Exploring the Future of DeFi with Tranchess - TOKEN2049 Singapore 2023

hello everyone yeah thanks uh Charmaine for the introduction I trust that everyone had a very good lunch uh I had three bowls of laksa so I'm feeling a bit tired at this juncture um yeah so today with a very limited time we have I'm gonna go through a bit of like what's happening in D5 and how it Associates tranches maybe before I move along I want to explain that what Tron chess is just so that you all know the relevance of it it is a structured liquid staking and asset tracking protocol I think our Envision other than providing to the native digital assets or crypto group or people we also hope to be able to bridge to convert to be a bridge to converge both defy and track five uh kind of like uh the best of both both sides my background and also the team a lot of Us coming from Tech from Google from um Twitter uh while the part about Finance we are mostly asset managers or sales trading background from the financial markets so this is in brief about this but uh let's not you know like um look too much at tranches for now we're gonna look at how D5 is at this juncture so we're going to first of all go through today's agenda we're going to talk about the defy overview where it is now exactly uh what's dominating the D5 background we're going to talk a bit about liquid sticking but also what is actually Beyond Liquid sticking I'm sure everyone knows like uh liquid sticking and how much dominance it has in the Divine sort of a space but what's actually Beyond Liquid sticking we're going to touch a bit also about the regulations in D5 or rather what regulations is actually not there to govern D5 it's more of a assumption from what's existing now currently in the regulations that govern more trading licenses and also exchanges and so on obviously because we are in Singapore we'll also have a look at how Singapore is helping to shape the future of digital assets and defy we'll finally end off with a D5 track 5 kind of a convergence exploration and how actually trunches come together uh in that in that in that holistic picture so this is a a quick overview of like how the landscape of D5 is uh I'll let you all read the numbers but I think something that we can see in terms of market cap is 42.6 billion and total TV out of 48.6 billion we know that this is a far cry from what we have from before uh one two years back what I can say is that it's actually a good period because a lot of building is going on at the back and previously we do have a lot of Bad actors we do have a lot of inefficiency but now with time these are being corrected and I think we can emerge a much stronger something that we also need to take note liquid staking is 48 of the market uh is that healthy or what can we actually look to improve from here what are the other kind of like entrance of a D5 protocols can excite and maybe continue to build on D5 on the growth part I think maybe this is a bit of excitement for everyone the expected growth a compound annual growth is about 46 from now to about 20 30. so if you are looking at how this space will look to expand and what are the possibilities now is probably a good time to examine it um the last point I think is of interest to a lot of people who might not be listening to this before is the fact that you know real world assets is becoming um kind of like an excitement and a discussion point so real asset actually increased eight percent uh from a year on year uh before now what are real world assets we also try to look at it a bit later on uh Define before versus now I'll leave you all to look at how the timeline is but maybe we're going to draw a more quick antidote from before after the fast growth in terms of D5 2017 2018 2019 and maybe into D5 summer in 2020. I I think what what I do not miss the most was when you can actually take out a six pager PowerPoint and you go to a VC and you can actually get funding from it so in a way I'm glad that that moment and that time is over because now uh there's a lot more scrutiny into like what is really your project about um everyone is looking a bit more in depth of who's the founder what's your background and also whether you have a MVP so these are actually very important for us to continue building divide and be credible to AIS or institutions down the road Define now I think it's much more exciting than before we have decentralized exchanges which obviously is a very hot topic and still something that is ongoing uh I had thought that people would be already the VC would really be tired of looking at the number of decentralized exchanges that's coming out but recently uh a project that I was looking on was actually look upon quite favorably by some of the bigger VCS and I was how intrigued by it because I already thought that they would have probably seen endless decentralized exchanges before this but obviously it's still something that is going on hot what I maybe want to draw your attention to is derivatives and Structured Products rwas and also Insurance um we all know for a fact that okay if who are the next way for people coming they are probably from traditional Finance uh outside institutions or even accredited investors in the real world they may struggle a bit with you just telling them about liquid sticking and maybe even about crypto but structural products has been a space that have been existing in finance assets for a very long time being Equity Commodities albeit um foreign exchange so for them to know a product and then to get to know the underlying it's actually quite much easier so maybe everyone can have a thinker about that to try and work from a product standpoint to reach out to a different audience um insurance I think it's also one part when I spoke to people from institutions that they would like to have more Insurance available on on D5 now there's probably a lot of insurance on custody in real world of crypto assets but Define is very much lacking even the ongoing kind of coverage on D5 is probably limited to per protocol between three to five percent so if we want to actually have increase in numbers or a bit more of a safety net for people who's coming in insurance is probably something that we need to focus a bit of attention on as well now what's beyond the fight I think we know liquid is taking and so on liquid sticking is probably the hotter topics I'm sure everyone know um lighter rocketful and I hope that you all know Tron chess as well trunches is also a provider of um liquid sticking on ethereum as well as on BNB chain the difference in which I think what we have to come on with um liquid sticking is not just a pure liquid it's taking protocol anymore on on Tron chess for example you will be at the same time uh get leverage of two times and also enjoy uh being in a stable coin fund if so you want to choose so being the same ecosystem if you choose to switch between leverage non-leverage and also money market fund we do offer that and that's something unique offered by tranches decentralized exchanges are touched on borrow and Landing I think we all know I think Structured Products is something that is a focus next round why a lot of people have been asking like okay you have the U portion from liquid sticking what are you going to do are you just going to be repeatedly doing borrowing uh switch to uh underlying and then stick it again borrow do this a few rounds is that all that you can do no you can actually use the U to be purchasing structural products which can give you um maybe an additional 5 to 15 or 20 per annum and these products the underlying could be options and um irrespect of time I'm not going to go into details for that but we can have a discussion of it at the tranches cafe on the third floor if you have some time regulations in D5 or rather the lack of I think we have seen a lot of um regulations revolving around getting licensed for training activities this is happening in Europe I recall binance got its first license from Paris from France in uh last year and since then it has seven licenses across the globe and even including Dubai recently I've seen like in Hong Kong hash key and also OSL having the first trading license around and a lot of these are centered around trading so I was very happy when the meat of this year we started to see Mika where it happened in Europe and it's tailoring a set of rules to govern digital assets and crypto in the whole of Europe and Singapore also recently announced the stablecoin regulation so with the clearer kind of a setup for rules and regulation what it means to say that moving from here it's not bad for digital so it's not bad for crypto in fact because of the clearer definition corporates AIS will be able to come in most of the time if you speak to a lot of people from traditional background they will not be able to work with you from the crypto asset background because you're not regulated and there are no clear rules about it so they can't wait with you but with a clearer definition and you conform more to it there's a greater chance for you to able to start to work together and that's a very important point about bringing D5 to the real world uh Singapore part I will just shortly go through but I want to say that Singapore has a lot of projects and incentives to encourage uh the growth of blockchain as well as fintech so these are the kind of like a few project initiatives that is present in Singapore for those of you who came from overseas I think you can definitely have a look at what project ubin and project Guardians about they are also regular there's also like associations associations that you should be working with like a Singapore fintech associate blockchain Association Singapore as well as the global fintech Institute they all have very close collaborations with um Mas which is the regulator of Singapore so I I really think that if you are something if you want to work in Singapore or collaborate with different partners they are actually very good channels to work with I think the last point in the summary for this page is uh Tech and regulation goes hand in hand in fact the success and perhaps the next way of uh uptick in the industry is when Tech and regulation goes up at the same time then goes unintendo if you have actually checked moving up and not regulation to govern it uh things can not be supported or there will not be a greater inflow of Interest into this um yeah real world I said I'm going to touch briefly um because this is kind of like the real the real interest that's being pursued from an external non-cryptal industry into the space if you are looking at liquid sticking there's also a positive opportunity of like not just liquid sticking from a blockchain perspective but think about whether U.

S treasuries can also be a rwa they're finally goes into liquid sticking because they are also a component with Principle as well as interest you so if you can find a way to harness this liquid sticking can take place also within the public chain in the form of rwas obviously rwas include things like Bond properties and gold and different underlyings but obviously they have to follow kind of the each regulations locally so there's a focus and discussion about that that you need to take note of now for the last one minute I'm just going to quickly go through a bit about Tron chest um this is a bit of our achievement so other than running liquid sticking on both ethereum and BNB chain we are also a BMB no operator ourselves so we have experience in running our own no other than just being um kind of like a liquid sticking protocol we are awarded quite a few um kind of like um trophies and prizes most valuable award a most valuable Builder Hall of Fame on BMV chain uh protocol of the year and so on but yeah this is uh maybe you can find out a bit more at the end through our own website yeah for the last um one minute or so we have we have Queen Bishop and Rook Queen basically is our stake Eve so you can call it the QE whereas Rook is our two-time lavish vehicle and Bishop is our stable fund So within this ecosystem you can find all of these three so it's meant for users of a different nature whether you're a hodler and you can choose to be using uh stick Eve and just get a stable you or if you're a bit more aggressive and sophisticated type of a user you can be going for root else you can be taking profit and maybe putting it in a stable fund within the ecosystem in the form of Bishop um this is our roadmap and you can actually check it out on our website um in the essence of time uh thank you very much for your time and we have a cafe on the third floor so if you have some time please come and speak to us our team members are stationed over there we have plenty of Swag to also be sharing with everyone thanks everyone thank you