships enhance the project's credibility?
A: Collaborations with industry leaders in the announcement pipeline boost credibility.
Q: What sectors benefit from Real World Asset Tokenization (RWAT)?
A: Various sectors like real estate, commodities, and trade finance leverage RWAT solutions.
Q: How diverse is the DeFi builder community?
A: The DeFi builder community exhibits diversity by exploring solutions in different industries.
Q: What distinguishes RWAT discussions from traditional financial talks?
A: RWAT discussions in DeFi extend beyond tokenizing stocks and bonds.
Q: How does the DeFi industry contribute to real-world applications?
A: DeFi innovations offer practical solutions in sectors beyond traditional finance.
Q: What fuels excitement and adoption in DeFi?
A: Continuous innovation and developments in DeFi attract interest and adoption across various industries.
Highlights
Key Takeaways
- The Palm token holders can stake on the Palmyra platform to receive rebate fees from transaction fees.
- Businesses using the platform with local fiat currency contribute to the Palm economy through rebate fees.
- Stakers benefit more as more transactions occur on the platform.
- The token is crucial for paying oracle providers to ensure real on-chain data in commodity
- supply chain
- and trade finance sectors.
- Collaboration with industry giants in the announcement pipeline adds credibility to the project.
- The focus on Real World Asset Tokenization demonstrates the versatility and impact of DeFi.
- Different sectors like real estate
- commodities
- and trade finance are benefiting from DeFi solutions.
- The variety of builders exploring DeFi solutions showcases the technology's vast potential.
- Real-world use cases of DeFi extend beyond tokenizing stocks and bonds.
- Continuous innovation and development in DeFi are fueling excitement and adoption in various industries.
Behind the Mic
Yo, GM. Everyone give the space a retweet. Give me a GM. Oh, dear God, give me a GM. There we go. Welcome to the weekly RWA space with the forge. This is a pretty cool collaboration. All right, you got it, right? It's the. It's the. It's the greek letter theta, which goes for theta. So you got it. I put on my frat cap for a second, but then I started to get drunk because I started thinking about college all of a sudden. So I took it off. I'm back here now, and, you know, those. All those tests that I used to take not sober, were definitely teaching me, right, that. That is Theodore. The pinned post guys is, you know, one of the things that RWA builders sets out to do, travis, is like, and, you know, we're trying to get doc up there to talk about what we're building at the forge. So this is like a super awesome thing to see. A powerful, you know, interview with Daniel. Daniel, you know, if anyone was here earlier, was talking about how Daniel was standing in front of a bunch of rice fields, videotaping himself talking about how world mobile or world coin mobile. Sorry if I'm, like, botching that, but, you know, is looking to connect. Yeah, the world mobile team is looking to connect folks in remote locations. Look, I want to stop there. I also, Travis, I know that you have, like, a lot of other stuff going on with, like, the tokenization of mobile home plots of land. If you wanted to talk about that, like, feel free and jump into it, I don't know if you did or not. No, I think we'll save that for the next space when we graduate to some of these other kind of specifics around RWAs, but I appreciate the offer. Okay, sweet. Super. That's totally fine. We could pin it for another time. Theodore, let's kick it over to you and, like, please give us, like, a top down, bottom left, right, you know, synopsis of what's going on over at palm. I know you guys are super, you know, deeply integrated and building a really awesome network and ecosystem over there. Yeah, yeah. For sure. It's my pleasure to do that. And I just want to mention, like, a few things, if I can, before I jump into the Palmyra platform and the whole ecosystem that we're building. It's world mobile. Please don't put the coin over there. Oh, man, I'm so sorry, Theodore. I'm just messing with you. You're good. All right. Yeah. So well, whatever we're doing we're trying to have an impact in real life. But I think you guys, like, make it, like, really the top of the spear in that particular case, addressing issues where you don't see a solution, or you don't see an obvious solution, but those impacts are really significant for people on daily lives. And the second thing I want to mention is the importance of tokenizing stuff. It makes more sense for me, for people who are actually developers, you know, building classically real world solutions. So Palmyra, client and technology and financing solutions is about allowing creation and operation of peer to peer networks to drive finance and facilitate international trade and sustainable development. Additionally, it’s used to provide people with easier access to store or move their real-world assets onto the blockchain. The Palmyra platform uses blockchain to enable tokenization of real-world assets, like basically what is happening across a range of industries and sectors. We use it. And the aim is to power economic zone. Essentially, the zone provides investment readiness, underpinning social environmental schemes, increasing fiscal growth, utilizing untapped economic potential, making all the projects more liquid in a digital manner. It sounds pretty cool coming from an enterprise background. We see it happening. Additionally, I'm trying to tackle logistics or, you know, port operations, and looking at exports. I'm mostly addressing the way, you know, digital economies and trade, finance and supply chains. It's a very well versed and big spectrum, but it's really exciting to see that there's so many different builders around trying and bring their own solutions by utilizing this amazing technology that we have in our hands. Yeah, really good points, man. And it's just something to be aware of, you know? I got a scoot, guys. I gotta. I'm gonna start wrapping the space cloths. I know you've been here the whole time. I super appreciate you sticking around and listening in. Do you have any, you know, closing remarks or are you happy with. I've just been absorbing like a sponge, man. You know, real estate and rwas aren't my forte. So I'm just looking to learn and, you know, pick up what I can from you guys because it's, I think my community as well as, you know, my own interest is very much interlined with seeing, you know, how real assets come into play in crypto and just, you know, seeing innovation happen excites me. You know, I know attention is elsewhere in some certain sectors of the market, but, I don't know, I enjoy learning. So, appreciate you guys putting this together. Yeah, hell yeah, man. And again, thanks for the support. Any, you know. Well, we'll follow up for next week and. And we'll keep this train moving. you know, we can. If you have any questions about how anything went down today, like any. This goes for anyone in the audience as well. If you guys are confused about something or you have. You want to follow up about something, hit us up. Theodore, Travis, you guys are the only ones left over. But all the speakers today are, you know, their DM's are open, they're very approachable, and they are wizards in what they do. So, with that being said, I got a wrap because I got to go to my next meeting. But I appreciate everyone showing up. And keep your eyes open on our page. We're going to launch next week's spaces link very shortly, probably within the next 24 hours. And as usual, take care of yourselves, and we'll see you guys next week. Peace it.
