Truflation - The Future of Real World Assets on Blockchain: Synthetic Solutions

so I wanted to call this presentation defiant versus the compliant but then I was told not to talk about that topic and I'm going to try and keep you awake and keep you excited in this dark room and keep you entertained and what I'm going to talk to you about is what we've been working on is a protocol called inflation uh um true flation and what we've been doing is trying to aggregate prices in the real world and bring that to the blockchain and then calculate one of the most important metrics out there which is inflation we today I mean you can read the numbers here so I'm not going to talk about it too much but we track 80 we have now about 80 different sources we track about 20 million items and we have three price feeds per item to ensure accuracy reliability associated with the price feeds that we bring to the blockchain why did I do this why did I get launched into this I was formerly the CEO of bitcoin.com and we launched that we got that to 20 million wallets we had 500,000 Merchants accepting Bitcoin as payments and then the government told us shut the economies down and told us that inflation is transitory so you've just shut my business down printed trillions of dollars and told us that inflation is only trans atory and I didn't believe that so A team of us got together and built a protocol that would track what is true inflation or true inflation and as you can see inflation was not transitory if you were in the UK you lost 40% of your purchasing power in the last three years 40 in the US it's nearly 30% so you're losing losing a lot of money if you keep it in Fiat a lot of us don't live in the Fiat world we live in the crypto world you most of us have anywhere up to 90 99% of our assets all in crypto and so that doesn't matter that much but for us it was an important metric and we felt that we needed to track that and so we did that and we continued to do that and what I couldn't believe is our first customer base came from Wall Street from hedge funds from trfi why because they all have their Assets in Fiat and they used our numbers to track the performance of the government and so they were using us to predict where the markets were going and so we started going further further down that path in prediction where and what influences the cost of living and what influences the cost of living is the price of commodi ities the price of real estate the price of of human capital of people salaries wages supply chain and so we started aggregating more and more data and that led us to becoming an oracle for real world assets and we're seeing this grow in defi in crypto so we heard about options today we heard about salaries being paid you know everybody's more and more you're seeing that grow But ultimately how can we now participate in this ecosystem 1.7 billion people on the planet do not have access to all of the trading and financial services that a lot of the people on stage were talking about how do we make that available to all of these people and so we see that happen and it's not going to happen if we stay compliant because you're going to need a committee to approve a committee to wait for a regulation to then Lobby lobbyists who are going to work with regulators and politicians to pass a a new regulation etc etc which is going to take years and I think all of us on this planet want to actually see it in our lifetime come to fruition and let's remember Bitcoin when it started was 10,000 Bitcoin a pizza today we've managed to grow this industry to $2.3 trillion not only that we've managed to actually generate in 12 months $1.3 trillion in Dex trading SO onchain trading and this is becoming a threat to the traditional world and I think that's what we're going to see grow even more you're going to see more synthetic assets and Innovation roll out faster in its synthetic form and we've already seen that with synthetic ethereum with synthetic um with synthetic real estate with um and synthetic Commodities you're seeing gold being tokenized not just in the form of actually having physical assets but in the form of synthetic carbon you know in synthetic uranium which is just taking the price of uranium and then building a synthetic token associated with that and we're going to see more and more of that and we are going to help drive and grow that and we've started doing that leveraging our core competency what is our core competency it's building and calculating indexes and putting those onchain and allowing onchain participants to help compute and govern those indexes so there is no one bad actor that can change oops that can change and manipulate these indexes because a lot of people bet a lot of money the biggest index in the Fiat world is tracking six $5 trillion worth that's one single index the index the synthetic index on chain will be greater than $1 trillion dollar by the end of this decade and I'm just looking at one single index in the Fiat world and taking that as a benchmark and so this industry will grow significantly where are they going to get their price feeds from who's going to help them with calculating that and then who's going to ensure accuracy and governance associated with that calculation and that is what we're trying to do and you're seeing that also in the form of synthetic ETFs coming to Market Black Rock just announce one but it's only permissioned you have to be a $100,000 you know uh accredited investor so only certain again limited people can participate in that how do we open this up and we can do this today and we'll be bringing these types of products to Market with selected partners that are helping and trying to grow the defi ecosystem system now we all heard of synthetic dollars this is the stable Summit why is this guy coming here and talking about an Oracle and triflation and inflation because inflation means stability in my wealth how can I hold my wealth and keep that and I need to keep that in a form that I can also use and so we're really keen and excited we launched new one at stable Summit last year in Paris and today we're anouncing our sort of V2 where we're improving on that we've taken all the learnings from the first launch and taking that into the second launch why because we need flat coins what is a flat coin a flat coin is a stable coin that is pegged to in inflation so you're protected against inflation the Big Mac will cost the Big Mac today in one newon and it will be in one newon again in 3 years time no matter how much it is in Fiat has been rebased and you can then purchase it at that same price but in order to do so we've identified some flaws in version one it needs to be yield bearing and people need to expect that and how and where does that yield come from if you cannot explain easily and quickly where the yield is coming from the user feels the yield is coming from them I am the Y source of yield of the yield that's being generated from that coin or from that asset or from that investment or from that utility and so what we have to do is very clearly identify how that's coming it has to be secure I have to be able to deposit mint redeem or even sell instantaneously without any issues problems delays and then how do we earn additional reward we all are not happy with just covering inflation because we all know that inflation is just Consumer Price Index it's the cost of a Big Mac it's the cost of the trip to get to to Brussels but in order to generate wealth I need to cover asset price inflation and asset price inflation is the house of property is about generating wealth how do we do that we need to beat The Benchmark that is provided to us by Consumer Price Index and today if you think about it we're running at about a CPI of 1.

8% according to True inflation and asset price inflation though is up in the 12 13 14% so we need to be growing our wealth by that amount at least we're lucky we're in an emerging industry that is generating in good years um way above and beyond that amount and so we all wait and hoddle through the dark years to cover and hope that the good years make up for that but those are things that we're looking at and why again do we need this in cryptool land all of you have stable coins and all of you hold on to stable coins but those stable coins are being depreciated and if you look here you most of the stable coin 99% of stable coins are in US Dollars the US dollar has been going through 24% aggregate loss in value in the last three and a half years years how many people are in a dow working at a dow here how many people are managing treasury how many are wealth managers and if you're a wealth manager and not taking care of this and you've got your assets in crypto in stable coins a lot of treasuries we talk to have up to one year's worth of Opex in stable coins and those stable coins are depreciating over three and a half years by 25% that's a lot of money that you're losing and a lot of purchasing power so how do you deal with that and so we built newon and this was the reason why we addressed this Market how does it work we use obviously true inflation as the source of Truth and what we do is we ensure every single new on holder is protected by inflation how are they protected by by that basically through a rebasing technology and I'll come to you how we're generating the yield but minors so people that help generate and create more Nu on are rewarded with new Min which is the governance token and the way and how we Source these yields are coming it's coming from I mean basic risk medium or risk lowrisk yield assets or yield pools or liquidity pools that we're going to be using and deploying the funds in there your state newon will always allow you to redeem your US dollar so you can redeem your US dollar one to one anytime um and we have three mechanisms that secure that you have a treasury buffer which is basically your warm hot storage uh that you can go back and redeem your money through um we have a back stop what is a back stop a back stop is in the event inflation is higher than the yields you're generating how do you cover for that the back stop has a pool of funds that are in inflation ready assets tokenized oil tokenized real estate tokenized gold tokenized maybe even Bitcoin as a compliant tokenized S&P 500 all the assets where people put their funds when inflation is high and then ultimately the last sort of that's my bell or is that the Bell church bell outside um yeah anyway so the last level of is the governance holders ensure the holders there for that so that's one other thing what do the governance holders do they participate in ensuring all of those benchmarks that are needed out there from the mint cap to the treasury buffer Vault weights veto rights to specific vaults and how much of the funds and the yield go to to the back stop and so that's really newon that's how it's worked you can go to the website read the white paper check it out over there and we've built all of this because we think this is the choice of the new generation and we need to continue to build on Defi and motivate people and excite people that this is the most exciting time to be alive and this is the best place to be working in in crypto so thank you and the bells have told me to go so I'm going to leave you all thank you very much