RWAs, Global Markets, and the New Era of Fintech | Archana, Tanay, Yash, Piyush | ETHMumbai 2026

This is our D5 panel. So with a quick raise of hands, I want to know how many of you just have used taps in general. Raise of hands. Nice. Hi.

Nice. I love it. Let me just pull up my next question. Yeah. And now that everyone's raised their hands, it's the question is for them.

How many of you are excited about the next sort of phase that we're going in where you can buy stocks on chain or trade derivatives like real world assets on chain? How many how many of you have actually done it?

Pretty damn cool.

Yeah.

So, please answer my questions uh in the panel. Yeah. So the f okay before we get started I think we should do like a quick round of introductions because everyone here has been working super hard and when I look through the Twitter profiles websites stacked work so they deserve some recognition at least. Uh hi, I'm Yash. Uh currently the co-founder of co-pilot.

markets. Emphasis on the co-pilot. There's no s. Uh previously uh copilot of markets is a aentic prediction markets companion where you can trade on poly market via an agentic interface. Uh previously I was at I was an engineer at paradigm working on foundry and alloy which are the most used developer tools.

So every other solidity smart contract that has been deployed on any EVM chain is has probably touched my code indirectly. Yeah. Beast.

All right. Hey everyone, I'm Tana. I work as a researcher at Propeller Heads. We build infrastructure so that your swaps execute fairly on chain. And if you do our job right, eventually you'll be able to buy oil on chain for a cheaper cost than you would on NASDAQ.

Love that. Hi everybody. I am Archa and I lead growth at SSV network. SSV is a protocol that distributes Ethereum validation and instead of having all validators run everything on one cluster, you are split across different nodes so that Ethereum validation can remain more decentralized. Um I have been doing DeFi for about five years.

Five years now.

Damn. Damn, that's pretty stacked. Um, so I think for some context build up the there are two movements that are happening in parallel when it comes to D5. The first is stocks coming on chain where you can trade like you can buy spot oil which you couldn't have like 2 years ago. And the second movement that's happening is speculation platforms like Avantis um hyperlquid where you can actually trade real world assets um closer to like the CFT trading that we do uh in trad uh targeted towards y.

So as you've built like so many products that devs use uh in simple terms right when when you talk about things going onchain or like onchain fintech what does that actually mean like if you were to draw parallels between what zeroda and a perex or like a deck say uh a has in common.

Yeah. So a couple of things there. Uh first one is just self custody. Uh not your keys, not your money basically. So on onchain fintech you control your assets on your hardware wallet or any other phone or any other wallet you have.

Uh second is the access to new trading opportunities such as crude oil uh copper or let's say even for emerging markets where hyper hyperinflation is running high. those people can access basically USDC and that serves as an inflation hedge for them. Uh third is just 247 access to markets. So all in all these are the three core value propositions I would say uh that onchain fintech has that tradey doesn't have. And to draw to draw parallels on the zeroda versus a decentralized exchange.

So Zeroda is actually a broker and naively you can put it as an interface to the exchange which is like the Bombay stock exchange or the national stock exchange but a DEX onchain is the DEX in its entirety. So all the trading logic it's completely onchain and in most cases verifiable and open source.

Yeah. And I think u all these ratfire giants are now sort of insecure anxious and also moving to like 24x5 uh stocks trading apps. So that's pretty cool. Uh my next question is uh for solvers compete to get like the best price right if I want to trade oil and you said that soon you could get the best price on chain than any other exchange. Uh I'm a retail buyer.

I'm probably using zeroda. Why should I like what are the pros? Why should I try to buy it on chain? Yeah, I think uh that's a very interesting question. The best way to understand is by kind of drawing parallels between how your trade gets executed.

Let's say when you're buying GameStop stock on Robin Hood versus, you know, buying Ethereum or buying oil on an auction like cow swap that is run by solvers. Um just to get a feel for the room, how many people here have watched the movie Dumb Money? Um that movie about how the GameStop Mania happened on Robin Hood. Okay, exciting. So um Robin Hood is a traditional exchange.

A lot of people use it in the United States to buy stocks uh in a centralized fashion. When you're executing a trade over there, what happens is u your order goes to one of six market makers. This paradigm is called payment for order flow. So one of these six market makers will quote you a price and they will execute your trade on uh like on the you know traditional finance sales. This is the entire mechanism.

So there were six entities involved and this is how 91% of US retail trades are executed uh today. Now let's come to you know the onchain paradigm. So a user goes on an app called you know let's say a cow swap. A cow swap is essentially a solver auction. You enter your trade intent.

I want to buy 100,000 USDC or 10,000 USDC worth of Ethereum. Your order enters the order book. There are at any point in time anywhere from 10 to 15 solvers. Solvers are entities that have specialized um routing knowledge or market making knowledge who can compete to give you the best price for the trade. Now having these 15 entities is actually quite crucial.

each can specialize in different parts of the trade. Certain solvers might be really good at swapping from stables to stables. Certain solvers might be very good at doing this thing called batching which does not happen in traditional exchanges at all. So what batching essentially is let's say I am selling you know my USDC for ETH. Yash is selling um you know Yash is buying ETH for USDC.

Um we could be matched against each other and this is theoretically the least costly way to execute your trade. like if I match against an opposing trader. There are solvers on caus who specialize in making these batches and you know doing these coincidences of wants and that kind of further reduces cost for the user. So you have 12 solvers they will route your trade through let's say some unis swap dex pools some pancake swap deck pools some market makers um and let's say you go to go do this entire process of like you know discovering how your trade happens. You kind of then come up with a route.

Okay, send 40% of the trade to, you know, unis swap, 30% to this market maker and the remaining to pancake swap. You've done this trade. This bundle, this trade then goes to, let's say, another auction where there are searchers competing to back run this trade. This is called a bundle. And backing is essentially an exercise where um users will searchers will compete to execute this trade.

So the proceeds from this auction will go to the user again and so there let's say anywhere from like 10 to 30 searchers compete in these auctions and then finally the bundle goes to blog builders and eventually validators uh run by teams like SSV. In this entire supply chain of this trade execution there were anywhere from 25 to 35 parties involved all competing to execute the trade for the user to minimize cost for the user as opposed to six in trady. Now this trade supply chain of for the onchain execution is not perfect. Uh and there is a long way to go and many improvements to be shipped. I suppose we'll get into that in a moment.

But uh this is what's happening on chain. So now it's for you to decide whether you want people competing to you know give you user exe you know better trade execution or you want people competing to extract most value from you. And that's pretty much the contrast.

Yeah I think that's a pretty solid explanation. uh if I were to double click on it right uh how does it work in like how easy is it to become a solver in like say tradi because there are only six right

for me like it's easier to make that process decentralized than for a user to onboard to crypto and go through all the hassle

yeah that's an excellent question um in trady as I said most of the trades get routed to six market makers the licensing cost the compliance cost uh the liquidity inventory required to you know begin participating as a market maker that raises the barrier to entry to like the order of like millions of dollars. Whereas if you want to become a solver on cow swap um you could get started in less than a month and now we ourselves are building open source infrastructure that reduces that time even more. I know of plenty one or two person solver teams that are competing and making decent revenue today whereas Citadel is what 610,000 employees.

Yeah. So essentially people are working overtime to give you the best prices and they only win when your trade goes through. They only earn money when that happens.

Exactly.

That's that's pretty cool. And I'm like personally very passionate about this space and curious how it evolves in the upcoming years. Um my next question is for China. Uh when people talk about finance going on chain say like same example of crude oil what like what do they actually mean? Do they mean that the asset underlying is going onchain and how does that even make sense?

Yeah. No that's a fantastic question. uh I don't want to be a contrarian or undermine how this translates to people. But that's not a invalid perspective because every time someone's told about being onboarded onto web 3, you are always given a very investment first sort of an approach to it saying come make some money hold some assets etc. Um however assets being onchain hardly in my perspective is about taking something and putting it literally on the blockchain.

RWAS is a very real example for how something that's off-chain can categorically translate into onchain. Stable coins is something that everyone's talking about because it's a very um sought after onchain commodity. However, for me, assets and their utility is kind of where the problem ends and the onboarding begins. But for this to happen, I think you need very solid infrastructure. Um, today networks like Ethereum, which I also predominantly work on, are already doing billions of dollars of transaction, which potentially may not have been possible if the infrastructure underlying it could not support it, right?

Um, financial markets as we know it in the traditional sense of finance is also what it is because of the financial plumbing around it. um you have custodians, you have KYC processes, you have escros and it's very similar for how that translates into onchain financial markets or what we call D5 today without this plumbing or without what we call crypto payment rails. What really are you doing talking only about assets? Um right now SSV has a TVL which is assets under management for any D5 protocol or any tri protocol of 6.7 million ETH.

6.7 million Ether is right now staked on SSV. But this is not assets we manage. This is Ether we secure. And this is what assets onchain kind of should start out looking like before they translate into user holding assets is that how are institutional holding assets or protocol holding assets getting secured by a layer that is dedicated to making sure that they can exist without civil attacks.

They can exist without potential exploits on smart contracts. they can exist while being distributed across the globe and not being concentrated in one place because our data centers can't get physical security. All we have is nodes on home computers. Um, and I think the conversation of assets going onchain and that kind of being end all beall to me feels a little incomplete because you can't scale this sort of a financial institution or a financial market if you don't create the bedrock for that market. Um so for me I'm a big champion of having the infra right first and then thinking about things.

Uh I think consumer crypto is still a long way away but infrastructure for crypto can begin right now and that's what we should be optimizing for solving.

Yeah I mean I was not really sure about how that worked underneath. So essentially what you're saying is we need a boatload of like say crude oil secured in order for people to be able to trade it. And how would you say like poor bedrock? How would you explain a poor bedrock? What would would it look like?

Yeah. No, that's a fantastic analogy. Actually, before the boatload of crude oil to be secured, you need to mine that crude oil also. Make sure it's in a usable format so that it's filtered and so that all the impurities are extracted. You have to make sure that that crude reserve itself is also really stable.

Right? If it's like too vaporous, you'll probably combust um if you use it. Think of it as when we talk about the old way of doing internet assets here are like websites. You can't interact with a website if you don't have the TCP or the IP available for the website.

And if that's not really secured by in a traditional sense an SSL certificate, you can't really do much with it. So websites are good and all um but what will you do if there's nothing to create a website on top of?

So basically like a DAP without a connect wallet option.

Yeah, potentially or maybe a wallet like 100 users who have 100 hot wallets or MetaMask wallets with no DAP to connect it to.

That's

what are you doing with those wallets?

Straight up stupid. Um yeah I mean so so far from all the conversations we have gathered that there is a influx of RWAs onchain but to make it a success we need we need a marketplace where people like solvers companies are literally fighting to give you the right trade and also the right infra the right backing um for your assets to actually make sense online. the the next sort of segment is pretty like it's it's open for everyone also people in the audience for sure. Um I'm 22 year old I'm in Mumbai. I my friend tells me this there's this thing called Ethereum or say hype for example and he says that it's it's crazy.

I want to buy it. Uh he tells the guy that okay go buy it. How would that look like? Why? Firstly, why should a guy buy it on chain?

Secondly, what's the benefit of buying hype in general?

Nice. Um, okay. So, there are two ways. One is a traditional approach. You, you know, use a centralized exchange.

You log on, you KYC, you wait for like maybe half a day to get verified. You have your account. You then deposit, you know, from your bank via UPI or something. you now have uh your assets uh in custody with the centralized exchange. You don't own them and you go on and then you simply make the trade.

Works quite simply. Um let's say you want to buy any of these assets on chain. Um there are plenty of venues but let's say you have an internet connection. You go you figure out your uh let's say you go to like trade.xyz.

It's a market built on top of hyperlquid. You log in via Google. they create a wallet for you in the back and now you have to deposit funds into the wallet. Um the off-ramp uh the on-ramping problem exists. Um there are you know a lot of people working on it.

Uh so assume you are in a jurisdiction where the on-ramping problem um is relatively solved. You've now onboarded into trade.xyz and you're now just making a traditional swap. So the difference here would be let's say um on an in money where you would want to buy an Nvidia stock versus buying it on trade.xyz the difference here is um you get anytime like 24/7 access to markets as Yash noted earlier um you get exposure to any assets over the world with just an internet connection right like the Iran war is happening you want to now express your opinion how do you go and buy oil it's hard you go to trade.

xyz XYZ with an internet connection you can do it. Um so yeah that's pretty much it.

So I would want to ask audience how many centralized exchange users people that have touched one sex? Okay. And how many people just like very onchain first like they have never touched a centralized exchange before. Okay. Yeah.

I mean I think I'm the sort of the best case for this. I started out with like centralized exchange was stuff like that. Then like the core ethos of crypto was missing that if I'm buying crude oil and like the pi price surges on they just liquidate my position or like my my crude oil is less valuable suddenly even after the p price spiked. Uh that sort of brings me to my next question right. Uh we spoke a lot about infrastructure having the right bedrock but then what like for for a normie user they probably don't care about that.

They're like the battle is not if to use onchain or not. You're literally competing in the app store as to what's trendy. How do we make it simple for users like from a de can talk about from it from a dev perspective and others can talk about it from a user perspective. How do we make normalies care about decentralization about overcolateralization and stuff like that?

Sure. So first of all, I think a lot of the infrastructure is quite there to build products that are very like you called it normie friendly abstracting away all of the gas, the transaction fees. Essentially what they do is they just want you to come and trade as soon as possible without much friction. uh from a dev's perspective uh there are a couple things you had to do before but again a lot of which uh the next company propeller shop has built like bunch of open-source tooling for devs to tap into D5 very easily uh so that has also become a lot easier but like we're still getting on the dev front of it so using their products anyone can build a solver like he said within a month I'd challenge every dev to like build it in a week especially now that you have claude code and other codeex coding agents. Uh so yeah that makes a lot of sense.

Um I think from a trader point of view they will only care about decentralization under usually one of two circumstances. One you get lower spreads on chain than you would on NASDAQ. Number two uh your assets can't be seized easily. Simple as that. So that is what self-custody brings you.

Self-custody brings you the ability for you to own your assets. So no centralized exchange can you know uh seize them on your behalf or the government's behalf. And I am a strong believer of u and this apparently is a contrarian position right now but I am a strong believer of the fact that we can drive better trade outcomes for users if decentralization is done the right way. Um

I

I'll pause over there. But how do you get over? So from what I see, infra players just want to get something out there because like the users don't really care. They just wanted a representation of it online.

All of this is downstream of being able to provide lower spreads. So an example of how decentralization could provide uh lower spreads on chain. So um if you're not familiar there is a company called Flashbots and uh they've been doing a lot of work on this primitive of programmable privacy. Uh two years ago they started off uh this discussion around trusted execution environments and these are essentially black boxes where you can have software running in and you can verify what is the software running. You can take measurements and you can be sure okay I'm being told that this exchange works this way.

So if it's running inside the trusted execution environment, my inputs will be private and I can verify what is the code running on there. So this is so decentralization is not just you know uh it's a combination of like political decentralization, it's a combination of geographical decentralization, it's a combination of like technical decentralization. So all of those things together. So I was talking about trusted execution environments earlier and what you could do is in favor of decentralization you could have let's say market makers colllocate in these trusted execution environments all over the world and they could share sensitive information with each other without being worried that this useful information will be exploited and this is not a primitive that is possible in trady and this can enable better trade outcomes. So essentially global coordination uh and like sort of permissionless global coordination where everyone everyone in the equation is rooting for the trader.

Yeah. I mean we have to right like if what is the unfair advantage that crypto has it is this permissionless uh decentralization trustlessness kind of manifesto that we have. If we cannot use that to build to deliver better user outcomes, then we are going to lose to NASDAQ. Simple as that. And as an extension to what Tan just said especially at the end to bring back to your question I also think that the end user or the retail user should not care like infra should become so invisible and so in the background and it should start becoming so robust that it shouldn't matter the technology that you're interacting with as long as the product or the value that you're getting out of it is at par or at break even with what a traditional product would look like.

Um I don't know just to take like a normie example I guess I mean you could care less what stack Uber is on

and you're not getting GP cash backs anymore but I think we are all using GP all the time like it started out as okay you get a onboarding some 150 rupee coupon or something like that but I think we're all still using and I think if GP becomes chargeable tomorrow chances are we'll not wean off immediately off of it also um I think what really matters is that the gap between infra and asset should start getting brided because I think infra is also so investable now and uh with a lot of solvers etc. I think I'm excited to see how that also scales up to use cases like validation and how can users start also benefiting out of overall decentralization for technology and networks.

Uh to that point of like closing the gap between which you rightly said I'd encourage infra teams to like have really strong and tight feedback loops with whoever your target audience or end user is. So for example uh when we were building Foundry the benefit of building Foundry was that it had thousands of users and we'd get feedback every single hour basically and we had really tight loops with our power user teams uh such as Uniswap or AI to get really brutal feedback and on how to improve the product despite being market leader. So yeah, uh I encourage all teams to like really tighten their feedback loops, find those early users and yeah, just work on their feedback.

That's pretty cool. I think uh I've faced the consumer aspect of this where for Avantis we spend like this is my job which is to spend most of my time talking to traders like I have seen people like make 100k and they're still giving us feedback as to how do you improve uh our infra essentially so so far we've covered infra why decentralization matters uh why having the right bedrock matters now I want make it a little more India specific. So like the the problem statement here is that CFD trading in India is huge. It's also like a little gray. Um and then onchain decentralized decentralization provides like a clearer solution but then like for me there is probably a billion dollar market there and if you are able to bring in like even 1% of it we are winning.

How do we sort of bridge that?

Could you tell me more about the CFD market? What is CFD?

Uh CFD is basically futures and options. Uh

right. Okay.

Yeah. Like forex traders trading leverage.

Yeah. Um yeah so I think to bring let's say the FNO market on chain well for one there would be a lot of people arguing that pers are a better instrument uh

sure

uh to do that than you know futures or options uh but if the question is more about why futures or options haven't taken off onchain yet I think uh it has I think we're following a very traditional market maturation cycle so usually before you have lending markets you need to have spot markets. Uh so we start with good spot liquidity. Okay, spot market is mature. Now you can start building lending markets on top to kind of make the link as to why do you need spot markets for uh you know uh lending markets to work because let's say a user's over collateralized position is about to go underwater. You need to liquidate it.

You need a venue to sell it into, right? Like if you sell the liquidated position into a market with not enough liquidity, then somebody won't be incentivized to liquidate that position and you now have a bank that essentially can't pay its loans. So you start with deep spot liquidity, you now have lending markets. Okay, now you have lending markets. Now you can start thinking about you know perpetuals on top.

Uh so now you have perpetuals on top. All of this is happening while you know liquidity is becoming deeper. You now have faster and faster oracles on chain. you have better understanding of risk and now we are moving to a regime especially it's you know apparent in lending now where we will have fixed rate lending where the time duration risk will start to uh you know be accounted for and that's what's required for options and futures and so I think it's more a matter of time and experimentation where we now enter the phase where we have the maturity we have the infra we have the liquidity we have the risk management to now start dealing with futures and options and uh Um, we already actually have one very compelling UX form factor of a options product. Um, there is this product called Euphoria on Mega Eat.

I'm not sure if you all have seen, but it's a very fun UX which is actually using options in the back. Um, and I think it's it has the potential of being one of those breakout apps that makes options and futures actually start working more actively on chain. Yeah, I mean in my experience of talking to like these web two pi traders, it's like they're convinced that trading crypto is like trading onchain is the better alternative. But somewhere I have found that it's hard for them to trust smart contracts. They would rather trust their banks.

Yeah.

So how do like I think it's a mental barrier. How do we break through that? Um I would like to take this uh to begin with. I think in terms of traditional banking and how we see traditional banks, it's true that a lot is dependent on trust. Maybe your dad knew a banker that you use now.

Maybe your friend had a stock broker who you trust and got them like really good returns. So you trust them to uh do your back now. But I think even going back to the FNO question you had asked, it's riddled with intermediaries to a point where it's really infuriating. You don't know where you stand in the process, right? like tomorrow if I have to go out there and buy a US stock um I'll have to go through such a hoop of regulations of KYC of setting up my account um foreign remittance charges um I don't know forex time zones 100 things like thinking about it is exhausting me and I haven't even thought about the full implication of it you shouldn't trust a smart contract I mean you should have a healthy amount of skepticism and willingness to verify everything to do with money and not blindly believe anything and touch any of that without a 10-ft pole.

But what you can do and where things change over here is that I'm not saying blockchain is inherently more trustworthy, but I'm just saying that it shifts where trust lies because it's verifiable. I can still go on chain and see where these billions of dollars in transactions are resting, where they moved, what channels they took, what made this tech possible, what's under the hood. Um, pull up ether scan today or pull up like whatever you like PNB scan. Uh, and you still get to see the entire volume of where you stand for DeFi. Also, when there is lending, borrowing markets, liquidity pools from that to something as complex as a pendle, principle, and yield trade-off strategy.

I know where I stand at every point of time. I don't need to call up my broker and trust that he's also telling me the truth. Um, Tana spoke about the big shot and uh, no, he spoke about dumb money, but also talking about the big shot or um, Bad Boy Billionaires has a new episode about Satyam. Um, why did we all get rugpulled? Because it's easy to change your books and you can't change my verifiable ledger which is on the internet.

But isn't that a little anti-UX? Like if I'm notified of every single thing that's happening with my money, isn't that anti-UX for like a user in college who has like 10,000 rupees and he has just like bought ETH with all of it?

But can I also say something? I think the total addressable market that you are also talking about and we just spoke about trade volumes and traders who also agree that onchain is better. People who are mature enough and also trade by themselves without the need for any intermediaries are also a very small subsegment of the Indian financial market.

Yeah, for sure.

Cuz all of us can't do it by ourselves unless we don't know the entry point. Um, internet money or blockchain or crypto can feel a little bit like the wild west because you don't know where to start. Like I know cow swap today because I work here or because like Tana talks about it but um does anybody who's probably not in this vicinity find out about cow swap just like that potentially not right the same goes for sushi pancake any balancer a whoever you want to talk about and that kind of happens only because it's always difficult to navigate where you're an individual trader navigating this in terms of bad UX and in terms of being notified about everything once again it's not about notification or information or being intimated through the process. It's not a push notification on your phone. It's your ability to be able to go and verify.

And for me, that's why any kind of blockchain based financial infra.

I I actually there is an interesting product parallel here. So whether you trust a smart contract or a bank is also very nuanced. It depends on the place you are from and what is the economic privilege you come from. Most banks in India or the US that are FDIC insured, you're probably better off. But then we are also trusting FDIC in this equation right

and uh that is a better trust guarantee than the security of a potential smart contract. But if you're in a country like let's say Argentina and I think Yash with his co-founder Dhi a few months ago did a pilot for this payments product in Argentina during dev connect and I think you know I'd love to learn more about the trust requirements you learned about uh doing that pilot and that was a you know purely blockchain built app for

months. So in a country like Argentina where the the people don't really trust the government or the central bank to be able to handle their currency stably. They tend to move towards these more uh decentralized let's say products like USDC which is still centralized but it's accessible to them via decentralization layer called Ethereum. So what they rather do is trust that USDC smart contract which is by the way verifiable or USDT contract or any other stable coin contract and trade in goods and services. Uh so and because the cash there so frequently devalues they've also been very used to uh let's say technological like neo banks let's say digital banks not only in crypto but like in trifi as well where they most of their financial activity would be happening just from their phone.

So this was another uh let's say barrier that we didn't have to overcome in convincing the user that you need to be able to trust this technology that we're building. In markets like those they're willing to trust. They're willing to take that leap of faith because their financial future is kind of at stake.

Yeah.

I think this has been like a powerp packed session. My last question and the audience can answer as well if they want. So we have spoken about probably as nuanced or as in in-depth as possible about being like what it takes to be onchain and why is it matters. So with all that as com as context, uh what do you guys think? How far away are we from like adoption or like that one breakthrough app that'll sort of get all these college students in by downloading the app and trading on chain without knowing it?

How far away are we?

Well, uh two parts to the question. One is just adoption in general. you know, one might argue what that is, but we've seen massive success with stable coins already. In other ways, when does NASDAQ come on, you know, Ethereum? I don't know, maybe eight years.

Uh, I don't know. Uh, but as far as when do people from like people in this audience come on chain more easily. I think the bottleneck there is probably more on the regulation front than on the product front. Not an expert on that. So, I'll leave it over there.

Um, so yeah, that's what I have to say on the topic. Yeah, I think um I want to say that maybe it is when once again the tech that can seem so alienating like the moment you hear blockchain or crypto it's like an alarm bell of something that's unfamiliar to me and maybe that's why a lot of new people could remain skeptical cuz it's not as proven as paper money or fiat is right like you know where to go and get cash just ask your mom I mean uh but you don't know how to be onboarded onto this I I think it is the moment the tech becomes invisible. The next time there is an app that nobody says is a blockchain or a crypto-based app, but the app or the product is so cool that people want to engage with it. The moment the stack on which it's built takes the back seat and goes in the background. I think we'll find a lot of people wanting to try it out and downloading hot wallet apps.

And

you're basically talking about Poly Market

potentially because why not? What about you? uh I think largely in terms of what we need as like infra or any other market micro structure we're already about there in terms of adoption like T said uh regulation and I'd second that but it also depends upon individual teams being able to deliver the right products bridging the the infrastructure which is like crude and let's say decentralize. Bridging those properties and building that into a very smooth, beautiful UX product is a humongous task. So I applaud the teams who've already done that.

But yeah, so it's very team dependent.

Perfect. I think that is it for the session. If you guys want to plug something, just go ahead. This is your time to shine before they kick us out of the stage.

Okay. Okay. Uh so maybe not the plug but if you all found anything interesting about what we spoke about today some links I would recommend you all check out um go to orderflow.art um that flow that I described earlier of like 35 entities competing uh for your trade you can actually see that visualize that on that link go to trade.xyz XYZ.

Uh it's an excellent product. Uh you can buy oil and everything on there. Uh and crypto. So I think the UX is there. Check it out.

And uh yeah, go to propellerheads.xyz. Um you know, read up our blog. I think we have some interesting ideas on how decentralization can fuel better user outcomes.

Read everything Tai said and also go to ssb.network and read our blogs. Um the thing is that everything to do with new technology is always alienating. Uh I remember how skeptical and apprehensive I used to be when I was writing my thesis back in 2017 and I was researching border security and uh there were trades and tariffs and taxes for goods and services. There was nothing for ideas.

There was no way to tokenize or monetize them um except IP and intellectual property which was a long wound out and drawn out process. But the blockchain could do it and that's why I started. And you just need that one small thing to kind of put that thing in your head and take you down the rabbit hole. I just guess the only plug is read. Become like a little bit of a nerd about it and I'm sure you'll find something that resonates with you.

Uh yeah. So, since we've been talking about RWAs and all of that, uh if you want to take a bet on like a real world event such as the US Iran war or like sporting events or like the Oscars which is coming this weekend, uh go straight ahead co-pilot.markets which is the most easiest and uh place to take a bet on these kind of events. It's aantic first. It's your companion to take any sort of bet on poly market.

Yeah,

nice.

Thank you.

Thank you so much, guys.