Scrib3 Comms Weekly Call #2

March 22, 2023
0:00 Introduction • 0:49 Content planner • 16:48 PR plan • 22:53 BD plan • 37:52 Wells oracle framework • 42:42 How Scib3 will work with Beanstalk Farms? • 50:55 Closing statements


Meeting Notes


So quick rundown where, you know, the way these meetings are going is we're going to go through each section of of kind of our responsibilities and things that we're working on. And we're going to kind of provide updates about every single category. So the four things that we're kind of, you know, been tested to from the Dow is from B.F, is to do one for our content social PR and BD. So we're going to run through each of those and we're just going to like every week we're just going to give you updates on each of these kind of categories that we're working on. So as far as content, like let me pull up another command. So again, this is the main notion where you're going to where all the money happens. And so what you're going to see is the main thing I want to go through is the putting calendar here. This is why, you know, anybody that wants to know kind of what the scribe guys are, where you can always come to this content calendar and see what is on the agenda. Okay. So today what we're going to see is on people, we're going to put together a so what we imagine kind of being able to be is like a cross between kind of the bull stuff like, you know, flexible UX people, whatever, like should posting plus like intern account. So it's kind of like a cross between the two is where we kind of see it. So first thing we're going to do is we're going to recap the conversation cubes and Chris Black up just to kind of, you know, shock you. I think there's a lot of great insight there. There's a lot of great analogies. And and he pushed back in a lot of great ways. So first thing you're going to see is you're going to see today we're going to put out a kind of a Internode style. It's going to be like screenshot, you know, 2 to 3 pictures, just kind of giving a recap of the conversation with Chris Black. Right. Same thing. You're going to see on Friday. We're going to recap the conversation that's going to happen tomorrow at 210. So that's like like one form of content you're going to see on the Bible account. So tomorrow we're going to put up a Twitter thread kind of explaining and introducing being farmers so you can look for some community support on that wrapping that thread up. But essentially it's going to be it's going to be like what is being farmers like, Why is what is this new Twitter account and like why we're doing this? So it's going to hit a lot of things about like big picture mission. We're going to get a lot of the USDA stuff. We're going to have a lot of the biology, hyper Bitcoin ization stuff. So I think it's going to be really topical and I think that's going to be like a good kind of banner to come out to kind of launch the big farmers account. Okay. So next week, you know, as far as regular content, you're going to see like, you know, we definitely want to be kind of mini ship hosting on, you know, you know, we want have some fun on the main bean farmers account because you know, community on community driven. And obviously our community is a lot of fun. So we want to make sure we're excess meaningful. The player that's been able that account you know so that post yeah this is our beanpole yeah we're going to have to be going and then on the beat farmers account we're going to start this whole run of educational content, right? So the first one that we're going to head is like y B Right. And so, you know, if you guys want to check out, there's a type pulley link right here. If you guys want, I can kind of pull it up and show you guys what it looks like. Yes, it loads up, but essentially it's going to have an opportunity to type for the link where anybody that wants to and we can opens up to the entire community, anybody that wants to come in there and that it's not it. I think maybe she posted the wrong link. I'm like, Oh, you know, I think there's that that log and shit that we have at the bean farmer that we need to change the password. But essentially you'll see that, you know the thread, you know, as long as there's no, you know, objections to it, then it'll just go on and post on Monday. And so that's going to be a thread about like, you know, why being why we think this is a word kind of building kind of more of like the thesis behind it. Right. And then Tuesday, what you can see is you're going to see, you know, a probably a cool tweet or some kind of reply or meme from the beet Farmers account. Wednesday, we're going to see our first longform article that's coming next Wednesday. So we're already working on it. We're going to try to get a draft in by, you know, Monday and then Monday, Tuesday we can kind of, you know, finish fixing it up, you know, have pubes, look at it Wednesday. We want that to go out. So Wednesday was going to be so we're going to do like a trilemma analysis, right? Like why being is not only, you know, decentralized, but it's also scalable and it's also, you know, has stability. Right? So like, you know, kind of the solve for the entire state by Trello. So we're going to put an article out kind of breaking that down and then we're going to follow that with a Yeah, this would be the Twitter card. So this is going to be the Trilemma analysis, right? Here's an outline for, you know, we're going to find each term why each of these things are important. We're going to give examples of the popular stablecoins like, you know, give a little bit of analogies as to, you know, where everything else lies on this kind of triangle, you know, the decentralization model of DAO structure, you know, PEG mechanisms, like we're going to kind of outline all of that. This is going to turn into an excellent blog post, and then we're going to accompany a Twitter thread, write every blog post. We like to open a Twitter thread with it to make sure that, you know, we're not just putting out these blog posts in a vacuum. It's like you know, we'll put a Twitter thread in at the bottom, we'll link this blog post. So doubling kind of the view of not only like the Twittering block, but also, well, not only the Twitter, but then also making sure that the blog is getting like bumped. And so, you know, more total impressions for the larger kind of, you know, big websites. And so that's something that we can pretty easily track there. Like, you know, seeing that are these tweets and that effort we're putting in actually translating to like people being interested in the protocol, visiting the website, unique visitors, things like that. You know, next thing is like we're going to put some tweets like, you know, plugging the barn door meeting, Right. So one, you know, we're going to have like one post on the main kind of beanstalk, the beef account. And then we're also going to have something on the Beat Farmers account, you know, a little bit more, a little bit of a lower or easier tell it right where beef is going to be. Very like high level. This is going to be a little more, you know, chill and relax and, you know, talking about why people should join us. And then on Friday, we're going to put out this thread about the field. And so we're basically going to be breaking down the field. And so essentially what you're going to expect and you're going to see is across all of these, the fact that you're linking to text on long form threads week on Twitter, you're going to see a long form article and then that article is also going to be a Twitter. So it's going to be, you know, like I think one thing that we learned from our time working with a lot of projects is that Twitter threads of Chico's, and especially when we have a community of people kind of behind us backing it, it's going to be pretty easy to get these things blowing up and, you know, total number of impressions, top of funnel, we're going to grow that and then that's where the long forming the threads come in is. It's going to help smoothen out like we talk about that middle of funnel where people are going to have an easier idea, an easier time wrapping their head around exactly what the bienstock mechanisms are, what exactly is happening behind the scenes, why this is very different than every other Stablecoin you know one thing why make sure we're is like that? This is like a really big experiment and that this experiment is kind of important. And so kind of let's like the underlying kind of tone and theme of a lot of their content. So what you're going to see is and so just like that, we're going to have, you know, the on a weekly basis, you know, so like on this Wednesday, we'll have all of the regular tweets planned out for the following week. And then you know, for long form and threads, we already kind of have it planned out for basically all of April. So some of the long form the were good marketing is like, okay, you know, next week we're going to hit the trilemma. Week after that, we want to do a push of, you know, being economics tag mechanisms. System incentives are breaking all of that down. How it kind of works week after that, we want to hit around, want to do kind of like, you know, aq1 metric analysis, right? Like look at, you know, the different seasons. You know, one was all the big things that happened. What is the team working on? Just kind of a recap of the quarter. You know, we also want to do that kind of monthly as well. So keep everybody involved with what's going on, what everybody's working on, keep everybody in the know. So you know, and then same thing. It's going to be push the Twitter thread. You know, after that, it's like flavors of stablecoins, right? We want to keep this like, fun being theme and so flavor and stablecoins And then, you know, on top of that, we have like completely separate from this long form that we have other educational Twitter threads that are going to come out every Monday on the Bean Farmers account, right? So we have you know, why be right. Why is being important? Why are we kind of running this experiment? We have kind of this siloed thread like what's the silo? Why is it important? We're going to throw like a brief history of Beanstalk. So in fact, this week is, you know, we're going to, you know, start to do some of these recaps for these Twitter spaces. On the content side, you know, we're going to do this introduction kind of finally come out of stealth with the Bean Farmers account. So, you know, we're going to be kind of dropping links in the chat to make sure people are seeing and they kind of understand what's going on. But yeah, that's what kind of content in the little bit of social looks like. So that's those are our kind of content ideas. Again, more than welcome to like have input from the community about ideas that they have for long form. So if you guys, if whoever has access to kind of the bean notion and if you guys want to access to like just our thing, like we could kind of have an open shared link where we can share all that. But we have like an ideation section where we're, you know, thinking about all the different longform ideas that we're working on. You know, we have more content ideas here, you know, different ideas for people. So this is kind of like, you know, I brain dump of everything that we're thinking about. We take that brain dump and we structure it into like a week by week plan. We take that week by week plan and we put it back to the calendar and then we're executing against the calendar. So Bill Black recaps are going to go out boom bean farmers. Third is going to go out, you know, recap of the Twitter space at ten and then from that next week is going to be really easy for us to kind of go out, just execute against all of this and make sure that, you know, every day, basically every account is at least getting a tweet out multiple threads per week and that people are saying, oh, shit, like these guys are building, these guys are doing things. They're going to market like, you know, they're trying to. So I think they're covering most of content. Plus social is the one thing that I'll add here and kind of summarize and throw in is like this initial phase of what we're really going to be trying to do with a lot of these threads, obviously supplementing with like the Mami stuff, the announcement, like the other content that we're going to be putting out. But a lot of these threads are going to be like, here's the field, here's what it is. Explain in plain English. Here's some screenshots of platform so that anyone that is coming across this on Twitter and they're like, Oh, I remember Beanstalk, they see it and they're like, okay, that's what that actually means. They recognize the screenshots from the platform. They'll go to the website and not be like intimidated by all the different terminology and everything. So that's like our big focus on and the things we're hitting is like field bar and silo market and on right assets. So like those will be kind of those first five like really neat threads about kind of just get people familiar with the terminology, getting screenshots and they're making that sign and very readable. So and that's kind of the big thing that we find is the biggest issue where there's a lot of bounce rate is that people are interested in the concept and they understand like, you know, maybe they understand algo stable at credit. Once you start to add, you know, silo sign and seasons and all of these kind of extra terminology that's where we lose a lot people. And for something like algo staples, there's a lot of kind of added weight to it just because of the past of different protocols. And so we need to kind of reframe that to do as much educational legwork in this first phase of content, which is going to be like education, education, education, right. Everything you see here that we're putting out besides like the recaps and stuff. And I think there's a still pretty educational content. Like everything that we're putting out is a very, very educational thing to it. And that's exactly essentially what we're going to focus on for are probably the entire for a lot of the quarter, right? I mean, at a certain point there's like not too much we can educate on and then we'll start to like, you know, do other kind of maybe forward looking content about what's on the roadmap, what's coming. But we're going to continue to kind of fold in educational content recaps, you know, go back, repurpose a lot of that older educational content because we feel like that's where the gap is in kind of acquiring more community members users. So one of the big things that we're going to keep a really close eye on as far as metrics of success is like discord members, because we feel like that is one of our strongest like bottom of funnel strategies is like getting people into the discord because we know that, you know, there's a lot of people that like live in this discord, which is like insane and like probably one of the most, you know, engagement per user that we've ever seen. And so making sure that we're taking advantage of that and knowing that once we get people into this discord, we could convert them to like, you know, being NFT like, you know, holders and props. So but the problem is, is getting them to the point where they feel comfortable enough in the community to to join it and not letting them bounce in that. So that's what the entire educational push is going to be. This is what content's going to look like on an educational front. So yeah, open. Any questions, thoughts like feel free to hop in. If not again, I'm going to keep going through it. Those for you guys as far as like so for example, this Twitter space as this evening is happening, do you guys view your role as like the end to end? Hey, we're going to announce in Discord it's happening. Hey, here's a reminder tweet from the Beanstalk Farm's Twitter account as well. Or is that not something you guys want to be spending time on? If we can get help with some of the discord stuff that would help us out a lot. One discourse, not like really. And so for us, we can really do too much pretty new stuff because in our and the reason for that is that in our experience, discord is you know, best run by like community members, right? So like, you know, what we've seen is like, you know, some of the most successful communities are, you know, the ones where you see the founders and the team incredibly active. So we'll give you an example. You know, let's keep let's keep it in the Stablecoin realm, right? FRAX, for example. Right. FRAX has been able to build a really strong community with almost like not a lot of marketing Y because you see Santé in the disk and the telegram all day answered questions, right? So community is kind of something that we think should come from within. And you know, if we can, if we can get things planned out a little more in advance as far as some of these Twitter specifically, but then we can kind of help out at least. So discord announcements, that's something that we can take on. And what but I want to make sure that there's like a good handoff there where there's not like, you know, slipping cracks. So maybe give us like, you know, if you could kind of help us out, finish out this week. And then once we start to take over the planning of that as far as like and that's also what's on the line is like, you know, you know, managing and getting more people for more Twitter spaces, then it'll be easier for us to manage the announcements of that because like, it's a lot easier. We have a lot of time to plan these things out. So at least for like Tendermint Tempe and for the rest of this week, if you guys, you know the guy, if you could help us kind of make sure that we get that made by for count tweet out there. But then from next week, once we have a little bit of time to get things planned out over the next month, right. So like, what we want to do is like, okay, let's finish this and we'll get out of there. So if you can help us kind of finish out this week on the beanstalk, forms count and then, you know, obviously you don't have to worry about being bowls and you don't have to worry about, you know, beanstalk farmers. The only thing that might be a little bit of issue is like some of these maybe Dow announcement call announcements. So if you guys can help us out with that and we can handle everything else totally. To me, it's not it's not time sensitive. I mean, you guys didn't even get Twitter access till yesterday. So I'm not worried about, you know, this week, next week, just trying to understand philosophically. So, yeah, that that all sounds great here. And like, over time, it's going to help, you know what we're going to get there. It's more about making sure that we have the systems in place to be able to make sure that nothing slips through the cracks because there's nothing worse than like, Oh, okay, we had this Dao call and like, nobody knew about it, right? Because we didn't tweet about it. Right? So if we can just get a little something there, then that handled focus all the 100%. And I'm sure in the future you guys will be organizing a lot of the spaces and touch happening and such that are happening. So, you know, in this instance, like we set it up so we have context on, you know, what it is when it's happening, etc.. So yeah, not not worried about, you know, this particular space as of this week or anything like that. Yeah. So you hit me on my second point. PR So first thing we're doing is we're doing the process of pitching up groups for podcasts a little tough because of the anon thing. So we're working with and talking to a couple different groups that are interested. We've gotten a little bit of pushback over the Anon thing, but I think, yeah, you know what? I think it's something that I'm not really too worried about. So we're in the process of changing our pods and we're also going to start helping getting more guests for Twitter spaces. So that's another thing that we're working on is you know what I mean by the anon thing? I mean, I just like the fact that please do not. No problem. Anyone to talk to by then. I think I mean like some podcasts that we are in contact with are not too much. A lot of times are on YouTube and a lot of these guys run on YouTube. And the problem is, is that they feel like they don't get as much in viewership or as much success from their podcast when it's not, you know, face to face. And it's like both people kind of recording on YouTube and then they also do the podcasting, right? So it's like it's posted on YouTube and it's posted on actual like, you know, Apple podcasts, Spotify, whatever. So then they're are a little more YouTube centric or have, you know, find that they don't have as much success when the other guest doesn't show their face. So it's like one guy showing their face and one not well. So in talking to Ben, and Ben has been on a lot of podcasts with this video on, so I don't think that they would object to that at all, not to speak on their behalf. But you know, everyone knows their names. They turn their video on for some of the podcast. I think we're just going to ask them and check. Okay. Yeah, yeah, yeah. So then, you know, ONIDA doesn't have to clarify that. I know that. That's awesome because I didn't know that he had been doing that. So that's awesome context for us. I think, you know, I'll make sure that I kind of run it by him or, you know, we say, Yeah, he's turning on us, but that that makes it way, way easier to start pitching it out. So 100%, I'll kind of go back to some of those guys and let them know that. So podcast we're working on, we're going to start working on lists for Twitter space guests over the next few weeks. So we're going to try to kind of plan out, you know, having our do you guys think, you know, and I think this is also conscious of like, you know, cubes and everybody's bandwidth and like how much free time and free time they have. But is like is it like maybe a 1 to 1 time per week cadence a little bit better? Or are you guys you guys think it's maybe better for to I mean, obviously more is better, but I think it's like kind of dependent on the the bandwidth of the guys. So if you have any like context or ideas there about like, you know, getting maybe one time is better, do you think like we could do two times consistently? Just I can think about how we can schedule and plan these out. Let's ask I'm not sure. Yeah. Because like if we could find a set time and we can kind of block up time, we're like, Hey, every week we're going to do, you know, being spaces on like every, you know, whatever, Wednesday at 1 p.m. Central. Right? Then, you know, it's, it becomes a little bit easier to kind of find people and slot them in. You know, sometimes you do need a little bit of flexibility for something bigger or like, you know, kind of cooler guests. But what the focus is on for the first few weeks is like, we want to get some of these like Stablecoin guys on to talk about kind of stable. So like, you know, guys that we're looking at to reach out are like, you know, you know, guys like duh, you know, so, so as far as podcast, like we're looking at flywheel pod, we're going to try to get, you know, proves on on Flywheel, you know, where as far as Twitter spaces gets, we're looking at like Amit, the guy who did Ry, You know, obviously the goal would be to get Sam K and I think getting on Flywheel is going to help us get a little closer to Sam K because we want to be in these kind of bigger discussions and these more philosophical discussions about Stablecoins. And we think that obviously guys that have a pretty good presence and a good brand definitely can't hurt. So that's like kind of the type of guys, you know, I think you guys have a pretty good relationship with the the Ampleforth guys that's another kind of group that we're looking at it. The same thing with the diet. Guys like these are the type of guys where, you know, having a lot of these philosophical discussions about stables is the focus. So looking at reaching out to more Twitter spaces. Guest If and I'll put this in kind of the meeting notes and we'll run a run through after, but if you can help get us like a solidified timing, maybe once a week. So it's not you know, it's something we can do consistently in perpetuity. It's not like two times a week. Every single week is a little tough to do consistently. So it's like, hey, one time every single week, this time this day, we're going to do a Twitter space and we're going to invite different people on at those times, you know, different, you know. And then there's also like in different guys that have, you know, like do threads on Twitter and talk about this kind of stuff and talk about stables. And, you know, I think like, you know, there's a lot of different ways that we can kind of go about sectioning it, but we're trying to go in like category. So like first category maybe over the next month or like stablecoin genres, right? So we want to get, you know, I mean, we want to get, you know, Sam K we want to get the ample guys, you know, we want to get the Dyad guy. Joey Right? And then like, boom, that's the first one. Then second month we can talk about more like, you know, like protocol structure and like, you know, you know, like a protocol structuring and economics, right? And then we can get other guys that have done a really great job of that, like maybe like sent from gains and, you know, things like that. We can go on and on, talk about like, how do you structure a protocol? And so that's the way they're we're kind of thinking of that. So open any suggestions or feedback. So thoughts are, you know, we're definitely gonna come to the community and ask, you know, if there's someone that we reach out to and we maybe don't have a super warm connection to, then, you know, we definitely want to like have the community, you know, we know a lot of you guys are super resourceful, so we're going to be reaching out to different people and saying like, you know, you know, like, hey, is this something or does anyone know this person anyway, can give us an intro to this guy so that we can ask them to come on. So, you know more you know, the more help there, the merrier. And then last thing. But so this is something that we've been having a little bit of trouble thinking through. And so I want to maybe turn this into an open discussion for everybody is, you know, when we think about doing PD and protocols that we think could have a lot of mutually beneficial win win scenarios, the problem that we keep running into as we rack our brains for this are too the roadmap for wells, right? So like a lot of things that we were kind of looking at or maybe dexs and then now with Wells kind of on the horizon, you know, we don't want to kind of mess with the roadmap at all or cause any issues. Not necessarily it would, but I'd love if anybody had any ideas about different types of protocols or different maybe categories of protocols that we think could be great for either integrations or partnerships or, you know, so like the easily want to be like daos, right? If we could go into a bunch of BD with Daos and convince them that ideologically, instead of holding Usdc on the balance sheet, you should hold being, right? Not that they would allocate like the whole thing, but hey, you know, allocate like 5% of your treasury and put it in the silo for if nothing else, then like an ideological like you believe in algo staples and you know, usdc is kind of like failing and dying like that's an interesting kind of place. I don't think that's necessarily the best place to start and the most value add. So looking for maybe some ideas or thoughts. And I think, you know, like, like the guys like machine side, which I'd like, I'd love to hear your guys thoughts on this about where you think we can have a positive, some integrations and a business development kind of center category. Are there protocols that come to mind where you're like, Oh, it would be cool to see beans in integrated into here or, you know, would it be cool to see, you know, beans added to like, you know, LP in this Dex or like, you know, maybe some ways we can do like, you know, some liquidity mining or it's very difficult because of the kind of silo and where like the positive carry comes a lot from the silo. So there's always just like based partnerships for the sake of like calling it a partnership. And that's a lot of like, you know, I think we're going to get a lot of that when we do a lot of this like PR outreach for Twitter spaces and things like that. Yeah, go ahead. Yeah. The first place I would start is there's a lot of places to start, but one idea would be something like a tbtc pair in wells. I think there's a decentralization and global there's a liquidity angle there. Okay? And you feel that way because it's just a value aligned place where we can get a bean to BTC pair for, you know, just kind of like that. Okay, I get where you're coming from. I think that's a really good idea. Is that maybe the category that you see a lot of success is like these very valuable a good. I was just going to say yeah, I mean from, from the perspective of spinning up more wells feel like the, the bead work to be done is primarily finding like a capital partner on the other side to, to see the pool because anyone can, you know, once we have the wells, you or anyone can push a couple buttons to spin up a being t BTC pair. But to me that's the work to be done. And so then how can we incentivize that in order to pull that liquidity in the pool? Right. Because it's a lot to ask. I don't know if you guys have any thoughts on the numbers for that, like how much liquidity we should be asking for. Right. Is it like, you know, 100 K, is it 250 is at 500. I would think it's price something close to like 50 to 100. And that's not a massive ask. Well, I mean maybe to zoom out just a little bit, you know in the current or in Wells view, one the only reason for someone to provide liquidity in a well is if there are some protocol native, uh, you know, liquidity incentive. In the case of being stock, that stock, you know, some other protocol could have some, some incentive to provide liquidity to a particular well. But because of that, I mean, I don't think there's really been any conversations around or many, many at all with much depth around like all the potential wells we should spending be spending up how many of those you know, which of those we should be whitelisting in the silo and to what extent, you know, stock and seed should be allocated to those, if that's worth doing before the introduction of a more formal gauge system where all of this is more flexible, where the Dow can decide in real time what wells to to provide, you know, incentives to in which which to not provide incentives to. So yeah, I don't know that I have a good answer for you on the on the amounts that would be that that would sort of in my opinion, come from, you know, how much the Dow is incentivizing a particular pair, which I don't have, you know, any super helpful answers to at the moment. You know. Yeah. It's so, it's like enlightened thinking. Yeah. Just talk about the bienstock stuff specifically in progress has talked a little bit about how I mean, a lot of the utility of bienstock comes from the silo yield and you know, it's the silo yield that loses being fungibility on some level. And so deposits are being tokenized as 1150 fives in the next couple months, hopefully pods shortly after. And until then, it's hard to imagine any meaningful integrations being put in place. I remember one particular thing that was being worked on Pre Exploit, which was kind of interesting, was the ability to take loans against pods. But again, from a technical perspective, that's probably going to well, even just from an economic perspective like that is hard to imagine happening until there's, you know, significantly more liquidity on the pod market. So, yeah, it's tough. It's you know, it's like a a chicken and egg problem, as I say. Yeah, exactly. So not somewhat you know, when you say you guys are lost, it's like, well, we're lost on the, you know, at least the integrations front in the near in the next like 2 to 3 months per se. Yeah I agreed there. I think this is something, you know, not something we have to like enter and have this awesome answer for right away. I think it's something to kind of keep in mind for all of us and, you know, like all of our heads are better than one of our brains. And so if you guys come across any protocols that you think are very valuable aligned, mission aligned, that you think are relatively easy to integrate or opportunities where, okay, you guys already have this basket of stablecoins, like why don't you guys add one more then? I think those are great opportunities. I think yeah, I think definitely the silo fungibility is going to help a lot. There though. I think the lowest income first is probably with like the very obvious silo pairs, like, you know, there is a being closed, people will pre exploit that you know introduced bienstock to some folks in their community. You know not sure if that's really an integration or a partnership per se because it's all permissionless. But you know that. Yeah, I mean, like you said, it's it's good to just like, you know, start thinking about this stuff and make sure we're talking about it as a person. What's something like God. So I guess do we have an X? Does anyone have an example of this kind of integration? But for another Stablecoin, I mean, so I'll give you an example. Okay. So let's say, you know, Gains network, you know, instead of using a U.S. So let's look at a perp exchange rate. You know, if you look at Gains network, they use a DAI pool in order to back all of their trades. Right. So your counterparty in the trades is DAI. So, you know, if you win your trade, you get Dai, If you lose your trade, you give Dai, right. If you look at a similar, you know, GM X, they use a mix of usdc and bitcoin. And if you look at Vela Exchange, they use Usdc. So I mean that's kind of a weirder example and maybe with the lack of full peg stability. But you know, I think there's some cool things and some people that we're talking to it that I think that there can be like a kind of like mini market. So there's this project that's, you know, maybe eight weeks out from Magnet. It's called up I the the main project of all of finance but they're launching like this sub project or second project. So all of this is more like a lending protocol. But the second project's called all of it's under the same kind of big name brand, but it's kind of like a individ job part pools. So if imagine if you could use your so that's definite integration when they come out with that we can definitely get that. Imagine if you can have a platform where you can trading perpetual futures and you know before you put up your beans and we see the main pool with a bunch of beans. And so if you win your trade, you take beans out of that pool because you won against like kind of think of it more like a house, almost that and that if you lose, then you're taking your beans, that you're putting up as collateral and you deposit those end to the pool. Right? So essentially, using that at the collateral or counterparty for trades, that is a is a pretty good use case that could suck a lot of beans out of circulation. I think that also the silo would make that a lot more usable where it's like, you know, you can deposit beans and silos potentially. So I think that is something that would be interesting, right? We're thinking about ways to suck up liquidity. So like, you know, putting a bunch of beans into a tbtc player to suck up a lot of liquidity, you know, you know, I'm trying to think of other things. I think like, you know, FRAX does a lot of different partnerships. So I think, you know, we can go back and kind of go through and I think this is a great idea, like going back and going through every LAUSD category every FRAX and every single partnership that all of these guys have done. And seeing where we can integrate, right, Like obviously, you know, a lot of devs are going to be a little bit skittish on the lack of dollar parity. I think there's plenty of protocols where it's a little more like, you know, one being and one being out, not thinking about the price of being in USD. That can be good integrations where it's not as necessarily pegged specific, like, you know, the dollar amount doesn't matter as much. It's it's like, hey, you're getting one bean and you're you know, you're putting in one bean, you're getting one feedback. So things that are more asset based than price denominated, I tend to you bring up a great point, which is that, you know, we should like look back through all the other big staples or even like ample ampleforth where that's, you know, Peg is kind of flying all day, every day, going maybe spots fixed that a little bit. But look at some of the integrations and things that they've done. So, yeah, I don't want to make sure we write that down and make sure all Yeah. And you bring up a good point, right? Because if we go to these dads and their number one concern is that the peg is off, that tells us something, right? Because beanstalk is always there, a fluctuate right beans out makes no guarantees about Peg. So maybe either we are just completely wrong about how the market will accept stock when we can make those about the peg. Or we just need to educate people that it's okay for the peg to fluctuate a little bit and in exchange you get complete decoupling from the outside world. Rightly, you get complete decoupling from the risks of real world assets such as Usdc, the banking system, all that stuff, right? So maybe that's like a trade off that people would appreciate if they understood if it if that's exactly right. It's like, you know, one bead doesn't have to equal $0.91 like one B equals one PE, or as long as that's what the protocol needs. And, you know, it's like, you know, obviously smart contracts are closed loop, right? So it doesn't really matter with the outside prices. I think it adds another level of security and that you don't need like an entire Oracle system because it's just like, you know, one bead and you know how many beans are in there. So you don't need an oracle to pull price. So things like perps where you don't have to skip the price of beans, but it's just like, you know, you either when you know, if you went 10% on a trade, you get 10% more beads than you collateralized for the trade. I think those are good things. And yeah, so like anything that we think can suck up liquidity to take beans off of the open market or maybe take some beans out of something like three curves so we can get a better I like a more balanced three curve and get back to like 50% or even lower than 50% is things that we're thinking about. So I don't know, Dave Anyone has any ideas for that, like all years happy to like, you know, if anyone is open to kind of shoot the shit and maybe at a different time and kind of going back and forth on this or, you know, we can continue to answer like more than happy to like, love having this conversation because I do think it's important. So that's most of our agenda for this week. But yeah, happy to kind of, you know, stay back And I know we talked about kind of like last like ten, 15 minutes for like questions, thoughts, you know, more of these type of discussions, like, let's do it like open for open mic. I'll just still listen on the, you know, related to the quote unquote be front And it's it's less clear how this is directly beneficial to being stock. But red beans and I were talking about how, you know, one of the main value adds of the current implementation of wells is the Oracle framework. And, you know, on some level, you know, it would be great to like, you know, tell people about that, like new protocol devs, things like that. Red beans Did you want to share briefly what you're thinking on that front or maybe know you may not have the plan per se, but like what it is that we should be trying to share, at least in theory. Yeah. Yeah. And I think we're sort of starting to, you know, this is still a in progress, but I guess my thoughts here are like the sorts of protocols that we should be sharing sort of the decks updates or the wells architecture with our are those who are planning to like launch a token and launch a token into a decentralized exchange and need to, you know, have some liquidity pool or some liquidity against their token and then also need to like read the price of those tokens from the pool using an oracle. So how to find those specific people is, you know, still sort of unsure. And hopefully it's something we can sort of come together and come up with a strategy with. But I think those are sort of the sorts of protocols that we should be trying to to share the information with. With regards the new DEX architecture. Yeah, that's yeah, that's a that's a really we want to go each time I go about kind of I was just going to add like in terms of what you touched on with the Oracle thing there, I think that we discussed at our last meeting earlier this week the more technical default we were wanting to maybe go over that stuff in a little bit more detail and kind of understand at a deeper level that while subscription and then split really like that Oracle that you just mentioned it will be able to be built will be really helpful for us to be speaking about exactly what you just mentioned in front of people. But what I'm totally impish about that will come. I think, you know, we can totally dig into the details, but just to give you, you know, sort of a high level overview, like one of the value adds of the DEX architecture initially, is that any Protocol ten basically launch, you know, there liquidity pool or liquidity well and they can use an Oracle framework or Oracle implementation that Beanstalk Farms is developed pretty much out of the box, which should save them a lot of time if they're planning to, you know, build their own build and design and dos, optimize and audit and deploy their own Oracle. So yeah, definitely we can we can get into the details of that. But at a high level overview, that's sort of the the sticking point for. Well one, yeah, that's super helpful, but yeah, I think you starting to think about integrations and things for the Oracles and Wells are going to be really key. You know, I think the horrible specifically something very different than other architectures like a chainlink or a band. So it's something like one. I mean yeah, we, you know, I know we talked about doing another deep dive in. I think what we decided on this, maybe another deep dive closer to Wells launch so that we can have it a little more wells focused. But yeah, these are all tough like great things to keep in mind. You totally don't want to derail the conversation on, you know, the sort of protocols that Beanstalk itself should be integrating with. But I think there is a pretty specific value add to some protocols who are hoping to launch a token and need to manage liquidity somewhere. So yeah, we'll definitely continue to have this conversation in the future. But I think it's something we should be sort of shouting from the rooftops. I think. So I have another philosophical questions about how what the best way to, you know, work with you guys is. So I'll to give a specific example. So let me draw up a couple of links in the in the voice chat. So the TLDR of this particular project was that you're in launch. This little tool to ask a bunch of questions to an open A.I. model too, that gives you back answers from from the docs and things like that. And someone expressed interest in getting paid a grant to work on it. So it's effectively in a in a state where we could share it and so what's like the right way to surface this kind of thing with with you guys and figure out like, you know, what does it mean to to launch this thing? Like, should we just write a little brief Twitter thread from the Beanstalk Farms account with a link? I mean, that was what I would do in a vacuum without you guys. But curious if you have any input there. I just dropped a couple relevant links in the in the voice chat. This is awesome. I'm definitely in this family from like 3 hours playing with this. Now. This is this is awesome. This is going to help us out so much. I think Google puts together. I mean, this is like, this is super cool. The name's crypto wizard. I think at the moment it's it's it seems pretty pretty good as far as answers go. But it is it is only on top of the the farmers at the moment. So it's limited to what's in there. But uh, yeah, I think it's pretty cool. The paper, it's, it's, I think there are some limitations with like it would slow it down a lot to add things like the white paper. So, uh, I believe it's currently just the get book as far as answers, it has. I think you have. Yeah, I see. I sort of view this. I sort of view this as a more of a fun thing than a, than a, you know, this is how everyone will learn about Beanstalk, but maybe when we get to GPT five, you know. Well I think I guess yeah, yeah. I guess the prevailing question is like according to you guys are the, the marketing aficionados, we get a lot like a fake AQ, like we could just enter a bunch of common questions and have it like spit out the answers and, you know, maybe put those on the blog or something and then write a thread to show it off a little bit and link to that. Yeah, I think one thing that just comes to my mind is like a lot of pointing this out, like within roads or whatnot, just mean to mention us and like announcement thing. We've been talking a little bit more. I'm chuckling, I don't keep on some ideas but like and just kind of steadily punching websites of future wanting buildings that people need to go to to learn a little bit more if they are like very targeted questions that they need answered. It's still with it. Questions to if they're like the bean underscore farmers Twitter and feel like, all right, we're going to take your questions or run them through this. And those two answers. I'm like that. We are getting to think of that. So I guess as a matter of process, like maybe I'll just, you know, drop this kind of stuff in our in our Discord channel with a little explanation of like, hey, the thing is like about ready to go. What do you guys think as far as ah, just like put it on your radar sooner than later is what I'll, what I'll try to do. I'm sure you know, we'll schedule, we'll schedule some stuff and that's what it's Super Bowl. I don't know if there might be like a well actually that it's out right now because it's, it's not spinning out. I'm just getting that perpetual loading thing but it could be my but so we need to sit with the people on this call. Yeah. That's good as they can. Oh, darn. All right, well, let them know that that's good. Good data. Yeah. Stuff like this is awesome. It just kind of. It's a chance to show off like how good engaged that community is and, like, that's going to bring people in just as much as that educational stuff. Very great idea here. Be based on all also just work like he knows that as you you know encounter people on on Twitter or in the community or whatever like would love to encourage or of this type of behavior where people are like building their own sort of hack projects in and around beanstalk, whether that's something like this, which, you know, just breaks down the docks or maybe it's some sort of, you know, UI to view buying stocks data in different way. Or maybe it's like a whole, you know, protocol that interacts with big stuff. But all of that stuff is something that from the Beanstalk Farms perspective, we're interested in supporting. And you know, I'm kind of around Discord all the time to talk about this thing. So if you see stuff like that, definitely like direct it our way and encourage it. And I think we can all kind of, you know, put some effort into getting more of this type of thing built, just like, you know, by community members, because I totally agree. But it's really powerful. Yeah, I agree. I think there's definitely a lot of ways we could push the like community grants program in our marketing. Uh, one quick other thing. Did you guys want to try to set up another Q&A session? Was the verdict there? You know, No. And we decided, well, yes, if I though we decided for now that we were fine. Yes I agree with you and that I Yeah, Yeah. Well, we decided that maybe we'll we'll wait. I think we feel in a pretty good spot now and we'll do another one when we get a lot of closer to Wells launch and a little more focused on Wells. I think as far as like regular big stuff, I think we're pretty good. So it well just open in town. I might want to come to you guys before the first blog post that I do just to get a few questions answered and get, you know, some insider perspective on our, uh, you know, being is unique in the Stablecoin Trilemma. I already had some questions that I was thinking of just doing the outline, so I reach out about that soon. Cool. And I also remember you guys had on that calendar a couple tweet threads this week. Uh, do you RV on those? What do guys think? Yeah, I think we had a go ahead for. I think for some of these more like, you know, simple you know, like more recap type things like being bold and stuff like that. I like it, you know, some of these Internet type stuff. I think we're okay. I think we'll update all the links in in the type fully because some of those maybe more educational ones, I think at least for the first couple, where we're going to want to get some eyes on that. So I think maybe we'll refer back to you guys with like a list of things to look over as we kind of get like the good long form stuff going. Sounds great. And yeah, so we, you know, the machine is flipping on, things are moving in groove and I think you guys are going to get pretty excited about the stuff you're going to see. There were going to be a lot of like really great engaging. We're going to rely on you guys to help supplement a lot of that early engagement to get things like the Beet Farmers account off ground. So like you're going to see some things like us, you know, hosting, you know, some of the links to tweets and the scribe channel and we'll be kind of throwing a bunch of out years and stuff like that. So, you know, definitely will look to the community for support. But, you know, there's a lot of opportunity to grow. So we're pretty pumped. I know what you guys are to see. And again, as always, like always open to feedback, thoughts, ideas, takes, you know, Arabic, you know, kind of is well over done. Yeah you guys can can always hit me in DMS you know trying to be a little better about being a little more responsive on on discord but yeah, like kind of cleaning everything up and getting out of the cesspool that it used to be. So you can always hit me in the get any questions, thoughts, comments, concerns, anything like that. All righty thanks everyone you it thanks guys Was was good all.