The Post-Human Stablecoin Era - Renç Korzay, CEO, Giza

great hello everyone um we're going to kick things off into like a a different gear so far we have been talking a lot about like protocols and efficiency and new protocols being built to to basically work on stable coins I'm going to introduce a new Financial species to you that is going to you know change how financial markets work as we know it and we're going to talk about the impact that it has on stable coins and stable coin yields and the opportunities that it brings to different typ of users from retail to institutions to protocols to dolls and everything else in between we'll start off with a we'll start off with a remark perfect um where I think it's time to acknowledge that today's financial markets have exceeded what humans are capable of pulling off today's financial markets especially in Defi and especially in stable coins they require 247 monitoring they require extremely diligent calculations and they require you know fragmentation of levels that we have never seen before I'm sure many of you seen this meme that has been used over and over again to kind of explain the complexity in blockchain in Defi and everything else in between I think this reflected where we were in stable coins couple of years ago where everything was nice and clean you had usdc and usdt and um you know the the decision was tough between them but it was a pretty straightforward decision since that moment there has been so much Innovation and there has been so much sophistication introduced to the stable coin markets that I believe is time for a new meme that's kind of like depicts where we are in stable coin markets today and it's this one you have so many things to consider you have ssde you have colonization ratios you have countless protocols countless chains and it's impossible for a human to keep track of all of the new opportunities that are arriving and the risks that are coming with it so at this moment it is time to innovate on these financial markets and speed it up bring Financial acceleration as we like to call it in Giza and go towards a new Financial structure where there are no humans executing on the markets but the humans are putting in a orchestrated position where they are better at and try to press all these buttons at the same time is getting more and more impossible so what we offer Giza at Giza this Giza is the infrastructure that enables autonomous financial markets that enables a new paradigm where you know intelligent machines are taking all the decisions for you given you are providing your risk parameters your risk appetites and everything else that you want your personalized treasury manager to do I'm sure you heard a lot about agents in the past few months and even in this in this conference and so far all of the conversation around agents has been more speculative you have seen a lot of chat Bots that are not really agents it is time to introduce an agent that we have built which is the First Financial autonomous agent in web 3 and luckily for the concept of this event it is a stable coin yield optimization agent it's called Arma and Arma allows for 247 stable coin yield optimization across multiple Landing protocols so you no longer have to go to a or Moro or understand their intricacies their impossible user experiences their mechanism design or sign 30 40 different transactions to go from A to B you can just fund your Arma agent and your agent will take care of everything for you so Arma has been live for a few weeks and there are some numbers that I would like to share that gives a a little B more insight to what Arma does and how it does it okay uh 14,000 agents deployed there are currently 14,000 stable coin yield agents out there on base ecosystem that is looking for stable coin yield for its users the 14,000 agents number is directly one to one to our user base because every single person when they go to to armod XYZ gets their own specific agent that is tailored for their size their risk preference and it only executes for them so we have built a generalized purpose product which is stable coin yield optimization but it serves every single individual in a personalized manner what does this mean for example if you have 20K in your Arma agent and I have my 500 bucks first of all this money is never mingled together so it's not a vault-like system and the strategies that Arma identifies for your 20K is very much different than the strategies it identifies for my 500 bucks so it will never take your 20K to a pool that has a depth of 100K for example because it understands Market impact and it understands that it will not be profitable for you this personalization this individual personalized treasury managers is something we are bringing new to Arma in two weeks since we launched on base Arma is currently managing close to $700,000 in stable coins it is conducting this Capital across multiple protocols it is executing flawlessly and it's always putting the users in more and more profitable positions there are users who are using Arma with 150k there are users who are using Arma with 200 bucks the most important thing is that Arma conducts each user's Capital individually but it also has an understanding of market equilibrium so it understands managing the $700,000 both at an individual level and at a total level so there's a point for example moving all of the money to a morphal will not become profitable for the people who are there already and for all of the people that are going to go there so Arma understands these limitations and takes actions accordingly Arma has created and executed more than 27,000 transactions that required zero signature from humans zero input from humans and most importantly and Incredibly all of these 27,000 transactions are 100% profitable so what we have built is an agent that doesn't lose money and it's always looking to compound your stable coins Arma has an optimization engine that takes into account two variables one of them is the profitability so it takes into account the APR of a given pool the ecosystem rewards and protocol rewards that are distributed on that pool and it combines that with the cost variables that makes defi defi these variables are super important variables for profitability that agents are great in understanding but humans really suck at taking into account these are gas cost slippage swap fees Market impact and everything else in between and only once the cost is Justified a transaction occurs and it has created and executed 27,000 of these transactions with no fault the next number is probably the number that a lot a lot of people care about the most Arma as an intelligent agent looking for stable coin yields is simply better than anything we are able to do as a human this 83% higher yield is coming through back testing that we did over four months period comparing ARA's performance to aesthetic position position that for example comes to base and leaves their capital in a for 4 months and we compare that to Arma continuously optimizing that Capital leveraging every single opportunity that it comes across and making sure the user is always put in a more and more profitable position and that yields close to 100% more yields simply put uh agents are better at doing these things than we do besides users there are a couple of other stakeholders that we serve uh one of them is institutions and treasuries and the other one is wallet providers so for both of these uh parties we offer non-custodial and non-custodial is super important safe automation of on chain strategies so when you go to armor. XYZ and when you connect your wallet there's automatically a smart account being created for you and the smart account allows us to decouple the management of your funds in your wallet and the management of the funds that the agent is going to conduct but you have the decision to decide how much of those funds are going to be and you have those private Keys we don't have the private keys and the agent doesn't have the private Keys neither with the personalization aspects we can build many features into Arma with another primitive called session Keys session Keys allows us to bake certain parameters into agent operations that make makes it cryptographically impossible for the agent to operate outside of on another level for the personalization aspect for example for the in for the institutions that we work with we are able to say my institution's agent should only interact with protocols that is a tvl about 500 million my yield spread should be between 5 to 8% my slippage tolerance is 0.1% and I don't want any execution happening above it or my gas cost Toler is 5 cents and I don't want my agent to conduct in gas congested environments all of these things are very much real and very much happening right now in a fully automated manner what we have essentially created with Arma is probably one of the first marketproof defi instruments out there because everybody needs an armor both in bull market scenarios and bare Market scenarios in bull market scenarios a lot of people are now using Arma as an intelligent TP machine where they're in a trade and they take their profit and they move it to Arma and Arma continuously work those Stables while uh you conduct another trade in parallel and in a bare Market when everybody in this room is in a stable coin environment Arma will continuously put you in the most profitable position Arma goes cross chain and you don't have to worry about you know where the best yield is in arbitrum in base in polygon in wherever Army will go and get those Yi for you while you wait 3 months 4 months 3 years whatever it is and your stable coins keep stacking up preparing you for the next cycle there are emerging behaviors of Arma that we have not really took into account one of these emerging behaviors is to Arbitrage between usdc and usdt uh once we enabled usdd deposits in mode Network which is where we started Arma was able to do an Arbitrage understanding that there was a dpeg occurrence in a very Split Second allowed the armor to split between usdc and usdt and make the user three times four times more yield than they would get in a normal environment and we want to go towards the opposite side we can build Arma to be a stable coin Insurance machine where you can come and say my dpeg tolerance is 0.05% and if it goes down there I want you to move me from one stable to the other and armor will be intelligent enough to understand the patterns here whether that's an actual dagging event or just a quick correlation that will go back up um I am out of time um you can go to Arma XYZ and get your stable coin yield yield agent today and it will work for you it will make your yield for you um you can go to giz Tech XYZ and uh follow us on Twitter you can find me around I'll be around for a while if you have questions I'll be happy to take them thank you so much