DeFi 2.0 & The Meta - TOKEN2049 Dubai 2024

good awesome right yeah hey on my name is meow I'm from Jupiter meow you're welcome what you use it for what you use it for okay you know what for the air drop like I thought it's going to cycle to swana or whatever and stuff but I got people use for iPads and I peners and like pay the girlfriend bills or whatever it's [ __ ] amazing yeah all right any meow I'm here talk about something The Meta Okay cool so first of all like what is Jupiter right um well at Jupiter we kind of want to build the best on chain uh training platform right for users deaths and projects um so we are the most used uh Dex platform across all chains um and yeah pretty good um and uh and kill one yeah yeah so in q1 224 we did 78 billion in like spot volume about 31 billion in like perss and about 3 million unique World in USA so far um and we have a very comprehensive product set right you know from SWAP limit order VA and DCA and perss and our own launch pack as well so um some key product highlights so we matis the most powerful and like most faster stion Define uh LG the first are end to end Community Driven and the S history right and we also have the DC crypto right cryptos like first use dollar averaging implementation and people love it they use it for everything right from [ __ ] coins to awesome coins to mem coins to Soul everything um we also Prov extremely comens infra structure for Dash from apis to Vertical sdks to some primary systems and we probably the most integrated platform in defi today right if you're a wallet or your a defi application or your website that touches sa in any way you probably have use one way the other U we also the most act in crypto you know we about 270k voters with a high ipation active debate and most importantly a feedback loop right so our our community argue a lot fight a lot learn a lot right and it's actually really great because I think the most valuable thing can have in crypto right it's a learning community you know and I think we have that that's great um yeah and then um so all that all the users everything right so it's like we're Power by a Comm of cats right so I think you know we have a I think I kind of see it this way right we have a lot of awesome users who give us [ __ ] and take our [ __ ] you know give us lots of great feedback every day but Dow the most lik down in crypto we have a great team the most cats and a work Group which are teams of like really awesome ecosystem leaders who um you know who lead a community and our credits who are like the most like um helpful help positive and amazing community in crypto um yeah and also there's this amazing Community subculture called zero boys who are like the who are like Navy sh of crypto right and then the Jupiter Community as well so um yeah I think here talk about kind of a long-term mission for Jupiter right and we call kind of call it accelerating The Meta right so um question is like what is the meta so I think the meta is like the state of the world right where decentralized Financial technology deeply embed in everybody's lives and we believe that it's actually a world where everybody uses like decentralized Financial systems daily whether for payments or remittances and everything and there's decentralized market right for anything they need right Forex bonds and everything and importantly right they also use decentralized money right for their Capital needs uh if they buy a car if don't start a company they do a loan they just decentralized money I can't we kind of obviously we are kind of very far from that right how many of you do that every day um but I think that that's actually the real end go crypto you know it's a world where average actually uses crypto not just owns crypto in in in that regard right that even if the whole world actually owns Bitcoin by ETF it's kind of pointless right I mean everyone might own Bitcoin by ETF but we have gone nowhere nearer to like you know the the goal of crypto you know yeah so that's what I care about and that's what we care about Jupiter um so how far along as a how far along are we as an industry um I think we have proven a few things right I think firstly have proven that we actually have created immense value with the centralized Community I mean $2 trillion and actually Min coins are amazing right it's like you start a community you have nothing but a Simba and a bunch of cats you know and they buy it and suddenly these coins like worth like 500 million billions right I think that that really shows that you can create immense value with communities and secondly you actually rebuild core Financial prage right with financial systems uh whether it's like a markers or Ps or Landing systems we re them from scratch with decentralized systems and actually importantly we also completely um you know have Global decentralized collaboration with no centralized at all we don't need wec anything to kind of guide us along and it's actually a bunch of like cats and dogs and apes and monkeys coming together you know to make things happen purely on the idea of decentralized communities repetition and decentralized code and yeah I think where we going with do the S right we have cats that's how we say it yeah um but I think we're still far off right I think first of all I think Jupiter is a pretty you know pretty big project but however I think compared to sexus we are very small right and compared to track five the billions of TR five every day we are tiny right so it's still extremely small and secondly I think D5 is still like extremely accelerated from daily usage you know it's like how many people actually use D5 daily you know even in this room very few I think uh and secondly and thirdly like we are still limit to Virtual as a creation right it's like I mean take for example right a toen um I mean I love jup I think J is amazing I think everyone here a jup but I can't eat J you know right and similar I think Michael saor he loves Bitcoin but I can't eat Bitcoin either right so I think it's I think it's time to actually start expanding crypto from the realm of virtual asset creation into the realm of like into the realm of actually U contributing to like real production as well so I think this what I think we need I think um for us to go to next SE industry right we need three things number we actually need a critical MTH of users to start using the centralized maning systems the third thing the second thing we need we actually need to start using the centralized Market for regular financial needs the Le we start funding real productive Industries with decentralized financing right so I think are three critical things I think we need to move on as the industry um so yeah big words right so what going to do you know yeah so um yeah so I think J we announcing the the metha stion strategy right com of three things the GM the gum and GS so I think I'll go through them like one by one um so the first one is the it's called Great Migration right that we want to kind of migrate the m to using the centralized Technologies and you know I think we talk about I think we talk about this a lot obviously right I think most people talk about social F or gamey as the main thing to to drive the adoption we we we don't think so we actually think that it's trading right it's the first use case that everyone actually engages in it's the most important and common use case and the cool thing is that actually most tokens are actually available first on dexas right and that's a really good reason to actually start on boing the message and actually my personal belief is that there a d gen a in all of us right so I think question is how do we become bring it out in the masss right um and also it's important because I think once people start using the centralized trading they actually start being on border into all the use cases that can be on chain right and also Capital the centralized capital is also finally more productive than in like centralized wallet like when the capital is actually in the decentralized wallet it start get use for everything Landing tipping everything whereas in the centralized wallet is stuck there and doesn't get used articulat and and it's my belief that if we actually get enough people right to just start doing D trading we to critical mass other use cases right because things like payments and remittances then critical mass if you don't have enough people actually using decentralized like systems you will actually get there yeah so I think obviously buyers you know but I think Jupiter and start right there's a critical mass of tokens around um it's fast and shap and tribor is already kind of like the most wiely used Gateway for that um but you know we still make it a lot more easier and accessible right so um yeah I think what so the the the our main effort to push this forward right in the coming year will be the Jupiter mobile right so we'll be launching jupter mobile and it will be what we call one CR creating and the whole goal here is to actually make it the most similar place to trade in defi um there are few things right number one three things actually really important the first thing is that zero phase so trade all you want Auto config so we took all the things that are complicated of defi trading right slipage like gas retries failures we took all them out right and to focus on this Auto auto configuration Auto research also really it's also really focused right unlik other un like every other out there is really focus on salana SLAP and onramps and so I think by dramatically lowering the um the barrier to entry for actually using the D trading I think is going to be really important right because you can start from the dent trading and go Gateway into like infinite number of use cases yeah so I think you know I think for for us right I think if we can if you manage to onboard tens of millions of users to the trading it will be the first step to getting a critical M of users onto the meta right and jupter mobile will be our main like initiative to do so yeah all right so second thing is the gum we call a Gant unified market right and the goal here is simple we're going take every single asset and put them into one single state machine so now imagine a world right imagine a world where highly liquid assets right for like Forex and stocks rwa mcoins Bitcoin everything right all in one state machine and you can transa across all of them in a single in a single transaction in a very fast and cheap way and that in manual is like the ultimate dream of Finance right and actually over here it's actually important to understand that um there's a big difference between this the current conversations of RWS and everything and what we're talking about here because assets are not enough right you you actually need markets you highly liquid markets for these assets but markets are not enough as well now imagine you have a highly liquid Market in Siberia okay a market in Kenya a market anartica right it doesn't work what you really want is that you want all these markets in one place and to be easily transact across all of them now and this is actually impossible to do tradition markets right tradition markets are op isolated and uh you not transparent you can actually trans across through them and and get K but you can actually do it in the open decentralized world right and the very very cool thing is this right this is happening today already so soana is actually the a single message State machine right with that allows composability with a trieval cost and you know what and jup is really really good at allowing users to transact across all the markets automically it's already used by lots of people so I think um so yeah so you know if you are a if you are assert you are Mar saana and index on Jupiter right you're already Atomic composable and accessible at millions and that's really [ __ ] cool um but obviously we're not there yet right you know this need Bo strapping so today we announcing the second main initiative that we have which is um we call it the gum initiative right so the whole goal is simple we want to kind of bring all the assets on the so right index Jupiter allowing all the assets to be easily accessible by millions if a single click by any token yeah so in this that in that regard it's actually pretty cool because you can go to the fil airport and then use bong and get pel right you can go to Dubai here get a Lambo with when you know or you can even donate to Joe Biden with bden coin you know so all those like it's actually really cool because like all these crazy ass things that you wanted to do highly all in one single place you can actually do it right it's actually not that crazy okay yeah and and that's what G want to do so to kick that gum right we actually have a we actually have brought on a set of like really awesome Partners right ranging from like rwa providers like Vaso and open dinaro all of whom have committed to Bringing uh the the RW on son okay and then uh secondly also like a set of the most like awesome market makers around Cumberland winterm DWF uh and also obviously um a number of like extremely s align like um our projects right including the foundation thes asymmetric and my best friends um Ali down so I think um um we actually looking for like a lot more great Partners to um to bring on assets and set up markets and dve adoption together and um but honestly this is not that easy okay this is not like a mcoin right mcoin you launch it it boom it dies never mind right all every single bringing on access to a network requires a lot of patience and energy and everything and like you know Al incentives adoption and awareness so I think the good thing here is I think Jupiter is um I think pretty well placed you know to actually really um behave a long term and drive these things out so I think yeah and what's important again I think um you know if we manage to build this giant UniFi market and actually make it accessible right at trib cost I think we can actually make crypto far more useful right so I think finally one day we can tell our friends that hey you know crypto is actually useful yeah um yeah and the third thing the third the third major initiative they working on is called gdsc right uh the global D exchange and the the the point is simple we actually want to do one simple thing we actually want to help offchain companies L onchain yeah and why actually to me I think um crypto is good at three things right number one crypto is good at global financing creative character from and Community forming so if you are so if you are a company I think those are things you need you want to get financing from all over the world you want to form you form capital on your own terms and actually want to get a great community and and actually that's actually what many companies around the world don't have right especially those not in the west right all over the world they don't have access to traditional financial markets right and so we want we want to do it for them we want to kind of get we want to allow them to access onchain capital and also I think it's going be way more fun right guys think about it if we actually can actually get the whole world of onchain so just start financing offchain stuff it's going to be [ __ ] cool you know and actually that's that's actually a lot so uh and Jupiter brings a table here right I think we have have extensive experience with like Capital formation and chain um uh we have a lot of we we probably one of the most connected communities and ecosystem around and we can do a lot to drive the awareness and adoption for all these projects um but obviously it's not easy right because you kind of need a new we of trust you need a you need companies to actually trust that this is a good place to go you actually need a whole new offchain network Le who are able to um who users trust and can stick the ass on chain right you also need you also need a listing venue with awesome like processors and everything that's trusted by the community so I think uh it's not going to be easy I think it's going to take just like the gum right it's going to take time to form and everything um so I think um today I think the main way get started right is that we want to do a GDs pilot right in24 and then we'll be looking for two offchain companies to support what onchain listing yeah and then I think it's going to be important start to free out the the the require trust and then so I think if anyone here is like interested in like a you have a offchain company like you know you make you make awesome things or you have awesome Community you you sell awesome things right uh we check with you you know want to see like um how we can actually start connecting the the off world production assets and actually the on the onchain world financing yeah so yeah I think it's important because I you know I think if we can do this right if we can actually start to finance actual offchain production industries we can actually greatly expand the scope and use crypto I think it's going to be great so anyway in summary right um this is the mea strategy you know we believe a lot in like driving the IDE of dis systems markets and capital right and and we are embarking on a three key initiatives right whether it's the Great Migration or building out the the uni Market or the global change right so we have to actually do all these things to drive the meta forward so and to give a boost to all these efforts right I think um yeah we also announcing the the Jupiter meta acceleration fund right um and yeah so to to really give a efforts and yeah so the the the fun will do three things right number one the fun will actually Drive Mobile adoption to reach critic of users the second thing is a giant market and thirdly is that you a to Kickstart the global decentralized exchange um so the J comes from a strategic Reserve managed by team and we think that if used effectively we have a tremendously positive effect not just for Jupiter but for crypto as well and uh as if any like C fund is actually not easy to use it so we are looking forward to kind working with the community ecosystem to kind of figure out how to use the best yeah so timelines are this right so we have three initiatives uh and the the the the mobile the gum and the GSC and the fun will all R in the H2 of 2014 uh and testing discussion and brainstorming with over like April and June over many many town halls and spaces and uh you know I think I hope to write a meta paper by May yeah I think that'll be cool um so anyway in summary I to like why why do we do all this right why don't just be in Dex why don't we just be a good boy and you know to be Dex right why do all this um and um and this answer is quite personal to us right but we we do actually think this is we think that Finance is the operating system of the world and in many ways right Finance is actually the ultimate allocation of like resource allocation and and it's still I mean we we we can say all we want about how great crypto and defi is but the truth is very simple Finance stent is still extremely centralized right there means a very very small group people control group agenda right of what wars to fight what projects to fund where people should go to and everything and we don't think it's good right we think that it's actually really important to decentralize finance right and the way you do that is by leveraging a cost strength right earlier in the call talk I kind of cover on some of the key key qualities of like de centr systems de markets and capital and why they actually um why they actually in some ways much better than centralized systems right I think and then that's how we do it we we we we we look at the core strength of the centralized systems and we say hey how can we actually leverage on those strengths to create systems that impossible you know to achieve and Central system and we go for those things yeah oh yeah and I think that's what the matter is all about you know I think the matter is all about like you know like to us I think it's all about like decentralizing the call Financial rules you know and creating a world where everybody actually using crypto using decentralized systems for daily payment remittances company funding everything because when we actually get there right when get to a world where start using these things we start returning the power of Finance to the people right and and and that's kind of what I think Tim here for you know again not Bitcoin ETFs you know because because in in some sense Bitcoin are the worst because they actually return the the the Genesis asset of crypto to the central systems right so I think we're all about the other way you know how do we kind of take the take the cor reals and bring it to the people that's what we're all about yeah so in summary I know crypto needs to 10 as a users and high as a liquidity and DOW as a scope right if we don't do so we'll always be stuck in a tiny Loop whereby we can't even answer the our friends why crypto is useful you know yeah so I think that's the thing I want to do and you know let's figure together yeah that's it thank you