Welcome to the Block by Block podcast. Hey, thank you. So we were introduced from mutual friend who had said lots of really cool things. He told me lots of really neat things about Ppods and I wanted to get you guys on. So thank you for joining. Yeah, let's begin with your origin story. You know, to the extent that you're willing to share something about yourself and how you got into Web3, I think that would help the audience. And then we can transition to talking about Ppods. Yeah, so I got into crypto around 2020. This was when Bitcoin had first initially got to $30,000. And I was kind of thinking to myself, I heard about Bitcoin, I was so surprised about its price. So I went down the rabbit hole learning about blockchain, Bitcoin, Ethereum. And I sort of saw this like pearl within the oyster. And I fell in love with crypto. So I started researching it daily. And that was like four years, no, five years ago now. But at that time, from all my research, started hosting seminars with friends and family and got a lot of experience just communicating about blockchain. So I naturally became a crypto educator. And then I got my start at a crypto company in the US doing just that. was doing crypto education for clients and people who were interested. So it was super fun being able to just get paid to talk about my passion. And then from there, I still work with that company and I got, I started going down the rabbit hole of DeFi. And that's where I came across P-Pods back in January of 2024. And I was one of the earlier community members of P's launched back in 2023 December. So I came in just like a month after the launch. And from there, I just learned everything I could about volatility farming. I was so impressed by the technology and the strategies and About six months after that, I actually gave a proposal to join the team and help out with BD and also community support and growth. So it's just been a really fun time working with the team and being a part of the Peapods community. We have some of the smartest people in DeFi, feel like, and everyone's just so welcoming and super happy to share information as well. Nice. Now, DeFi, at least in the last, you know, through the bear, has had kind of a, there's been a lot of ups and downs, and I think it will eventually make a big comeback. Tell us what you're bullish about in the DeFi space. So not about P-PODs specifically, but maybe just DeFi in general. Well, for DeFi, I'm super bullish on any project that provides incremental yield. So that means like a project that can take a token that's already yield bearing or a strategy that's already earning yield. And then that protocol is able to put another layer of yield on top of that. So I really love Pendle. I love Silo as well. Aave, just, anything where we can take yield bearing tokens and actually put them to work. That's what I've always been. I was kind of focusing my research on for DeFi and I'm excited for the next wave of, hopefully we'll have another DeFi summer in 2025. I think it's just gonna be really massive because a lot more protocols are more mature and there's so many new strategies, especially with restaking, leverage borrowing, liquidation list leverage. There's some like Shazmoud does that. So it goes really deep on how many new technologies have been made since the last bear. Yeah, I was pretty early in Wi-Fi. I think I was one of the first maybe like 30 or 50 users of Wi-Fi and was really active during DeFi summer. I was even nominated to be on one of the sushi multi-sig signers at one point. And I remember how fun it was that I felt like we just all discovered this new thing that we could do on chain and it was actually useful. It was fun. We were making money and it was just such an exciting time. And I'm hoping we get to see that again. It's becoming, DeFi has become really complicated over the last couple of years, especially with liquid staking. I think that is... I think adding a whole layer of complexity and also opportunity. Tell me about the opportunity you see, or I guess what problem do you, P-PODs is a solution, what problem was it created to address? Maybe we could start there with the problem and then P-PODs as a solution. So I would say the initial V2 of our project that we were solving the problem of inflationary yields within LP markets. So you have like pancake swap aerodrome. You can go on there and add LP and inform their native token. But you're earning yield in this token that's incredibly inflationary. So most of the times that token is being dumped and converted back to another asset like ether stables. So P-PODs, its main focus was to kind of flip the script and provide a way to actually farm LP without earning a token that's inflationary. So when we had our TGE, 88 % of the token supply went to the initial LP, and then 12 % was reserved for the team, and that's also for continuing operations. So 100 % of the supply was completely in circulation day one, and only from there is P's actually being burned by the protocol. I think right now we're at like a 0.6 % burn rate. So it's really cool to see the protocol doing its buybacks every day with every arbitrage event that happens. You see a little bit of peas get burned. And if you're ever in the telegram, we have this bot that will summarize the amount of peas burnt every four hours. And with our LVF upgrade, we were solving a lot more, I believe, with the product. One of the hurdles we saw with our pods specifically people were happy to wrap their tokens and stake single side and have this liquid staking token and earn yield. But most people wouldn't take the next step and actually add LP. So you would see this imbalance between the just people like depositing and wrapping and the yield for that would be lower. And then the LPs were getting much higher yield. So we saw this is also a similar problem within all of DeFi. Liquidity is the lifeblood of all crypto. So with our our LVF upgrade, we're going to make it a lot easier for people to add liquidity and also reduce a permanent loss, which is like the boogeyman within crypto. And I think that's probably one of the most game changing things that Ppods is offering is liquidity that you can rent basically. Got it. So you mentioned a couple of terms there that Maybe we can define for the audience. So the first one is you said LP and so that stands for liquidity provider and that's essentially someone providing liquidity and they into a pool and users of that pool Will then pay a fee to the liquidity providers in accordance to how much they put in as liquidity something like that, right? Yeah, whenever trades happen, portion of those trades are a little bit of a fees taken back to the LP providers. And you mentioned leveraged. So LVF stands for Leverage Volatility Farming. And this seems to be a unique thing to P-PODs. Can you maybe explain what that is and why users should care? So I think I should explain volatility farming first and then put the leverage on top. So volatility farming is a strategy where you are earning fees and extra yield from the actual volatility of a token. So for example, if we have, let's say Bitcoin, a P Bitcoin pod, P Bitcoin will have its own LP and it has a vault contract, which is the pod, and there's Bitcoin within that pod. It collateralizes P Bitcoin so people can wrap and unwrap. where people can also go to the secondary LP and purchase pBitcoin. So it's really unique to us where whenever Bitcoin's pumping or dumping, there's price discrepancies between Bitcoin LPs and pBitcoin, the bot LP. So whenever that price discrepancy presents itself, an arbitrager, someone who is a trader who only is looking to close price discrepancies for profit, typically MEV bots, So a bot will automatically purchase P Bitcoin at a discount and pay a tax for that. And then they'll unwrap and pay another tax. And then they'll sell the Bitcoin that they unwrapped from the vault. And that's how they will secure their arbitrage profit. And that's in the case if Bitcoin's pumping. And one of the security features of our pods is we don't have an oracle that prices P Bitcoin. And that also is why P Bitcoin constantly will have price discrepancies that make it opportune for arbitrageurs to try and profit from. And yeah, that's the unique part about it because we're able to earn more yield whenever Bitcoin is just trading sideways or if Bitcoin is having extreme swings and that yield is converted back, a portion of that yield would be converted back into P Bitcoin because P Bitcoin is a yield bearing token. So the users of P Bitcoin are earning Bitcoin. And then whoever is providing LP to that pod will also earn P's. So we have a yield flow and the pod will automatically handle the yield flow of how much is being sent back as Bitcoin and then how much is going to market buying P's. 10 % of those P's are burnt permanently. And then the 90 % of the remaining P's that are bought are sent back to the P Bitcoin LPers. Got it. I think I got it. That's really, really interesting. Now, the perspective of the user, I guess, why would that be important for them? Could we articulate that in the simplest terms as possible in terms of maybe risk and benefit? Yeah. So if you're familiar with like KuCoin, KuCoin offers like a lot of automated strategies for your holdings. And volatility farming is kind of similar to this one strategy that KuCoin has where it'll set a bunch of limit buys as a DCA below the market price. And then it'll set a bunch of limit sells above the market price. So as the token like goes up or down, The theory is you're gonna buy the dips and you're gonna sell the tops. And that's very similar to volatility farming, but the main difference is with Kucoin and that specific strategy, it's very dependent on what price you start the strategy at. Because if the token just goes down forever, you're just buying more of that token and you're actually earning any profit or yield until that token passes the market price of where you started. What's unique about volatility farming and P-PODs is We're converting into yield every time there is a price discrepancy, whether it's going up or down. So the market price isn't relevant because it's a floating price. And it's very similar to just constantly DCA buying and selling, we're detaching the entry point market price from the user. So it's really easy for someone to just come on our website, add LP, and the strategy will run automatically. And it's a way to actually profit from the huge MEV economy that Ethereum has without needing to have the technical knowledge of running a bot or also being online eternally trying to capture arbitrages. Someone else can do that for you and you just get paid yield for offering that arbitrage opportunity by creating a pod and adding LP to it. Got it. Now in terms of like your users, LPs are one set of users. And then are you also looking at traders to be able to trade on P pods? Actually, yeah, we are talking to some aggregators because we have, I believe, north of like $10 million in LP on our protocol, probably north of 20. And we're on four different chains. So we've been talking to aggregators to actually start aggregating our pod LPs for normal trades. So if you're like someone who's going to buy like Olympus DAOs token with like ETH, OM has a lot of liquidity on our platform. So maybe you would actually get a better price if Part of your trade was routed through a pod and unwrapped for the OM token and then sent to you. The trader doesn't even need to know actually that part of that trade is being routed through the pods. the end result is you get a better price impact and sometimes you may even have positive slippage where you capture a little bit of a profit. And that's going to be really good for traders and as well as our platform because We're just going to be pulling in a lot more volume and more volume equals more fees that we accrue. And that's a more revenue for everyone and more P's being burnt. But there's a couple, there's a couple use type of users for our platform. We have the, the MEV operators. They're the people that run these automatic bots that are arbitraging all the pods. We have like 270 pods. Then you have the, the single side depositor that someone who just wants to stake their token and get this yield bearing token. not necessarily add LP and just sit tight and earn yield. And then we have the LPs and that's someone who wants to take two tokens that they're bullish on or bullish and neutral on. And then they'll earn extra yield than they would have if they just put liquidity within Uniswap. One thing that's unique for our protocol as well is because our pod LPs are natively launched on Uniswap or Aerodrome or Camelot, depending on the network. You're earning you're still earning the normal V2 Uniswap fees, which is like I think 0.3% and that yield is auto compounding within the LP But then you're also earning the additional peas yield and then you do have exposure to the yield bearing token that you deposited So you're earning three sources of yield there in the current stage LVF will take that a step further, but maybe we can get into that a little later Yeah, you mentioned that P-PODs is on four chains. Which chains are those? We're on layer one, we're on Arbitrum, base, and mode. And we're looking to launch on Barret chain once Barret goes live. You know, the, for what I understand a bear chain, think peapods would be a really, really good fit. The, the analogy that they use is the, this idea of aggregated liquidity. And so, um, and I think sugar bearer talked about it, imagine a mall and each mall has a store, but all of those stores have kind of shared resources. Like they all share the food court, for example, and, um, other services like janitorial services. so aggregated liquidity is the same thing with each application on bearer chain is going to be their own thing. But there's this aggregated liquidity layer that all the apps share. I don't know the technicality behind that, but it sounds really, really interesting. And it sounds like a big innovation to liquidity in general. And it sounds like It feels like peapods could be a really good fit for for bear chain for what you guys are doing and what they hope to be doing. Yeah, you're 100 % spot on. That's why we're very excited to get ready to launch on Berra. Because they are, as you mentioned, aggregating liquidity and their whole consensus mechanism is focused on liquidity, which is the lifeblood of crypto and DeFi. think liquidity is probably just as important as native staking. And with their consensus mechanism, they're actually going to be rewarding people who add liquidity on Berra. with their BGT token. And given the nature of our protocol, we are aligning ourselves to be the premier hub of capital efficient liquidity. And once we do get on Barra, we're going to be earning a lot of BGT for our users. And as I mentioned earlier with LVF, people will be able to rent liquidity. So you can bridge to Barra and actually take part in the liquidity mechanisms without having full exposure to the LP, you can just rent that other side of the LP and now you're just adding LP with more size as well. You're earning more BGT and also the project as a whole is benefiting. That's really cool. Now in DeFi, one of the big challenges from a user acquisition perspective is that a lot of users just chase yield and some of the capital or probably most of the capital is mercenary, meaning that they participate in a DeFi protocol just for the yield. And then once they get the airdrop or once they collect their or claim their yield, they move on to a different one. Is that a problem that you've seen with P-Pods? And if so, how do you guys address that? Actually, I wrote a one pager about mercenary LP providers. I think it's a very interesting concept that we see in crypto, or I should say phenomenon. But with P pods, we actually solve that problem for projects. Someone, let's say we have actually a project called EFI on our platform. They've aligned their treasury with their pod. And right now their pod has about like $800,000 or $700,000 in LP. And that's not including just the other TVL that's just faking. And their native LP, believe is like only $1.7 million. So like 25 % of their total liquidity is within a pod and they've done extremely well. They're printing, I believe like 40 or 50 % APR could be higher than that for the LPs. And then they have their yield bearing token, which I believe is earning like five to 7 % in PEFI. And it makes more sense for a project to incentivize users without needing to pay their users. When, when EFI launches or launch their pod, they didn't have to send any EFI themselves to the contract. They don't have to dilute their token to incentivize that excess liquidity. All they did was just, added their own liquidity, which they would have added already into the pod strategy. It started printing excess yield then. normal LPs and that attracted their community. That's really powerful because now you get a sense of more camaraderie and you're way more incentivized to just hold your token. And as long as you're just bullish on it on the long term, you're actually happy to see the swings up and the swings down because you know you're capitalizing off of those inefficiencies from traders just dumping or pumping it too quickly. So it sounds like peapods welcomes mercenaries because it becomes a source of yield for peapod long-term holders. Does that sound right? Well, mercenary LP providers, they're typically people who take that inflationary yield and leave. Most of the people who are on our platform, they'll come in and add LP and they'll stay. It's very sticky liquidity. We don't really see too often that a very large pod gets turned off. Most of these pods will, they will run perpetually depending on the lifetime of the actual token. But we do welcome those traders, the people who are just very short-term minded and don't actually care about the token itself. They're just trying to profit. They're the ones who cause volatility and that's what the, I would say, angel LP providers, like I'm thinking of like a good and bad sort of comparison here. Those LP providers for the pod, they're the ones who get to benefit because they're adding more liquidity to their token. They're dampening that volatility, converting it to yield. And the project doesn't have to inflate their token and hurt holders just to have these good LP providers on their side. Yeah, that makes sense. Let's switch to marketing campaigns. Now, a lot of DeFi is really dependent on kind of the brand strength, as well as kind of the yield opportunities. And so you've got some people that participate, DGENs that participate that are kind of focused on the yield, whereas others are really also looking for some kind of level of trust and brand awareness that that they feel comfortable risking their capital somewhere. What types of campaigns or marketing tactics has Peapods done to grow brand awareness and also user acquisition? So we have partnered up with some marketing firms to make videos for us. We have really cool hype videos that we will launch for pods that perform well. And we have really good explainer videos. We have videos on YouTube. But in terms of user acquisition, we're always, me personally, that's my job as BD is acquiring more TVL for the platform. And what I like to do is just be in the trenches, just rub elbows with the community members that I'm trying to, EPIL is what I call it. I'll join the telegrams. I'll explain the strategy. I'll show a case study or proof of their tokens already potted. Sometimes a community member will do that, but not necessarily share with the rest of the community. So I'll just spread the word and it's very peer to peer and we've grown very organically from it. And it's cool to see like our user base stick around because of that. And we also have some programs where whenever someone launches a pod, if the pod earns more than $1,000 in revenue within the first month, we'll actually pay a 10 % rebate. And we call that our pod referral program. So you can add your own liquidity, you can bring your friends and add liquidity, and you'll get a rebate if that pod performs.$1,000 is pretty easy to reach, so anything past that, we'll pay 10 % back as that rebate. And we also are looking with partnering with larger protocols Actually, I was just speaking today with with Harry Potter Sonic Obama and we always like to go after those a cult minded communities because Information spreads like a wildfire and they're just those those type of like cultish meme coin Communities just want to earn yield and are happy to experiment so we know that if we attract the DGNs first and then They see this is real yield. This is they're getting safe leverage then the that will trickle down the ecosystem and then we'll have larger institutions and users join our platform because of that. And actually there is a, we have a community led hedge fund, which is really interesting. This is just completely ran by a community member and they've acquired like 3 million in commitments for our LVF update that they're going to add into liquidity. And then one other thing we do have another community led project which also just shows how amazing our community is. They take this up on their shelves and will build out the ecosystem. We have an AI agent and it's called P-Guy. That agent actually is specifically designed to launch pods, farm volatility, and burn its own token from the yield it earns. Let's talk about that. What's the AI agent built on? that on AI 16z or ELISA or maybe tell us about that. Virtual's got it. how, I guess, is it executing on strategies on behalf of the user? How does that work? Or does it? it's running its own wallet and P Guy is currently still in training but it's already launched a couple pods. So I've talked to the team for P Guy and they want to make it so that anyone within X can just tweet at P Guy and P Guy will launch a pod for the token that's being tweeted at him. And then P Guy is also scanning the markets as well and finds opportunities of really high volatile coins. I assume it's doing an assessment of that token as well. And yeah, it has launched like a pod for its own token. It's launched a pod for ODOS. It's launched a pod for virtuals as well. Especially considering the volatility virtuals having with the big announcement they had of their buyback program. So it's really cool to see in that. And the wallets are obviously transparently in the public. So people can go look at P Guys wallet and see the LP positions it's holding. and then see the peas it's earning. And it'll use the peas yield to launch more pods and also burn its own token from that. So people who buy the P guy token, they're sort of like betting that the agent's gonna perform well and burn its own token and do buybacks because of it. And the team has done like airdrops to like incentivize people to add a piece. So that's really cool to see. That's really interesting. And I'm expecting to see more of this, more AI agents executing on specific strategies. And strategies can be financial in nature, or it could be strategies around marketing, or really just any kind of set of work, which is really, really interesting. And that the fact that P-Guy manages its own wallet, which is crazy. I'm curious to see where this goes. That is really interesting though. Yeah, I agree. It's super cool. I got in during the bonding for P guy and I'm just holding. added LP to the token as well. I'm happy to do that. And yeah, the airdrop was really cool how much they gave and they did it in such a unique way. This was actually like the first time a project's done an airdrop through P pods. They actually purposely forced price discrepancies during the airdrop phase. So they only airdropped like $14,000 to like 100K of LP. So each, if you had like $1,000 in LP, you got like $140 in P's. But what they did is they deposited the airdrop funds directly into the pod contract, which forced a difference in the exchange rate between the PP guy and the normal P guy token. And because they were depositing it like directly, bots had to come in and reprice the LP. But for doing that, they were paying taxes. So with only $14,000 of that airdrop, they generated an extra $2,000 in arbitrage revenue for the LPS during that process. And this happened like really quickly all within like the span of probably 20 minutes. holders actually ended up getting, LPS actually ended up getting $160 for every thousand dollars of LP they added. and the project themselves didn't have to give out as much. There was this excess yield that was earned from the airdrop being given. That's cool. And as an example of how to manipulate a market in a way that benefits the users. that's pretty cool. Yeah, it's one of a kind and that's one thing I want to talk to like more projects about and tell them like, hey, if you ever want to run a program, run it through a pod, like incentivize your long term holders. Those typically are your best people. And for doing so, you're going to earn more revenue for yourselves and for the token and for the LPs as well. it's just a it's a three three scenario. It's just a win win all around for everybody. Now you mentioned you lead business development at P-Pods. What does your pipeline look like in terms of which projects to partner with and some of the mutual benefit that P-Pods can provide the partner and how P-Pods can benefit from that partner? So we always like to think of our product as purely a positive sum addition to whichever protocol is using us. There isn't actually, without any leverage, there is no downside to just adding liquidity to your token if you were going to do it anyways. Through a pod, I should say. But yeah, we've been looking and talking with some restaking providers for Bitcoin LSDs and as well as ETH LSDs because when LVF goes live, We're going to have lending options for people who are holding those Bitcoin LSTs. Our goal is to provide the highest Bitcoin yield in crypto. So someone with TBTC that's already earning, I think it's earning like 3%, 5%. They can then come to our protocol and lend it for an additional maybe 10 to 30%. We won't know what the yields are until the product goes live next week. From my calculations and my understanding of the protocol, I'm easily expecting it to outpace anything else in crypto just for single-side lending and that yield is actually paid back in Bitcoin. So it'll be extremely unique and really low risk for these LSTs and LRT projects to run a campaign with us and point some of their users to earn some points and add liquidity to P's or lend their Bitcoin. It's just really cool to see. And actually, this reminds me of a Twitter post I saw recently. This guy was talking about how Lido made this campaign really early on for rapstakedeath. And it was like, be a hero in DeFi and rap your stakedeath and go take your token, add liquidity, go trade it, lend it. But what ended up happening is there was so much dilution and not enough yield being produced. So if you go and lend Wrap state the ethon of a yearning like point zero three percent in Lending on top of the yield the tokens already earning so it's kind of it's just very mediocre and there was a lot of just like hype built up about like Liquid staking and being able to be a hero within DeFi and I liked how the guy like presented this Like the backstory of it and and with us We're actually now giving options for those LSTs and yield bearing tokens to come to us and earn that hero yield that they wanted to earn from the beginning when LIDO first started this LST campaign. You bring up Bitcoin, the Bitcoin ecosystem. Now, know, Ethereum and all the other chains that are non-Bitcoin chains, you know, they've enjoyed DeFi for the last couple of years. We haven't really seen BTCFi or DeFi in the Bitcoin ecosystem yet. Why do you think that is? I think it has to do a lot with the Maxi mentality. Bitcoin Maxi is someone who is very purist and believes Bitcoin is the best asset in the world and they don't want to risk losing exposure or even risk any sort of smart contract risk. But there is obviously limitations of the Bitcoin blockchain itself. DeFi doesn't exist just because of the actual protocol. But we are actually speaking to this really unique project called Covault. They're actually creating a permissionless bridge between Bitcoin and Ethereum. So a user on Bitcoin can actually natively deposit Bitcoin within a vault and select a strategy that fits their risk profile and automatically in the backend permissionlessly, it'll take that Bitcoin, convert it, bridge it, deposit it into the DeFi strategy and then send back yield and convert that back to Bitcoin to the user. Whenever the user decides to withdraw on Bitcoin mainnet, it'll reverse the strategy and convert whatever assets it needs back to Bitcoin. And their main focus is using Bitcoin derivatives on Ethereum or EVM chains. So we're very excited to work with them because we're expecting north of seven figures of deposits from their users. for Bitcoin lending and potentially some actual people wanting to leverage Bitcoin. So they'll have some risk profiles associated to that that users can pick. Yeah, the amount of liquidity that could be unlocked in from the Bitcoin ecosystem once DeFi becomes native DeFi becomes available is massively huge. And so I speak with a number of BTC Bitcoin layer two projects and they're all very excited and many are, you know, we'll see how 2025 looks maybe 2026. but many are trying to tackle that exact problem, unlocking DeFi natively on Bitcoin and what that could look like and the amount of liquidity that could be unlocked is massive. Yeah, I totally agree with you there. It's like the three gorges dam in China. It's just so much liquidity is being blocked off and held back and a little bit's trickling. But once people within the Bitcoin ecosystem feel comfortable, it's going to just be a big rush. You even might see that this cycle. But I think it's really cool that inscriptions and ordinals have came up within the Bitcoin ecosystem. because this is sort of like the first proof of concept for DeFi on Bitcoin. And I think it's also sort of made the Bitcoin holders a little more comfortable to try new things with their Bitcoin and not being afraid to, you know, use a software that helps them earn more money or even convert their asset into like an NFT. I think it's just slowly we got to make them comfortable and defrost the Bitcoin holder mentality. I agree. Well, Dell, before we end, is there any kind of last words that you want to share about Peapod? Anything that the audience can look forward to in the next, I don't know, three, six, nine, 12 months? Well, I do want to talk about the actual benefits of LVF to finish off and this is sort of like the icing on the cake. So when a user who comes to our platform, as I mentioned, they can rent liquidity. How it actually is working is someone with like 10k of Bitcoin, RAT Bitcoin, is able to now borrow 10k of Stables or 10k of ETH and add LP with 20k. So now they're farming their their LPAPR with 2x their normal size. And the best benefit here is they have a 70 % liquidation threshold. There is nowhere else in crypto where you can borrow 100 % against your assets and have a 70 % cushion in case something goes wrong. And we're even allowing users to take that a step further with over leverage. it's sort of like a degen mode that you can toggle on. But with over leverage, if I have 10k of Bitcoin, and I want to go 3X my size, the protocol will actually help you borrow an additional$5,000 of Bitcoin and then borrow $15,000 of your stable or ETH. And then now you're adding LP with 30K from your initial 10K. And even with triple the size, the liquidation threshold is around 50 to 48%. And that's still unparalleled leverage efficiency that you won't find anywhere else. Like for example, Aave, they don't let you borrow 100 % against your asset. I think the highest is like 80 % on just ETH and like maybe 95 % on stables. And then with like the ETH borrowing and lending, if ETH drops like, I think like 15 or 20% and you're at the max LTV, going to get liquidated. it's super tight and you're not actually getting that much leverage. So it's really unique how our protocol is able to provide such high leverage but still such a large liquidation threshold. And those loans will be self-repaying and auto-compounding as well. if I then decide to exit that strategy with the yield I've earned, I'll take back Bitcoin as my yield and my loan will be repaid and handled in the backend. This will be like a really easy one-click setup on our platform where someone can just come to our platform, pick a yield flow saying, I want to either lend or I want to borrow. And then yeah, they just go down on their volatility farming adventure. You know, there's so many things we take for granted in DeFi that doesn't exist in like the TradFi world. Just the fact that you can, you know, choose a strategy, automate certain tasks, automate a workflow, and then repay back your loan, like over time is really incredible. Like that doesn't really exist in the TradFi world. And it gets me really excited for, you know, what the future holds for DeFi. especially as it becomes more mainstream. Yeah, I agree with you. And that's, that's what I'm super bullish about for P pods for like the next like nine months is just seeing how much liquidity we're able to generate on our platform from people leveraging. And, know, once we're on bearer, you're going to earn leverage BGT just because you're going to borrow and add liquidity. So I think over the next year, we're going to see P pods start gaining like ridiculous mind share and, and potentially, you know, become one of the blue chip DeFi protocols alongside Uniswap and Aave and Wi-Fi. So yeah, I'm very excited for the future and what lies ahead. Amazing. Well, Dell from Ppods.finance. Thanks so much for spending time with us. Thank you so much, Peter. I appreciate the time today and the platform to be able to speak about our product. bet. Thank you. Alright, take care.