Cardano ADA News Update, 19th May 2025

Marker Name Description In Out Duration Marker Type
00:34 FUD
03:06 Strike Finance is Killing It
06:33 FluidTokens Bitcoin Bridge
07:30 FluidTokens Aquarium Validators Launched
08:43 Show Notes
09:06 Flux Point Studios Acquires Saturn Swap
13:15 Support
15:55 Updates from Iagon
20:01 Massive Tokeo Wallet Updates
27:17 Future of Liqwid Finance
28:22 Liqwid Finance Dynamic Yield Rewards
34:00 Liqwid Integration in Begin Wallet
35:04 ADA Stack for Beginners
37:30 Vespr Goes Open Source
38:20 Masumi Audit
39:21 Gero Dashboard Google Wallet
41:08 Bodega Primed for Bitcoin
42:54 Bodega Growth
47:10 Shield by CNFT.tools
50:16 Cardano Foundation Supporting Cardano Oracles
51:23 I Can Aiken Book Giveaway
54:40 Brutal Comment

00:00
Alright guys, a huge amount of updates. There was a bit of FUD over the weekend. I’ll touch on it slightly, but I won’t dive too deep into that one. We also have updates from Strike Finance, Fluid Tokens, Liqwid Finance, Flux Point buying Satin Swap. That one’s pretty interesting. You have updates from Iagon, Tokeo Wallet. Massive amount of updates for them actually. A bunch of ecosystem projects as well. Some of the smaller ones out there. Lots to go through here. Oh, and by the way, I also have more of those Aiken, Iken Aiken books.

00:27
If you all know Smart Contracts on Cardano, I’ve got some more book giveaways. So make sure you watch the end so you can find out how you can get a copy of that book. Hey everyone, I’m Peter Bure. If it’s first time here, you know the drill. Thumbs up, like, subscribe, notification bell. But let’s get into this. There’s a lot to cover here. And the first one here is that FUD that we heard over the weekend. And I didn’t want to cover this one at all, but I just had to touch on it slightly here. And it’s all about the amount of vouchers, some unclaimed vouchers that were in the ecosystem. It’s about three million.

00:57
30 million, no, 300 million ADA. So quite a lot of ADA out there and there’s a lot of accusations going around, but I don’t have all the evidence. I don’t know the truth about this. So I won’t, I don’t want to cover the details about this because I don’t know if I’m spreading the FUD itself, but there’s a lot of mud being thrown around and it’s between the founding entities even. So this is something that I personally think should be hashed out behind closed doors and then a proper media release and press release.

01:27
put out afterwards to clear all this up between all the founding entities so that people understand what was going on rather than speculating, accusing everyone, each other and all that stuff. it’s something I don’t really want to really think about. And this kind of fad only really affects people within crypto Twitter or the people that are on X constantly 24 seven and spend all their time on it over the weekend.

01:55
The majority of people don’t do that. Retail doesn’t do that. And if you have a look just on YouTube and you search for a Cardano, there’s none of this in there. Like people seriously do not care. All they want to know is, is ADA’s price going up? I don’t do any of these videos like, when should I sell 35 million RallyTree? I don’t do any of these types of videos. I don’t even know what they’re talking about here. But the Cardano stats, that’s good. It’s good.

02:25
Gina, Giana. It’s good to see that she’s still pumping out videos. But beside the point, all these videos here are just about price prediction and when ADA will absolutely moon. And I just don’t cover that type of content. So that’s what people want. That’s what people want to know. When will I be able to retire on the amount of ADA that I got? I don’t care about all this. But so let’s let’s concentrate on the good stuff here. We’re not necessarily.

02:51
price predictions, but there’s good stuff that it’s building within the ecosystem. There’s a lot of builders constantly building. They hear this fun. It distracts them. They don’t need this. Okay. That’s what I’m going to say about this. I’m going to move on. First update here. First serious update. Let’s get into strike finance. And these guys are just nailing it week after week with the extra Liqwidity coming in. at the moment, the strike finance team are the ones that are putting

03:21
in the Liqwidity for all of these long and short on their platform, the perpetuals, and they’ve added in more Liqwidity. So they’ve moved into the next phase here. Let’s see what their stats are. So far we’ve processed 6,182 transactions and made 17,852 in fees. That’s great. It’s not even a week since they launched. So this is gaining a lot of traction. The 100k ADA supplied to the protocol

03:50
is on pace for over 800,000 in revenue this year. That is fantastic. Like I told you guys, Perpetuals is big on the other ecosystems. Perpetuals have really driven the growth of DeFi on their platforms. And Perpetuals now on Cardano is going to do the same. Anyway, we started working with some Cardano projects to integrate perps directly into their platforms.

04:18
The next wave Liqwidity will be added soon and user LP deposits should be open later this week. This is really cool to have perpetuals and this type of leverage trading on Cardano is something that is really appealing. So a lot of the smaller investors out there can put in a hundred ADA, 200 ADA and 10 X their positions because of that extra leverage. Of course you could be Liqwidated and lose it all, but that’s the risk that you take, but you can get those massive gains now.

04:48
And it’s really appealing to the smaller retail players out there so they can get into the market and make some decent gains. So this is really cool. Perpetuals are definitely something that Cardano needs. Now I entered into this space as well. So I went into a long position in my members only video. It was members only at the moment. It’s called Bag Building. It’s a new series that I’ve put up about trading and making these type of gains, looking for these opportunities.

05:15
I’ve gone into at least one long position. There we go. One long position here. So I’m already losing money on that one, but that’s okay. I’m going long here. I’m looking for the long term. The best thing about the, the perpetuals is that there’s no time limit. I can hold onto this until it does hit $1 and I can make a massive gain and profit off that. went on a three X leverage for this particular one here, but you know, I may open more and more positions depending on how this one goes.

05:45
but there’s also the ability here to put in a stop loss and the take profit. So I can put a stop loss in here at a USD value. I can put it at, you know, like 71 cents. So I won’t lose too much. I can take an automatic take profit when it hits 80 cents. And you know, that, that’ll be a quite nice increase in my 3X leverage. So that’s okay. It’s got those automations in there and soon in the future, we’ll be able to actually add

06:13
more Liqwidity into our position so that way we can manage our risks better. But that’s coming soon. But Strike Finance doing a phenomenal job of driving in Liqwidity onto the chain. So this is definitely something I’ll be playing around with more. congrats on the growth. Strike Finance, you’re doing amazing stuff. Next news story here is from Fluor Tokens and they have essentially announced what they’re doing next.

06:39
We are working on a trustless bridge integration that will leverage Cardano State Pool Operators. You beauty! I’m a State Pool Operator. I could do with more revenue. And if I run some code to be a part of this decentralized trustless bridge, that is really good. If you see my video on how to set up a Cardano node at home, it’s on my other YouTube channel. So you have to get to it at youtube.com slash learn Cardano dash tutorials.

07:08
It’s a dedicated tutorial channel and I go through how to set up a Cardano node, run it from home and do all the things that you need to do to manage the node to keep it secure and all that. But this here is really cool because you may be able to run this code on a node itself and be a part of that particular network. Awesome stuff. Now, the other thing that fluid tokens have done is their aquarium nodes as well and

07:35
These are really good stats for the first initial launch of the node network for Babel fees on Cardano. They already have eight aquarium nodes registered, more than 40 automatic transactions process to DAPS integrations coming. That’s the big thing there. I don’t know what DAPS they are. I’m really hoping it’s MinSwap and I’m really hoping it’s something like Dex Hunter or SteelSwap.

08:04
or maybe not still swap because they don’t have those extra fees or a token, but at least Dex Hunter, because that means you use a Dex aggregator and use the hunt token, which is the token for Dex Hunter to pay for all your fees. So if you were early holder of the hunt token, you could do all your trades at DeFi with that extremely cheap hunt token that you would have gotten back then. So this is really big news. I really do hope more.

08:34
Dex’s take up Babel fees and use aquarium for this really cool stuff guys. Awesome work from the fluid tokens team. Now, if you want to get to all the show notes for this particular episode, you can do so by going to learn cadana.io. I’ve got all the X posts here, all within the show notes. So you can get to it as a reference if you need to. Of course, you can always search for them. You go to the X accounts of all these people, the projects.

09:02
but you can find all of that at learnCardano.io. Now the next news story here is around FFlux Point Studio and they have purchased SaturnSwap. So FFlux Point Studio, for those that don’t know, are the team behind this particular agent here. This is agent, I think there’s agentic T. This is a bot, an agent, an AI agent that is being integrated into trading.

09:32
within the Cardano ecosystem. So you’ll be able to use this agent to perform trades and transactions within their ecosystem. And it seems like they’re going to integrate it in with SatinSwap, which they have now purchased or acquired. I don’t know the dealings there, but they now have their own decks that they will be integrating into. And the good thing about SatinSwap, unfortunately, the founder has left the ecosystem. That’s a whole nother drama that I won’t get into, but these

10:01
founder has left the ecosystem and now the FFlux Point Studio will be integrating in. But the good thing about SoundSwap was that it’s a batcher-less DEX. It uses order books. So it has all these orders online and then has a matching system where it could match all the transactions, the buyers, the sellers, whatever’s happening on the chain itself. So it was really good in regards to that and it was really fast. So this is really appealing because then the agent can hook into that

10:31
and do some really cool trades off that based on, you know, what’s happening in the ecosystem. So we’re beyond excited because owning the decks is one of the last puzzle pieces that turns agent into a fully reflexive asset, trade, compute, burn, lock, repeat. Stay tuned. The cosmos is just tilting our favor. That’s pretty cool. Pretty excited about that. Now the founder of the platform,

11:01
has been teasing out a lot of flow diagrams and things that they’re building. So this is Decimalist. I had a chat with him a while back on video call with about some other things. He does a lot of the gaming side of things. And I love that stuff. So if you haven’t checked out some of these games, check out some previous interviews and previous videos I’ve done. I’ll put links down below for you. But this is the Agent Inference Pool Participation Float.

11:29
Now at a glance, this may not make any sense to you whatsoever, but let me walk you through this. So you get an idea of what’s happening. So a job processing and fee flow. So a job when it comes in, so maybe you’re using the agent, the AI agent to work out when I should be buying or selling ADA against USD. So you’re putting the job in and it will process that for you. It will take a fee, a fee in ADA.

11:58
and it will split that fee, whatever it might be, might be, let’s say it’s one ADA. So 70 % of that, if you follow this line here, goes to operation costs. That’s the 70%. It goes off and continues. The other 30 % here goes into auto buy of the agent token on the DEX and then sends that to stakers. So the more the AI agent is used,

12:24
the more fees that are collected and sent to anyone is staking agent tokens. How cool is that? So this becomes an automated process with the smart contracts and with the AI integrated into it. Majorly cool. Now you can’t stake your agent tokens yet, but this is something, a feature that will be coming soon. So if you have any agent, I’ll be keeping an eye on this to see when this is integrated in.

12:51
so that users can start using the AI agent and start processing transactions and generating those fees because it will go straight back to the agent holders that are staking on the platform. Really cool stuff. So keep your eye out on what FFlux Point Studio is doing with their agent and everything that the studio might release next. So this is majorly cool stuff.

13:16
Now while I’ve got your attention, I just want to do a big shout out to all the members here. All the members, you guys pay for my coffees on a regular basis, on a monthly basis actually. And I really appreciate every last one of you that have done so because it really keeps me going on this. So if you are an avid supporter of the channel, if you really want to get your hands on some exclusive content, which I’m starting to create more of, you can do so by becoming a channel member. can buy me a coffee. You could be a monthly medium coffee supporter as well.

13:45
But these are all my awesome channel members at the moment. It’s growing every single day. So I’m absolutely loving it. So keep on going guys. If you can, if you do have the means, consider it if you can. But you know, if you can’t totally cool with that, all I ask of you then is if you can hit that thumbs up, that like, subscribe notification bell. And that also really helps me with the channel. Now, the other thing I mentioned is that I’m also a delegate representative going through all of these governance actions on chain and voting on your behalf.

14:15
So if you want someone to delegate to check out my brand new D-Rep profile here, you can get to it at drep.learncadano.io. All the information on how to delegate is here and all you need to do, which is really cool, is connect your wallet, whatever it might be, creates an account in the background. And then here you can click on delegate and it will process a transaction for you. And then you can delegate directly to my D-Rep ID from the website itself. So it makes that

14:45
delegation process to do so much easier. So do check that out if you’re interested. I am also a state pool operator, so you can delegate to my state pool search for the ticker AdaOz or the pool ID there and you can delegate your Ada to my state pool. It’s about 5,000 delegates. So appreciate every last single one of you guys. The very last thing I’ll mention is that we also have built this plugin called CardanoPress. So if you ever wanted to build a DAP that connects to the Cardano ecosystem,

15:12
You can use this plugin for WordPress. So WordPress powers basically half the internet and you can use that builder to build a website, use this plugin, which is completely free and it allows you to connect your Cardano wallet to the website. And from there you can do simple things such as authentication with NFTs or read what NFTs are in your wallet and it will sign a certain permission. So it’s essentially NFT gating.

15:40
or staple gating or all sorts of different combinations. And you can do membership websites and all sorts of things. So it’s really cool plugin and you know, I highly encourage you guys to check it out if you were considering building something on the Cardano ecosystem. All right, let’s get back to the news update. So this news update here is from Iagon and so this news update here is from Iagon and this is their ecosystem insights for May this year. And check out these stats. They’ve been growing amazingly.

16:09
Total storage reached 26.49 petabytes. That’s insane. I can’t even fathom how much video content I can put on there. I’m chewing through terabytes at the moment. So nowhere near petabytes. That’s insane. Anyway, they’ve got 691 storage nodes. That’s amazing. they’re active in 35 countries, 346 cities around the world.

16:38
fully decentralized. That’s amazing. The amount of IEG’s token stakes is at 78.38 million. That’s amazing. With 290 active subscriptions continuing to engage within the ecosystem. they’re amazing insights. It would be great to see this subscription number grow and more people actually use the service for storage. I know they’ve got a lot of enterprise customers. So, know, one subscription there could be, you know,

17:08
petabyte of storage, who knows exactly, but the are definitely enterprise clients within that 290 subscriptions. Now that also host 211 websites. That was one of the really cool things that they have within their platform. You can use it to host websites. So I could actually go back and deploy my D-Rep website onto their platform. You know what?

17:35
I probably should, I should probably deploy it on there as a static site because essentially is a static site. Deploy it on there and use, you know, decentralized storage to deliver the site. That would really be the icing on the cake, I think, actually. The other thing that the guys have got is the staking of their tokens within the ecosystem. They’ve got a couple of state pools that you can delegate to. They’ve got the IGL1 and IGL2 that you can stake to. It helps power the IGL buyback.

18:04
meaning more IG rewards go back into the hands of the supporters, just like us. Well, I haven’t staked my IG tokens yet, but I definitely will. So check that one out if you want to earn some extra rewards. But you do have the ability to provide Liqwidity on the program here, the LSP program. It’s been live for quite a while, but they’re moving away from the old phase based model and is now a rolling long term program where new tokens can be added any time and rewards last for a full

18:34
here per token cycle. So it gives you a lot of flexibility and more reasons to be involved with staking. So you can stake within any of these protocols here and you can earn various different tokens out through the program. So this is awesome stuff from the Iagon team and a nice way to earn through their program. So if you’re a believer in the project and you have some tokens, the idea is that you might as well stake them within the ecosystem. So that way, one, you’re not tempted to buy, not to buy.

19:03
not to sell them in the future for at least a while, but then you earn rewards for doing so. they’re rewarding your loyalty essentially. So it’s a nice way of earning some extra tokens for staking on the platform. So awesome work from the Iagon team and I’m expecting some really big news yet. They hinted at it. They hinted that they’re partnering, potentially partnering up with a Fortune 50 company. They’re not Fortune 500, you 500 is a lot of companies.

19:33
This is the within the top 50. It could be the 50th. It could be 49th. I don’t care. It’s right up there, but I don’t want to talk about too much because they haven’t provided any details or a proper release yet. So it’s not that we’re just speculating here. I don’t know who it is, what it is. We can go through the top 50 list and work out which one of them would potentially use storage or decentralized compute, but it could be all of them. Anyway, I’ll talk about that when the actual release comes out.

20:02
Now this next news update here is from Tokeo and I have to say it is definitely the wallet to be using if you are an avid Bitcoin fan and Cardano fan. It’s the lights here orange and blue. If you are a big fan of both those ecosystems, the team from Tokeo have integrated in both of those ecosystems seamlessly. So let’s go through some of these updates they have here. So they’ve launched a brand new revamp of their UI.

20:29
I have a brand new explore tab rewards tab and syncing and chaining all improving the UX of the platform itself. So they’ve got a revamp of the platform and you can see the video here. Let’s see, you can see the new explore area and they’ve got a brand new rewards area. So you can visually see what’s happening in the ecosystem and how much you’re earning for staking. So that’s a really good UX improvement.

20:57
but they’ve also improved syncing of the wallet. So before, you’d have to wait a little bit for everything to happen, but they’ve improved that process so that it’s a faster user experience overall. So it’s not Goddino, it’s caching and all these things that they’re implemented in to make that experience faster. Now, the other thing that they’ve added to make things faster is transaction chaining. Now, this is really cool because when you are submitting a transaction online,

21:25
You have to wait for that to hit the chain and that takes a little while. So it will hit the chain and then you have to wait and then then you can submit another transaction. But what transaction chaining does is that because the wallet knows that you’ve spent that ADA in a particular part of your wallet, it can use another part of it that hasn’t been touched yet to do the next transaction. So it knows that it can add that brand new transactions at the previous one.

21:55
and then continuously submit them one after another because it’s not interfering with the previous one. So you can do four or five transactions sequentially really quickly and they all hit the chain at the same time and use different parts of your wallet which add up to your balance. So it’s a really smart way of submitting those transactions. It’s called transaction chaining and I’ll try and find some documentation about it. But another wallet implemented called Typhon, they were the first ones to do it and they…

22:22
gained a lot of traction behind it because of that really fast user experience. I think it’s something that all wallets should implement. I think it’s an awesome improvement for what the Tokeo team have done there. Now this next update that the team have done is they’ve simplified the Bitcoin experience and have put everything in the runes area to be priced in sats or satoshis. So that’s the smallest unit of measure of the Bitcoin. So you have Bitcoin and then the decimal places of that. It’s not like

22:52
0.0001 Bitcoin is one Satoshi. So that way you can work out and visually see how much your asset is actually worth compared to one Bitcoin. So it’s a little bit of a nicer way of viewing your wallet and getting a better idea of how much it’s actually worth. So here we go. This is a nice explanation of it. The Satoshi or SAC is the smallest unit of Bitcoin. Using as a unit measure transact, invest,

23:21
and price goods and services in a manageable amount, even as Bitcoin value rises. Sats make Bitcoin more accessible, practical and user friendly as a global digital currency. So that is the idea of putting the sat value into the interface so that you can actually see the value of these runes on there. Otherwise, it just be like 000.1 BTC. And who wants to read those decimal places anyway? So here you can actually see that

23:51
It’s got the decimal values and USD under it. And you can see it gets very, very small depending on how much you’re holding. So having all these decimal places with BTC as well just makes it really hard to read. So having it in Satoshi’s makes it so much easier and better. So awesome work there. This other update here is that they’ve upgraded the addresses. So now use taproot addresses on Bitcoin. So our receive function now defaults to taproot addresses, the BC1P.

24:19
a prefix instead of the SegWit witness. So SegWit is like, well, I think that’s back in 2017 or 2018. So the Taproot one is much, much newer. I don’t know when Taproot came out, but it’s the better version of the addresses and has privacy upgrades, lower fees, future proof, and also scalable as well. So it’s definitely better to use the Taproot addresses. The other thing they’ve got here is now that you can send and receive dog BTCs and runes using an ADA handle.

24:50
What? That’s interesting. Something I missed here. No, I didn’t miss this. I knew. With an ADA handle, the ADA handle you put in a Cardano address and it makes it easier to send assets from person to person. You can just provide your ADA handle and you can send assets directly to it. The wallets will resolve that handle. But now you can actually put your Bitcoin address in there as well. So now your Bitcoin address will map to your Bitcoin wallet.

25:19
And whatever handle you have, you can give to people and it just makes it easier to send between peers. So it’s a really nice way of sending assets to one another. So the Cardano Bitcoin revolution is well and alive on Tokio. Use your handle to send or receive not just BTC, but dog and other runes too. You can find out how to link your ADA BTC address with your ADA handle down below. You can follow this video to…

25:45
It’s pretty easy to do so. Awesome stuff for these projects like integrating Bitcoin and just embracing it. So really, really cool stuff there. And this one here, this is just a minor update kind of thing that they put in, but you can have dog wallpaper as your wallet background. You can customize it to whatever you want, but you know, having a proper dog theme is, you know, good for all those passionate people that are dog holders.

26:09
Now the last one here, this is a pretty good one and this is a strategic partnership with Sats terminal and they read here, I read here, we’re thrilled to partner with the leading decks aggregator for runes on Bitcoin Sats terminal. Through this partnership and integration, you’ll be able to swap runes in app. Now I haven’t tried it myself yet. I really need to swap some assets and get some exposure on the Bitcoin ecosystem, but you can do that directly from the wallet. You can

26:39
You can load up your wallet with some ADA and then swap it for BTC. How cool is that? One wallet and you can integrate and flow through either ecosystem. So that’s the experience that Tokeo are going for. And as more dApps on the Cardano side start to integrate in features of the Bitcoin ecosystem, when we have more of this cross-chain capabilities, Tokeo is poised to be the leading wallet out there for this.

27:07
So we’ve got some other players as well, but Toko is definitely leading the charge. So if you haven’t checked out this wallet yet, please do check it out. They’re definitely leading the way with the Cardano and Bitcoin charge. This update here is awesome. And I didn’t know what was happening with Liqwid Finance in terms of their future roadmap. And we’ve got some hints here in regards to what they’re doing. Three upcoming versions of Liqwid Finance, Liqwid V3 for Cardano users. So upgrade smart contracts, optimization.

27:37
Speed improvements and fee reductions. You know all the good stuff that we expect for you know improving daps. Then we also have a pro version for institutions. So this is where large amounts of Liqwidity is coming in. The last thing they’re doing here is Liqwid BTC portal for Bitcoin users. So they’re embracing this Bitcoin charge this this movement from Cardano in with the Bitcoin ecosystem opening up DeFi for Bitcoin users. So they are.

28:06
probably going to be the borrowing and lending protocol for Bitcoin users. But I really think Liqwid Finance has captured that market a lot better. They’ve early and they have a really big footprint and a lot of yield rewards. Now I know from a lot of my YouTube comments when you state when you see high yield rewards, think, mm, rug pull, scam.

28:31
I don’t think so in this case. And let me show you this next bit why they have a really interesting way of how the interest rates work within the Liqwid finance ecosystem. And it is a dynamic rate and it’s powered by market utilization. So it’s not just a interest rate that is set within the platform.

28:57
the interest rate changes based on the utilization of that particular asset. So for you going into Liqwid finance, you may be providing Liqwidity as USDC, USDM, USDA, whatever stable coin it might be, JED for example. And the more of that Liqwidity that is added into the platform, that kind of gets diluted. And if no one’s using it, what’s the point? Everyone’s putting in this Liqwidity and no one’s actually borrowing.

29:25
it and doing some cool things. So hence you’re just giving away assets for free. So this way with this dynamic rates, they’re actually change it based on how much it’s actually being used. So if the user, if the platforms are actually using it, then it will actually change based on that usage. So let me go through this thread so you get a better understanding of it. How does Liqwid calculate interest rates?

29:53
It’s not guesswork, it’s dynamic, data driven and tallied per asset. The model automatically adjusts based on real time supply and demand in each market. So let’s break this down. we go. Problem, inflexible interest rates break markets. On Liqwid interest rates adapt instantly, responding in real time to the market utilization, ensuring Liqwidity remains balanced, capital stays active and markets function efficiently. Enter the utilization rate.

30:23
This is the percentage of supplied assets currently being borrowed. UR equals total borrowed divided by total supply. Higher UR, higher borrowed interest. High supply APY. The Kink Point model, balance plus protection. Each asset market has a defined utilization threshold. The low Kink equals steady rate increase. Beyond Kink, sharp rise to discourage further borrowing.

30:53
to encourage further supply. This keeps markets Liqwid under stress. Each market is uniquely tuned based on rate, the floor, the kink point and stress zone, slopes how fast rates rise before after the kink. The Liqwid DAO configures each listed token for borrowing with different interest rates and models, and JED pair for example. Why it matters? More responsive than fixed rates helps maintain Liqwidity, align supply borrowing incentives across assets,

31:21
Ready for deep in mechanics part two drops tomorrow now there is a part two and you can go through that one as well but like I said it’s a more detailed breakdown of how the interest rate works but all you need to know is that this here this interest rate increases and decreases based on all these parameters here and this kink point is is different for different assets.

31:47
And if we actually have a look at the platform itself, we can see the supply APY and the borrowing APY. So this is how much it will cost you to borrow certain assets. So you can see costs you for USDC here, it costs you 30%. That’s really high. All right. That’s a really high interest rate. But on the supply side here, it’s also really high, 18%. So with such a high

32:14
interest rate to borrow, it discourages people from borrowing this particular asset. And then on this side here, because it’s so high, this API encourages people to supply more of the asset. So overall, this, this, these interest rates encourage users to place more Liqwidity into the platform itself. So obviously here we can see that it’s at a 7.4 million total supply. So I believe they’re trying to go for more there.

32:44
You can see the utilization of this is at 75.17%. So 75 % of this 7.4 million is being used at the moment. So even at that high interest rate. So I’m guessing when people brought it, was at a lower rate and as more and more people borrowed and that utilization went up, we also saw this interest rate go up. And of course this one’s going up too because they want more USDC in the platform. So that’s the whole premise there to try and drive the Liqwidity into the platform.

33:14
So really cool stuff. really like once I never took the time to understand these mechanics because it really went over my head. But as time went by and I understood simpler platforms, I really have come to appreciate how powerful Liqwid finance is and the time and effort they’ve put into how the mechanics and all this works. It just makes more sense to me now that I’ve had four years

33:43
to understand it. It’s taken me a while, but I’ve come around now guys. All right. So any of those Liqwid finance guys that been saying, Pete, you need to look at Liqwid. I have, I get it now. It’s really cool. I’ve missed out on the early, early times, but yeah, it’s, it’s awesome stuff. You know what? It’s, it’s getting even better and easier. So that 17 % APY, the Begin Wallet team have done integrations into their wallet.

34:11
into directly into Liqwid finance. So you can mint a stable coin such as USDM and then directly within the wallet, you can lend it out and earn all in the same interface. So begin wallet, they’re integrating in stuff like that to make DeFi really easy for users. I haven’t tried it myself yet, but this is the interface that you kind of see here. So you can mint USDM if you’re in the US or in the

34:41
on NBX if you’re in Europe and you can start earning interest here by lending it directly into the protocol via the wallet. Amazing stuff. So really cool stuff that the Begin Wallet team have done there. I’m taking advantage of what the Liqwid Finance team have. So really, really cool stuff. Congratulations on this particular integration. I think it’s absolutely awesome. Now we’re moving into some of the smaller ecosystem projects here and I want to give a shout out to this particular project here.

35:10
I asked for some updates like tell me what’s happening in the ecosystem and I’ll give you guys a shout out. And this is one here that I thought I’d give a shout out to. And they reached out to me via email and said that they’re building a brand new website which will cover everything in the Kidano ecosystem, how to get started, et cetera. But I thought this here was something good to highlight and this is their X list. Now lists are great if you want curated content from certain

35:40
ecosystem players. So there’s a lot of people that are worth following, but there’s a lot of people to follow. So your, your account might have, you know, thousands of people that you’re following and you’ll dilute the focus of who you’re trying to follow. So you, you know, you may be following cat videos, for example, but you also may, may be following Cardano users. And this is a great way to consolidate all those particular users that you want to follow into one list. And this here is

36:08
their Cardano list and they curated all the projects and all the people worth following within the Cardano space. I think it’s brilliant because it helps me curate content for you guys. So this is something that you guys can follow as well. So you can have a good list of projects out there that are doing some really cool things. Now, AdaStack, this is their website. At the moment, they have a lot of introductory content around blockchain, around Cardano staking community ecosystem.

36:36
daps within the ecosystem and much, more. So if you ever wanted a starting place, AdaStack is definitely a really good one to start at. So if you wanted some information to give to people, you’ll be able to find it here. It’s pretty much covers everything. The other thing is Cardano Cube, the other website that you may want to look at because it explores a lot of the daps in the ecosystem. So this is it here, Cardano Cube, and they do a really good job of covering and

37:05
making sure every project that is building on the Cardano ecosystem is listed. They also have all the ones that have died off as well. So if you want to go back into time and find out what was building within the ecosystem, they do have that as well. So you’d be able to find it all there. But both these projects, absolutely awesome. Check it out, AdaStack, adastack.io and Cardanocube.com.

37:30
Now my last video update, I gave massive shout out to Vespa because of all the partnerships that we’re doing, but this came out right after and they are open sourcing parts of Vespa wallet. So I think this will be the first mobile wallet. Could be the, yeah, no, no, the very, definitely the first mobile wallet is open source, not completely open source, but a lot of it is. So I probably wouldn’t feel comfortable open sourcing how the wallet part is created.

38:00
But the general operation or sending parts, smart contract integrations, whether it might be open sourcing that probably is a good thing because then you can get that audited too. And then I’ll feel much, much better to know how the wallet works if it has a third party audit. So this is a great move by the Vespa team. So congratulations for going down the open source path. Now talking about audit, Misumi, these guys are building the payment rails for agents. So remember what I was talking about before with a Gentic.

38:30
and their agent and their payment flow here. Essentially what they’ve got on the Misumi network is those payment rails. So that particular AI agent could use their payment rails to make all those smart contract payments. Smart contracts being done here. Why double up on work? You can use the smart contracts here to make those particular payments and do that split revenue sharing between your stakers and the operational costs.

38:57
So really cool stuff. So congratulations to the Misumi guys for getting their audit done. And if you want to read the audit yourself, Patrick has put up the audit here is done by TX pipe and you can read how the smart contract was audited and all the details behind it. So it’s all there for you guys. We can actually check and review how it was audited and what was fixed, what was improved and what potential vulnerabilities there were. This next update here, Jarrah Waller, I did mention these guys in the

39:26
Not the last, but I think the video before that, and they were working on this integration of the Google account into your dashboard on the general wallet dashboard. So you can log in and create a wallet with your Google account. Here we go. So your user comes in, clicks on Google sign in, they’ll choose their Google account, type in their wallet name, and then they’re sending password. Not their Google account password. This is a sending password for their wallet. That goes away, gets created.

39:55
I have no idea about the mechanics behind this with ZK Fold and how that works with their zero knowledge proof side of things. I think they had a callous proposal to create this solution, but Geri Wallet looks like the first one to integrate that solution directly into the wallet and see how easy that was. See how easy that was. So normally when you create a wallet, you have to create or use your seed phrase. That’s that 24 word or 15 word seed phrase.

40:23
that you have written down somewhere and secured. In this case, you’re just using your Google account. Your Google account is a password that you usually remember and hopefully you don’t ever get it hacked. But you’ve got two factor authentication on that. So it’s a lot harder to hack, especially if you have that 2FA on. So it’s really cool way of onboarding a regular normie user that isn’t used to seed phrases and all this complicated security.

40:53
So really cool stuff here from the Jero dashboard team. I think they changed it to Jero dashboard, Jero wallet dashboard, or just Jero dashboard. Jero dashboard, there we go. So awesome work there guys for integrating. It looks really, really cool. Now this here is a bit of an older news story. And I mentioned it a little bit before as well, but this is the integration with Bodega markets and sundial. The article here was written up and placed on Binance and there’s a lot of eyeballs on Binance.

41:23
think it’s called Town Square or Marketplace. What’s it? Binance Square. There we go. Now this here, it isn’t written by Binance. The square here, Binance Square, anyone can post news stories up on here and they curate them. And if it’s a good news story, they’ll allow it to be post. But this is some of the details around this particular integration with Sundial. Let me get you the details here. So Bodega Markets, decentralized prediction markets.

41:50
is integrating Sundial and Sundial connects ADA with Bitcoin through an L2 tech. So they’re an L2, I believe they’re building on Midgard and they will allow fast transactions but then also the cross-chain interoperability between Bitcoin and Cardano. So it’s welding the two massive ecosystems. Bitcoin holders can now interact with Cardano smart contracts via Sundial.

42:18
This is more Liqwidity, more users, more opportunities. Awesome stuff. Cardano developers now gain access to Bitcoin’s Liqwidity without waiting for sluggish L1 bridges. That’s the idea here. So this is big for anyone that is integrating things in. So if you are building a DApp, you should probably consider looking into Sundial and what they have to offer to make this a reality. So awesome stuff there from the Bodega team and

42:47
the Sundial team. can’t wait to see Bitcoin users start using prediction markets on Cardano. Now talking about Bodega markets, that’s a nice segue there. But this is looking at the growth stats of the platform and they’ve been doing really well. Just like Stripe finance growing stronger and stronger, the Bodega team have also been growing and taking everything within their strides. This is really cool. Let’s have a look at the Liqwidity here on DeFi Llama.

43:16
You can see the stats here. put up the Bidega price cross reference with the TVL and you can see they’re kind of coming in line here with each other. So as the TVL goes up on the platform, there’s more usage. So is the price of the Bidega token as well. I don’t know what Bidega means. What is that name? If someone knows, please let me know in the comments. I have no idea what Bidega means, but this is really good to see that one of Cardano’s

43:45
recently launched platforms is doing so well at the moment. So they launched just, I think, just before or after the US elections in November. Now, I thought I would give this a go and put a bet down on one of the prediction markets. And this is something that, you know, the one I chose is probably an obvious one. For those that don’t know, I do box. I enjoy going through crypto markets, looking at the technical things here, building some really

44:13
Uh, in interesting integrations with Cardano press, but then getting into the ring and punching the shit out of someone. I absolutely enjoy it. So anyway, that’s the sidetrack. Uh, this fight here, Usek and Dubois, I think is going to be a really cool fight. So Usek is a world champion in the cruiserweight division and he moved up to heavyweight. He unified all four belts. Um, I train at the gym where Jai upper tire.

44:40
is training and he’s got two of the belts now in the Cruiserweight division and is moving up to get the other two belts. So, you know, I love this division here and Usyk and Jai are both Southpaw’s. So they fight with their right foot forward as opposed to their left foot. So personally, I think that’s a major advantage. Hence, I am placing a bet down for Usyk to win. I only put a hundred ADA down, you know, only put in what you can afford to lose and a hundred ADA I can afford to lose. It’s essentially

45:10
140, no, 117 Australian dollars at the moment. So I can afford to lose that. It will be still painful, but a win would be better. Anyway, the point is I participate in Bodega markets and I think it’s something that you guys can try out and have a little play with it. It’s essentially just gambling, betting within the Cardano ecosystem, but they’ve done it in a nice way with the prediction markets.

45:39
If you look at poly markets, the polka dot, not polka dot, the polygon version of this, they have a massive evaluation. They have a massive amount of people using their platform. And during the US election, that’s when they absolutely nailed it. The prediction markets essentially predicted every single state and person to win. So they picked which one was going to win in every single state. That is

46:09
crazy I could I didn’t verify that but that’s what I read in a lot of the news stories that you know the pollsters out there the people are doing the exit polls or whatever. They’re pretty accurate but the crazy accuracy of the prediction market on poly markets was insane because they got it down to like a tiny fraction of difference to the real result so you know that this is the power of.

46:37
collective conscious collective mind going into a platform and putting in money, you know where they believe things will go and that essentially really showcased who was going to win that particular election. So the prediction markets, they’re crazy. Definitely the future here and all this data that is coming in is something that people are watching as well. So it’s not just the betting platform. It’s the data, the type of things that are coming into the platform.

47:07
Really cool stuff guys. Bodega Markets, do check it out. Now this project here, I really want to give a shout out to because we really need more projects like this. Shield is a project by CNFT tools and CNFT tools build really cool ecosystem stuff for all these NFT projects out there. So if you’re ever part of an NFT project and you’re in their Discord server, except for example, and you see buy and sells of NFTs, you get alert notifications in one of their channels. And this team built that.

47:37
They built all these different tools for NFT trading, also correspondingly can be implemented into token trade. But they built this shield platform for launching tokens within a trustless way. So they’ve got trustless token vesting. So this is what the platform does. So they do bespoke token launches, project listing pages on shield hub, trustless vesting via smart contracts, instinct sell off prevention.

48:07
transparent allocations, mandatory token allocation locks, milestone based releases to counter manipulation, public vesting schedules, verified status after token deposits, token tracking and analytics for community insights. So everything that you would want to protect the community and users in a token sale. So it’s making a…

48:35
as transparent and trustless as possible. So anyone that is launching a token, a serious project token can know that they have all these levels of protection within there. So they won’t get on the token sale, these bots sniping in at the very early stages or tokens magically unlocking early and investors dumping on you. None of that, because it’s all within the smart contracts. It’s all verified on chain and is

49:05
presented to you in a really nice way. So awesome stuff there from CNFD tools with shield. So if you are seeing a brand new token launch on the Cardano ecosystem and they’re using shield, you know that you have these extra levels of protection for doing so. So custom token launches here, they’ve got a custom token launch pages, third party handling of SNCC.fun launches. So if you’re launching a meme coin, they can do third party handling of that. Token distribution and Liqwidity transfer, custom members, member

49:35
integrations, whitelist, etc. AirDrops, Discord bots, buy sell bots. That’s what I talking about with their NFT bots, easily transferred over. AI agents and advertising. So everything you need. This is a white label service for NFT and custom token launches. So amazing stuff from the Shield team. This is the platform here. If you want to check it out, it’s hub.cnft.tools.slash.shield. Links down below in the show notes.

50:04
But this is what you will see when you come into the platform. If you are overwhelmed here, reach out to the team on Discord and check through the documentation here and they will help you through it. Now this is something from the Cardano Foundation. This is a bit of old news story, but I wanted to just give it a shout out because I thought it’s really cool. The Cardano Foundation supports the ecosystem by running nodes for various projects. Two of these projects are Oracles, Charlie 3 and Orc Facts.

50:34
These are two oracles that are really utilized within the Cardano space. And to have the Cardano foundation support them directly by running nodes, I think is a real seal of approval for both of those oracles. Sure, they’ve had issue growing pains in the past. know, Orcfax did shut down for a little while as well. But, you know, they recovered from that and they have the foundation supporting them too.

51:00
So it may not be direct financial investment in the projects, which they don’t do, but to run a node for them to support decentralization, I think is really important. know, Kandana Foundation do have really good engineers on the team and for them to be running these particular nodes and supporting the ecosystem, absolutely awesome. So hats off to the Kandana Foundation. Now, this is the Aiken, I can Aiken giveaway and John Green reached out to me and said, Hey Pete, I’ve

51:29
I can get some more of these books for you, for your listeners. So I’d want to give away some more of these books. So in the comments down below, leave a comment for me, leave your ADA handle or your Cardano address. I’ll collate them in a few days time and send them all to John. Any of them that come in after that point, I’ll try and drip feed them through, but I’ll put a pinned message up saying, you know, leave your

51:58
address down below and that pin message will change when I stop wanting to receive them and John said it’s enough, you know, I can’t handle anymore. But leave your ADA handle or your Cardano address. I’ll collate them and I will give them to John and he will send the book directly to you. I won’t be doing it, John will be doing it directly for you. So it’s easier process to claim these particular Cardano books.

52:26
Now, if you want to actually see what was in the book, so people did ask me about that, this is it here. This is the table content. It gives you a big broad overview of the history of blockchain and how it all works comparison to Bitcoin and Ethereum with the solidity smart contracts and the difference between UTXO and account models as well. So if you’re coming in from the EVM space, you kind of understand

52:55
this side of things and the account model, but you need to then wrap your head around UTXO, the unspent transaction output and how that all works within the Cardano and Bitcoin space. By the way, if you’re learning to write smart contracts in Cardano, you’re going to get exposure to Bitcoin ecosystem really soon. you know, just just a carrot there dangling in front of you. It’s a pretty big carrot, an orange one. And here we go. This is the rest of the book here. You would learn

53:23
some other stuff, scaling, Babel fees, Plutus core, and then it gets into the Aiken side of things. So Aiken in 2023. So this is when it first started getting coding, the basics, helper functions, and a whole bunch of other things that you need to know around Aiken as well. Let’s get into the Aiken basics here. You have a little preview of what it looks like. It goes into a lot of the details, primitive, byte arrays, variables and constants, how to set them, functions, recursions.

53:53
So if this puts you off, if you’re not a programmer and you’re looking at this going, nah, I didn’t get it. A book might not be for you. Maybe the first half of the chapters might be for you because it talks about blockchain and EVM and Solidity, talks about the coding. But once it gets to this point, it really does get into the nitty gritty and you will need to start coding itself here or understanding it all. But this is definitely good for someone that

54:23
is a developer and is wanting to get into the Cardano space. So John, thank you so much for providing more copies of this book. And if anyone wants it, like I said, leave your AIDA handle or your address down below and I’ll get them distributed to you by John. Now the last thing I want to do here is this was a comment on my YouTube channel and I’ll put a link to this comment down below as well. So if you want to really rip into this guy, you can, but he states, Cardano sucks man, delete this channel, please.

54:53
Now love how polite he was there to say please as well. But this channel ain’t going nowhere. Cardano is absolutely ripping at the moment. Maybe not so in price all the time, but definitely in the projects that are building on Cardano and are at the forefront of all of this tech. Cardano will reach the masses eventually. I know it will, but you know, all this tech, all these people that are building at the moment, they’re still going, there’s still more things to be done to really reach mass adoption.

55:23
I think all of crypto hasn’t reached mass adoption yet. And this particular cycle here, a lot of people, the retail users are ignoring it compared to what it was during the COVID times in 2021, 2022, where people had a lot of money and didn’t know what to do with it. So they were jumping into NFTs and crypto in general. This cycle, very different inflation. So high people aren’t spending as much. People aren’t paying attention. So we don’t have that mass adoption like we did last time. A lot of people jumping in.

55:52
So we’re not seeing Cardano or ADA’s price rise as much as we did last time. But there are definitely really good projects building and I think there’s a lot more to come and a lot more room for the ADA price to move with all that development and thriving ecosystem. So leave this guy a comment. Leave me a comment down below. What do you think about Cardano? Leave this guy a comment as well. Let me know what you think of him.

56:19
I’ve had some really good responses on this as well. So I may post them up. But yeah, I think it’s pretty cool what people have left me on this particular thread here. But do check out the links, show notes, everything down below. If you do want to become a channel member, please look at the links as well. All the details are down below there. And if you want to delegate to me as a D-Rep, details down there, can find my D-Rep ID or my stake pool as well. Ada Oz, you can delegate to me that way.

56:49
But if all that is too much, you could just leave me that thumbs up, like, subscribe, notification belt on your way out as well, that’d be really, really appreciated. And I’ll see you guys in the next video.