Twitter Space Rewind → Nov. 8th

Part 1 ↑↑

Part 2 ↓↓

Speakers ↓↓

Dan Reecer
VP of Growth at Acala
Derek Yoo
CEO at PureStake (Moonbeam)
Sota Watanabe
Founder of Astar Network
Transcribed Conversation
Twitter Space with Acala, Moonbeam, and Astar | November 8th, 2021

Below is a transcription of the November 8th Twitter Space hosted by @Polkadot on


Speakers include Dan Reecer from Acala, Derek Yoo from Pure Stake (Moonbeam), and Sota Wantanabe from Astar. Transcribed content below was edited to ensure the accuracy of the translation and usefulness to audience.



We are ready to go. Um, we have Dan and oh, um, we've lost. We lost Betty. We'll get Betty on here as well Acala. We have Sorta from Astar and Martin will be joining us as well. And we have Derek Yoo from Moonbeam. Sasha here will be. Co-hosting with myself today and moderating asking the questions, but maybe just to start us off since there are a lot of new people in here, uh, I thought we could go around each project and they talk about what they are building on Polkadot and what they're bringing to Polkadot for those that maybe haven't heard yet.


So, Dan, would you like to go first with.


[Dan from Acala]

Sure you hear me? Yeah, I can hear you. Cool. Cool. Thanks Emily. And everyone for having us all on. Um, yeah, this is very exciting week. The auctions are starting on Thursday and I'm sure everyone on the call is well aware of that. Um, I'm Dan Reecer, I'm working as VP of growth at Acala.


Um, I guess in a nutshell, what we're building is a, a blockchain that has been customized specifically for DeFi. So what that means is we have a Ethereum virtual machine or an EVM, um, that's being built on Acala and this will allow App developers to be on a blockchain that was built customized for DeFi.


So there'll be a stable coin, the Acala dollar AUSD, um, built as a product in the blockchain and accessible to any developer. Um, we'll also have a liquid dot stacking product. So right now there's a lot of dot that staked that's kind of locked up and unusable. So we'll be creating a product called "L" Dot (lDot) unlock that liquidity.


And then the third thing we're building is a decentralized exchange, um, kind of built into, into the chain itself. So that's Acala and, uh, I guess I'll pass it on to SOTA.


[Sota from Astar]

Awesome. Thank you very much. Um, my name is Sota. I'm founder of Astar network, Astar network is a managed chain, smart contract hub on Polkadot supporting EVM web assembly in their distribution.


So yeah, so far we have been implementing EVM, but in the long run, we are going to focus on Web Assembly and one with a great feature with us on our network is basically income. So all developers in the Astar network can, um, basically income why to making smart contracts or infrastructure. So this is the, I think this is going to be a game-changer.


Yeah. Thank you for having me today. So probably, uh, Derek.


[Derek from Moonbeam]

Thanks. Thanks. Thanks for having me here. Um, Emily. Yeah. So, uh, my name is Derek Yoo. I'm the CEO of Pure Stake. Uh, the project we're working on is Moonbeam. And, um, so what is Moonbeam? Uh, Moonbeam is, uh, an Ethereum implementation on Polkadot. Um, know we've gone to great lengths to create an environment, uh, that looks and feels like Ethereum, which makes it compatible with, um, you know, a lot of the existing Ethereum developer tools, infrastructure, uh, and obviously it makes it kind of, uh, an easy and accessible place for developers that, um, already know, um, are familiar with the Ethereum, uh, you know, kind of technology stack.


So things like solidity, smart contracts, uh, and so. I think the, the thing that, uh, we'll be providing above and beyond that is that, you know, uh, this Ethereum smart contract capabilities a base, but because we're a Parachain on Polkadot and it we'll be able to offer some unique scenarios when it comes to crosschain integration. So that's, uh, that's kind of, and other advanced functionality. Um, so that substrate based. So that's probably what I'm most excited about in terms of, um, you know, unique, uh, kind of features that we can bring to market. And, um, yeah, I think that's, it's a pretty good summary.


Not sure who's next, actually. So



the last one, but Sasha, you want to jump in with a question?

Um, I think we're having a hard time hearing you. Sasha. Can you hear me?



Yeah, sorry guys. Well, Hey guys, this is really fun. This to me is kind of like more of a casual sort of like everyone's getting together and, and it's, and it's actually really cool because, you know, we survey different teams getting together and like just chatting now.


Uh, however, I think like they all have something in common and that's basically, if you want compatibility beyond other things, right. With each and everyone. So I've been doing some, some research and I've been kind of excited to like ask some questions here and there. Um, so I guess, like, I've kind of like I have, I have like a, a general, a very general question, and I think each one each team can, can go and, uh, can, can, can go through and answer.


And, um, that's, that's basically going forward. Like what, what are you what's what sort of things are you most excited seeing built with your technologies? So I kind of try to devise, like there's, you know, people using your technologies, but then there's also developers kind of building onto and from, and sort of extending the capabilities of your technologies.


My question is like, what are you most excited seeing built?


Uh, I guess Derek, why don't you go.


[Derek from Moonbeam]

Sure. Um, yeah, I kind of hinted at it, even in my intro. So I think, you know, um, there was a, there's a lot of activity that's already happened on Moonriver, which gives you some idea of the kinds of things that can be built and, you know, there's, so there's a lot of, I think there's kind of a precedent for you know, existing protocols and other kinds of implementations that are based on the Ethereum tech stack. Uh, and, but I kind of considered that a lot of those to be pretty well-trodden ground, you know, there's a lot of, uh, ideas, which frankly aren't that old but are from Ethereum.


So things like, you know, the DeFi space, like AMM based Dexs lending and borrowing protocols, um, other things of this nature. Um, but you know, almost all of these things have been kind of conceived in, you know, with, mono-chain deployment in mind. Right? So a lot of the existing protocols, you know, all assumed, Hey, I'm going to be deployed to like a single Ethereum virtual machine or a single chain.


Um, originally I think for a lot of these protocols, they were designed for like a single deployment to Ethereum and, um, you know, that's interesting, but I think the, the thing that Polkadot has that, you know, uh, is different is that it has this kind of built in networking capability. Right. So even if you're on a single chain, You know, that has Ethereum compatibility.


The fact that you're a part of Polkadot, or the fact that they take an example of Moonbeam that were part of Polkadot. That means that, you know, there's, um, you know, kind of native crosschain integrations that that can be offered that other kind of EVM chains that are not part of the Polkadot ecosystem, you know, can't really offer because they're not part of a larger network.


You know, such as Polkadot. And so I'll get just to give it a concrete example. Um, I like to use, as you know, we're collaborating with the team at Lido. Lido makes a, um, a liquid staking protocol on Ethereum. You know, they're the largest of the liquid staking protocols right now on Ethereum. And, uh, so the, the idea they had is they wanted to create a similar offering for, uh, for DOT.


All right. So what kind of a liquid staked DOT. But the architecture of the app that they're creating is unique. So there'll be a kind of DApp component that lives on Moonbeam, uh, which allows them to use all the familiar Ethereum kind of tools that they're used to using. But then, um, you know, we've created some, uh, kind of some advanced functionality in the form of these pre-compiles.


So basically we've, uh, allowed them to kind of remote control staking on the relay chain, right? So they kind of have this ability to programmatically control, staking operations on the, on the relay chain. Um, that's something that anyone can use, but in their case, they're using it to create this liquid staked derivative.


So why do I find this scenario interesting? It's because you kind of have this stuff happening on multiple chains, right? So you have some stuff happening on Moonbeam, uh, kind of for what it's good at kind of this, you know, the front end like DApp components, but then you have, you know, this kind of remote control action, you know, happening to exercise, this very unique and kind of specialized staking functionality on the, on the relay chain. And, you know, by combining those two pieces together, you get something you get kind of a whole is greater than the sum of its parts. So it's kind of one example right now, but this is an example of the kinds of things I think that I think are uniquely enabled by Polkadot these, these kinds of architectures. And so that's kind of what I'm most interested in.



Sweet, I guess like there's no use in every, all the teams going through. Cause like, I mean, I'm sure a lot of teams feel the same way. Right. I mean, I'm sure you folks like Dan at Acala, like, you know, um, I'm really excited about this like extensibility, uh, component and stuff, but, but, so I guess more specifically like down, like for example, at a college, you know, what, what is it that like, you know, that this one thing that, you know, you're very excited about it.


Yeah, something succinct.


Yeah. Um, there are several things I'm sure.


[Dan from Acala]

Yeah. Well, so, so I guess the product that I'm excited about is, um, our liquid staking products, but for me having, I dunno, having seen crypto kind of growing over the last four years or so. Um, we're getting to a point where like this whole concept and meme of mass adoption is actually starting to come true.


And in order for that to happen, I think that we need to be getting crypto used and in the hands of people who don't have to use, um, crypto tooling or crypto native kind of functionality like public keys and private keys and things that just confuse the general public. So, um, one thing that, that we're working on that I'm really excited about is just getting into this world of fintechs and neobanks and working with people.


Um, more in the traditional finance world and meeting their customers where they are today. So using, let's say traditional applications or websites, but providing them, um, yield from DeFi without them necessarily having to interact with crypto native products.


So an integration with that we're working on, um, is doing exactly that for their, um, for their customer base in the U S and just excited to see that you know us to be able to help get crypto into the hands of millions of people, um, in a, in a much more user-friendly way. And then obviously, hopefully down the road, this the, you know, the decentralized web three world I will help, um, continue to improve the user experience so that we can provide a fully decentralized, uh, solution that people can use easily, instead of kind of this hybrid between crypto and centralized solutions. So I guess that's one example I'm excited about.



Sweet. So Sota you want to add anything.


[Sota from Astar]

Yeah, of course. Uh, so we are making infrastructure smart contracts platform, and the two makes, makes us our network unique. The first things is cross messaging.


So we are having, uh, web assembly in the .......... at the same time. On a single parachain. This is technically very tough, but this is very interesting because Ethereum compatibility is very important, but, uh, having web assembly on a paracahain is very important as well, or bidding on people in the next decade.


And we also have Dapps staking people can stake their token on DApps by doing so they can earn staking rewards. And the project can, um, basically income from ....... So, uh, for example, we have a couple of finance, they are making, um, AMM Dex and they earned 50K was shiden tokens in U S dollar. So they earn token by making smart contract. So we highly incentivize people to deploy a contract on our shiden. So this is still a MVP minimum viable product, but, uh, we are going to implement it on our stack from day one. So yeah, everything is experimental, but let's see. Thanks.



Awesome. Yes. Like Sasha already mentioned these three teams here have a lot in common when it comes to EVM. And even though they're building a different solutions, there are a lot of things in common. And one of those things is all three of you guys have successfully launched parachains on Kusama already.


And, uh, I was wondering if there was any learnings from that that you will be taking into consideration when launching on Polkadot?


And Sota, you get to go first because you haven't gone first yet.


[Sota from Astar]

Oh yeah. Um, so we have learned a lot from the Kusama parachain auction in the first things is: launching networks takes time. So after winning the slot we have, we have to have one month or two months to co-located everything. So people needed to understand the timeline.


We can not launch the network just after winning the auction. It takes time in second one is the market strategy, go to market strategy. So we have to consider when to list our token and when to enable token transfer and how so Astar is such a community driven project. So we ha we need the community defeat a bug and the community to comment, and we're gonna yeah.


Improve our strategy for Astar incoming onesies, but. Yeah. So it's in November, we've like to secure the project slot as soon as possible before Christmas. So that's the I that I could do enjoy the Christmas holiday. Um, yeah, so basically, uh, we are going to improve our own teams strategy for Astar yeah.


To be fair or, or all people.



Wonderful and Derek, if you'd like to go next and then Dan afterwards.


[Derek from Moonbeam]

Uh, sure. So I think I would echo some of what Sorta said that, um, Kusama definitely served its purpose in our case of, you know, being the place where you can try things out first and, you know, so we go into, uh, the Moonbeam crowd loan with, uh, quite a bit more confidence.


I'd say having kind of gone through this whole process once before, um, that's pretty valuable basically. And, uh, there were learnings, there were some things that didn't go the way we planned, like on, uh, the moon river launch. So obviously we adjusted, you know, kind of, uh, the steps and kind of how we're approaching things to avoid any, uh, you know, issues that we encountered the first time around.


Um, I think the feeling from the last time was, uh, honestly it was a little bit like, you know, almost hanging on for, you know, kind of by your, by the seat of your pants. So things were being done with kind of just as they were needed. Uh, this time around has a pretty different feeling where, because we kind of know all the steps in advance, it's a bit more, you know, thoughtful and deliberate and, you know, we know when things are gonna happen, you know, I think that the launch sequence with which so to, um, refer to in our case, you know, we, we feel we can have that, um, in a much shorter, uh, because we know kind of all the steps that we need to take.


Um, so yeah, I think that basically Kusama in our case, I feel like it really was an extremely valuable, um, experience to go through. And, you know, it gives us quite a confidence, you know, going into, going into the Polkadot, uh, launch.


[Dan from Acala]

Yep. And then, uh, I'll, I'll just agree with Sorta and Derek. Um, because Kusama was definitely serving its purpose and I think even more than any of us expected back back when Kusama was first launching, um, we all talked about how Kusama was going to serve as this experimental ground to help improve Polkadot. Um, I always knew that it was going to help the developers, but even as a non-technical person, it's helped us on, on kind of the growth and marketing side significantly with just kind of doing everything once before we did it on, uh, for Polkadot.


We've all been through this crowd loan process before. So there's just a crazy amount of education and communication, um, and kind of planning and strategy around how to, how to make all that happen. So that definitely helped us, um, doing that once before doing it for Acala. On the actual kind of parachain and technical side, we've, we've already proven that all the products that I mentioned before work in production.


So some of our stable coin or Dex and liquid staking product are all live on Karura. And we've been able to kind of tweak those, improve the user experience, improve the experience for developers. Um, and one of the things that I wasn't expecting is even on like the DeFi , um, financial parameters side. So typically, when an organization like Gauntlet is helping provide recommendations to say Aave or Compound on how they should be setting their parameters, such as collateralization, ratios and things like that in the DeFi world. Typically you have to basically just model things and test net then just launched the parameters on main net hoping that things are, are, are relatively accurate and then tweak from there.


But the cool thing we've been able to do is we actually have a ton of real world data from Karura that Gauntlets going to be able to use to help us set up all the, you know, DeFi parameters for Acala, um, at launch so that things can run even more smoothly on a Acala.



Right. Um, so my question is, so now that that's going to be. Uh, what is it that you're excited about using your Canary networks beyond just sort of testing maybe when you're doing runtime upgrades maybe, and you're just adding new functionality beyond just the core infrastructure stuff. What is it that maybe more on the product side, you're very interested in sort of, you know, trying to use these Canary networks to do crazier things that you won't be doing on your main networks.


Um, and, uh, yeah. Uh, Dan, why don't you go.


[Dan from Acala]

Yeah for us. So these networks are going to be running in parallel for, um, for as long as they exist. And on, on Korea, everything will, will always center around the Kusama community and the KSM, um, kind of economy itself. So the liquid stacking product over there, um, is centered around KSM staking and the stable client is a Kusama native stable coin called K U S D.


But one thing that's coming up in the future, for example, we'll have other teams building products that are also specific to the, to the Kusama ecosystem. So the first colleague grant that we gave recently was to a team, um, called Nuts Finance, and they're building the protocol called tree. And this is going to be launching very soon on Kusama.


And it's a curved like protocol for, um, kind of similar, um, similar assets. So for example, KSM and liquid KSM or L K S M, um, as well as KUSD and other stable coins. So you could have a stable coin kind of basket. So products will continue to launch on the Kusama and Kurara that are kind of specific to that community.


Whereas on a Acala, the products will of course center around Polkadot and the DOT ecosystem.


[Sota from Astar]

Yeah, I can go next. So, uh, we have a Shiden as a Kusama parachain and we have Astar for the Polkadot parachain and the adding Shiden, shiden network. It's going to be young experimental network. So we're going to implement something fun, like Doge coin bridge or ....... bridge. And so, yeah. In addition to that, I would like to test a lot of token economics on Shiden before Astar.


So we just propose the bonding in know some percentage of a transaction fee, but we each, each transaction in changing, tokenomics based on the community's agreement. So this is what we would like to do on Shiden first before Astar.



Cool. Cool. That makes sense. That's awesome. Derek.


[Derek from Moonbeam]



Yeah. Well, so I can try him in that. Well, uh, there's two different thoughts. I mean, one is, um, you know, how it will be different and one is how they'll be the same, but for the moment, uh, let me, let me focus more on kind of the, uh, the sameness and how I see them kind of working together that, you know, from our perspective, we are shipping these the same features and infrastructure and kind of integrations like, um, you know, to both networks.


And so the differences come from mostly like who chooses to adopt one or the other. Um, and here's what we're seeing, you know, kind of a split of like, there's definitely a, a Venn diagram, right? So projects that plan to deploy to both or some only to. The Moonriver and some only to Moonbeam so that we're seeing kind of a split there, but I do go back.


I mean, well, I know some people have kind of, you know, think of it differently. I do go back to the original idea of like what the Canary network kind of helps you do. And, you know, we are still believers in this original idea that, you know, basically you kind of have a deployment pipeline, right. Um, so you have like, I mean, this one, we have many environments where, you know, when we have.


New feature or change, you know, it goes through this life cycle where it starts, maybe, you know, obviously, uh, in some of the dev environments that then moves to some of our pre production staging environments, then it moves to like our moon based off a public Testnet, then it moves to moon river. And ultimately it ends up in, uh, it'll end up in Moonbeam.


And I think kind of in this context, You combine kind of this idea of these like multiple environments with the upgradability features that are built in to substrate itself. And I do think this is like a big competitive advantage for project teams that are building on, poke it off that you have, like this very rich feature set and that you have Kusama like as this like environment, uh, to deploy to.


And the real advantage is around. It's around basically the combination of velocity and. So it's that, you know, you can basically, uh, maybe look a little bit more like a web to company in terms of like velocity of shipment. Right? I mean, it, web two companies are shipping like very quickly, very fast, and blockchains tend to have like this very slow rate of shipping.


Right. Because you got to have everything, right. And then the risk of getting something wrong is huge. But I see like all these features coming together and both environments as kind of really helped. You know, web three projects look more like web two projects in the sense of being very responsive to what's changing in the market, being responsive to the customer, feedback and being able to progress the feature set in like a safe way.


And, um, yeah, so I think that's, that's kind of the thing that I, you know, how I see these things like playing together in an important way.


[Dan from Acala]

Yeah. I'll just add one point to that, Derek that you brought up. Um, that's actually. Really cool and interesting for developers building on pair of chains in general, because of the blockchain development framework that we all use to build our blockchains, which is called substrate.


Um, this is a, basically a blockchain customization framework that Gavin Wood create it after he, he invented solidity for the Ethereum world. But one thing that it allows us to do is upgrade our chains without forking. So when Derek was talking about, um, you know, getting requirements from, from users and developers, what we're all going to be able to do as parachain teams is actually work with the, all the application developers building on our parachains and take new requirements from them.


And then go and implement that at the blockchain level or the parachain level, and then upgrade the chain without a fork. So in the Ethereum world, that would be like the compound team or the Uniswap team going to Vitalik and the, the Ethereum foundation essentially, and asking them to tweak the Ethereum blockchain itself and expecting them to be able to, to, to upgrade that.


Of course, that would cause a fork and a lot of issues, but with Polkadot, we're going to be able to not only have Polkadot upgrading and becoming essentially future-proof, but every parachain built on polka dot has the same upgradability, um, kind of out of the box. So just to really kind of, I think it's a really interesting point that you haven't really seen on any other chains and just an ability for developers to continue to upgrade the network.



Yeah. Awesome. So we kind of have like this, well, there's multiple layers here. So we have Polkadot, which is the base layer and then Astar, Acala and Moonbeam will be parachains on top of Polkadot. But then even on top of all of you, since you guys have a smart contracts, there'll be decentralized applications or DApps built on top of you guys.


And, um, I would, yeah. Who, what kind of teams do you have? I'm looking to build on your, your DApps. I know you guys have announced a lot of them, but people might've missed all the announcements. So if you guys wanted to share some of the teams that you're working with and Derek, you haven't gone first yet.


[Derek from Moonbeam]

Sure. Um, yeah, so I, you know, we have, I would say that the, you know, looking at, um, what's happened on Moonriver is like, uh, you know, Kind of almost provides a roadmap for what's going to happen on Moonbeam. As I mentioned, a lot of project teams are planning that we're working with are planning to deploy to both, uh, Moonriver and Moonbeam, but, uh, you know, I'd say that, uh, there's been quite a bit of activity. Um, I'm pretty encouraged by, you know, there were some project teams that we were kind of specifically supporting and working with, but you know, for every one of those, there might be two. I'm not here they are. It's a permissionless platform.


Right. So they've just deployed. So I think seeing that kind of organic activity has been, uh, quite encouraging. Um, yeah, the name some examples. I mean, I would say that there's definitely been a concentration of interest from the DeFi sector. Um, you know, recently, uh, uh, the, uh, uh, sushi platform and team launched, like on Moonriver.


Um, so that's been kind of interesting. Uh, there are a number of other, uh, DeFi protocols. In terms of NFTs, you know, there's a ton of interest in NFTs these days. I, and I do see that this is a thing that's even gotten a little bit broader engagement right than the typical, you know, well, DFI protocol, you have these kinds of various specialized kind of crypto savvy people that are interacting with these defy protocols.


But, you know, the NFTs are kind of more accessible in a way. Right? So they think they have. Potentially broader appeal, going back to some of the points Dan was making of how do we get like kind of, you know, broader kind of engagement. And so, um, yeah, there's been quite a number of, of NFT-based, uh, uh, projects that have sprung up on, uh, on moon river.


And so that's been, yeah, that's frankly been quite, quite interesting.


[Sota from Astar]

Yeah, I can go next. So yes, Shiden is a smart contract platforms that supports web assembly and XCM. And if you have programs, so more than .....project has already applied a bit without the program in last one or two months. So community is getting bigger bigger, and now we have a Shiden network.


Um, project candidate starts their project on our portal so that people can stake Shiden token on the Dapps. And if we have some NFT projects such as Mycrypts of heroes, and we have, uh, uh, DeFi project such as Standard Protocol or finance and zone, and also jet UIC jacket, Japanese stable coin. More than five or 6% of its total supply has been already locked on DApps in the past 15 days in this TV areas getting big on the bigger right now. Yup. Yep.


[Dan from Acala]

And then, uh, I'll just add on our end. Um, as I mentioned, we'll have a EVM environment launching very soon on Karura. So where this is taking us a little bit more time because we kind of, uh, you know, tweaked the EVM a little bit to be able to function a little bit more along with substrate. So EVM environment, we'll be launching on Karura first.


And then, um, as we, as we launch a Acala, the EVM environment, we'll be rolling out there as well. So. Quite a few teams that we're working with on just preparation for that launch at the EVM. Um, and those range from of course, DFI specific applications like fixed income products, money markets, stable coin type things.


And then, um, there's also kind of some, some other use cases around like even NFTs loyalty point programs, gaming that are, that are looking to build on Acala for the DeFi protocols that we, offer.



Cool. Interesting guys.

Um, my, my next question here is more about the developer ecosystem around, around your, so the each individual ecosystem you're building. And I guess what I'm curious to hear and, and I mean, just kind of like lean in with your thoughts. I'm just trying to make this question broad. But the broad question is, are you seeing, um, you know, more and more developers kind of coming in and contributing and kind of follow up question to that is, um, are you, are you, are you putting things in place or sort of taking to ensure that, you know, you're really building a healthy developer ecosystem around you, um, or, or is that, is that simply all internal stuff? Like, cause I mean, this is all open source , so I'm just curious to hear, uh, what what's happening on that front. Uh, so that's how you can go. I guess I can jump in. Oh yeah, go ahead. Go ahead.


[Derek from Moonbeam]

Uh, sure. So, um, uh, I was going to say that, uh, you know, for us as a project, like the, you know, the developers, like our, our primary, you know, kind of audience or, you know, even customers, you wanna use that word. I know it sounds a little bit weird to use that word, but, um, that's almost the right mindset where, you know, that's the primary, uh, kind of, um, person we're trying to serve and so outs and it's even less.


So I'd say any kind of end user, uh, because I mean, while we do have some features or are end-user facing like staking, um, you know, in general, the main audience is developers. So that's informed quite a bit of not only the features that are, uh, you know, on movie, but also a lot of our marketing and go to market, you know, is all kind of targeting, uh, development teams.


And so, and I think as a result of that, focus on developers, you know, we have, um, you know, gotten a pretty large ecosystem. Project teams and, you know, other developers engaging with us, uh, you know, I would say that the area that we made, like pretty substantive investments in was in kind of this like developer education and, uh, materials, you know, kind of roles of things like, uh, documentation, um, you know, video tutorials, other things, um, you know, that was, that's been kind of a pretty big priority for us.


And, um, yeah, just stepping back in general in that I think that that's kind of how we see our role as a little bit. You know, to help, you know, educate people, not only about Mooney, but about, you know, poke it out more broadly. And, um, you know, in so far as we do our job, well, we can kind of see ourselves as kind of serving as an on-ramp for, you know, developers.


There's a lot of curiosity out there, but you know, you kind of have to feed it the right way. Right. So, so to get developers learning about. Uh, not just Moonbeam, but you know, okay. We're part of this larger system. So how does that work? And we're offering you, you know, Dan was mentioning these kind of, um, things I've done substrate features around like forkless upgrades or governance, or, you know, ultimately as we're offering them integrations to other parachains, you know, that's, that's kind of, you know, a big part of what I see our role being for the broader ecosystem is trying to serve as this like educational kind of on-ramp for people that are kind of familiar with some things that we have, but then we can expose them to the unfamiliar and kind of get them engaged with the broader ecosystem.





[Dan from Acala]

Yeah, I'll just add to that, um, along with Derek and I'm sure Sota too, where we're all layer one platforms here. So we're, we're also focusing on, um, developers making the developer experience as, as smooth as possible. Um, One thing that I did just want to touch on is we're a lot of these products, especially at the blockchain are built with substrate, which is a new framework that is much less adopted than things like solidity.


One thing our team did. Um, I think it was a year, year and a half ago, maybe longer. Um, Brian Chen is our, one of our co-founders and in our, our CTO kind of the lead developer. And we're actually, we started in continuing to operate this substrate developer academy. So anyone on the call who's, um, a developer or an aspiring developer looking to get into blockchain and specifically in the Polkadot ecosystem.


Um, I would definitely Google the substrate developer academy. This is kind of a bootcamp for people who are already, um, definitely experienced developers, but, but even experience, um, with Rust, which is what substrates based off of. But it's a great way for us to onboard, um, people into the Polkadot ecosystem and learn how to build with substrate.


Um, I think everyone on this call is probably hired at least somebody from that program. Um, so that's just one way, we've kind of given back to the, to the Polkadot ecosystem for developers.


[Sota from Astar]

Yeah, I agree with Dan and Derek, like the development part is the most precious human resource in a blockchain industry.


So from, uh, you know, from our perspective, the incentive scheme is a little bit broken. So the middle part is the most precious resource, but it's, you're paying a lot of the gas fee to the networks. We would like to change it. So. Yeah, we are making beautiful to, um, protocol that allow the developer to basically income while making their products.


But this is like the Astar networks approach. So in terms of like a Polkadot in general, yeah, we need a more educational contents and we need a more developer who can work on substrate. So substrate is written in Rust, it is not written in solidity. So technically tough, but, uh, We need more education or contents, meaning more documents, and we need more education in each platform.


Like Acala, Moonbeam and Astar and create use cases.



Wonderful. So I guess, um, after launching your parachain on Polkadot, what does your first year roadmap look like? Like what can the, can, what features can the community expect to see from you guys being added to your chain? Uh, over time, maybe a year out or in that.


[Sota from Astar]

Yeah, we should do they need to focus on cross chain messaging passing, because this is the core feature Polkadot, you know, right now during the crowdloan period that people are thinking about, you know, parachains as a competitor, but it's going to be a collaborator. So we can create in a use cases between Acala and Astar, and Moonbeam and Astar and so on. So I like to daily focus on cross chain messaging, passing, and to create the innovative use cases that we can only do realize on Polkadot.


Yeah. Um, after our launch, uh, I guess initially what will happen is just similar to what happened with Karura, if anyone was watching that launch. Um, we'll begin launching our liquid dots staking product, which I'm personally really pumped about because I've been staking my DOT for a while, but it's going to be really cool to be able to mint stable coins with that as collateral or even provide liquidity with my liquid dot tokens. So that's one, um, the stable coin we'll go live. Our, our DEX we'll go live. And then the EVM plus environment will go live. And then, um, of course after that, it's kind of just like, you know, growing the ecosystem, launching, um, certain, you know, ecosystem programs, making sure that developers are, are well taken care of.


[Dan from Acala]

Um, so that, yeah, that'll get us through probably mid, mid, next year. And then, um, from then on, it's kind of like what SOTA was mentioning. It's, um, getting our stable coin out and, and, and used by other parachains and helping, helping their ecosystems with providing a stable coin there. Um, and then once we have kind of the multi chain setup, then it's also going to be interesting to watch like the multi ecosystem, um, applications or use cases.


So when we, when we look at bridges from other ecosystems like Ethereum and Bitcoin, that's going to be really fun to watch as well with, with teams like Interlay, bringing Bitcoin to the Polkadot ecosystem and what that will allow within DeFi protocols and also just even, even non-DeFi use cases.


2022 is going to be a blast if you're involved with Polkadot in any way.


[Derek from Moonbeam]

I would echo a lot of the same sentiments from, from Dan and Sorta, but, um, you know, I guess the thing for us is. If you look at when river, um, you know, it's kind of a head of Moonbeam having been launched earlier, but really, you know, if you look to see the kinds of things that happened there, that's like a roadmap for at least the initial period, like after Moonbeam launches.


So, um, you know, a lot of the, uh, things have happened on maneuver or basically. You know, additional like infrastructure deployments and other integrations that are kind of surrounding the core chain and this based on, you know, the work that we've been doing, uh, supporting, uh, project teams, you know, they just had very clear feedback about certain things that were needed in our case.


It was, you know, a lot of the teams needed, um, you know, uh, like, uh, implementation of the gnosis multisig as an example, right. Didn't want to store large amounts of funds on like a single address. Um, there were using things like the graph or, um, making more performance like front end. So there was a whole kind of list of different, um, requirements that they had.


And, um, you know, that's kind of driven a lot of the activity then this feedback on which, um, integrations were kind of prioritized from Moonriver, all those same integrations are going to be brought to bear on, uh, on Moonbeam. I see kind of the, probably the first. You know, six months, even as kind of this like bootstrapping period where, you know, all of these infrastructure elements are put in place, um, and you know, kind of help, uh, support teams and bootstrap, uh, an ecosystem much like has happened on Moonriver.


Um, but, uh, just going back to what SOTA mentioned to, you know, uh, you know, at the beginning of this question, uh, I would agree that the demonstration of. Cross chain like, uh, scenarios, especially like in so far as they're supporting, you know, what I call kind of a native multi chain kind of approach, where you can kind of use, you know, different chains for their specialized purposes.


That is something that is quite unique to Polkadot, right. And that is something the Polkadot architecture uniquely enables. So I think that those are the things that, that, um, you know, we'll be investing time into, uh, to create as many, um, you know, cross chain integrations as we can that are useful to developers.


And kind of in that context, you know, we, we kind of, I went back to this kind of idea of being, you know, the easy place to develop it. We're always going to try to focus on ease of use. So in our goal, there would be to make, you know, some of these cross chain, um, scenarios, you know, more accessible, right?


Like surround them with the right, like developer content and materials and make them, you know, highly accessible so that people can kind of leverage the power of, of, of it out in, you know, an easy way as possible.



Awesome. Awesome. Those are great. Great responses. Thanks guys. And so like, as we're sort of wrapping up here, my, my last question is, um, what are some ways that people can get involved in your project? So maybe they're developers, maybe they're people that are just curious. Maybe there are other types of potential contributors or, or builders.


Um, and. Yeah. So like, wait that, you know, maybe plug in some links or something is that people can get involved. Uh, Dan, why don't you go first?


[Dan from Acala]

Yeah. Um, one way that people can get involved. And it's also a really good way for people looking to get into the industry is the, um, we set up the Acala ambassador program.


So people who are technical or non-technical can, are already helping, um, in significant ways. I think. Maybe 70, 80 ambassadors already. So that would be, that would be one thing to look into if you go to Acala Twitter account. Um, so Acala is actually in here in the chat. I'm not sure everyone can see that, but, um, @AcalaNetwork, there's a link tree link and that's, uh, that has the link to basically all the, all the resources are our main chat is on discord.


It was about 70,000 of us there and quite a few people asking questions and helping each other out. So, um, joining us in the discord, if you want to get involved.


[Sota from Astar]

As Dan said please join our discord and ask a technical question. And if you have a Shiden token or you haveAstar token in the future, please use DApp staking. So you can, you can stake your token on DApps on network, and you canearn staking rewards. This is the fast way to get to involved with in our community.


[Derek from Moonbeam]

Um, yeah, I would just, uh, echo, you know, a lot of the same things that, uh, Dan and sorta said, but, uh, you know, I would encourage people that are interested in Moonbeam to join our community. Um, that is, uh, uh, also on discord is kind of the primary place where, um, where we are. I think the wouldn't be in communities known to be quite like a welcoming, um, especially to newcomers, to help explain some of the, some of the, you know, admittedly somewhat complex, like, uh, you know, features and kind of other, um, aspects of Polkadot. Um, so yeah, we'd kind of welcome. Uh, welcome you there.



Wonderful. And that was the last of all of our questions. I think this is the first time we are indeed a little bit under time, but, uh, I would like to thank everyone for tuning in and a special thanks to Dan, Sorta and Derek from Moonbeam, Acala, and Astar for coming here and talking about their Parachains and introducing themselves to the Polkadot community.


On Thursday, this Thursday, November 11th, uh, the first parachain auctions will take place on Polkadot. And all three of these teams have already registered their parachain on Polkadot JS and opens their crowd loans. So if you would like to, um, support them that is possible to do as well. A few things about crowd loans that everyone should know is one, um, before, uh, participated in crowd loans.


Please make sure that after you participate that you have at least one dot left in your account, polka dot accounts are automatically deleted when they drop below one dot. So please make sure that when contributing that you have one after contributing to avoid your account being deleted. Also the minimum contribution amount on a, for a crowd loan on polka dots is five dots.


So therefore in order to contribute to a crowd at an account should have at least. 6.1 dot. So that would be five dot for the minimum contribution, one left over to avoid getting deleted. And then also leave a 0.1 or less to cover the transaction. Polkadot as well has a landing page, polkadot.networks/auctions with all information and guides, how to safely contribute to crowd loans.


And we also have in Polkadot's discord, a crowd loan server. So there you can go and ask all questions and we invite all teams to join that as well, so that they can answer questions about things that arise. Uh, things do arise when, when, when doing this and, uh, the teams are the best to ask. So yeah, that, those are our final numbers.


[Dan from Acala]

Can I just add one thing to that? Um, just to clarify. So we actually had a lot of questions when we posted the tweet about the account issue. So I just wanted to, to be clear that, um, the accounts, like if you contribute to the account or to the crowd loan and you have less than one dot that will get cleared from your account.


So that like say it's 0.9 dot that will get cleared. So you need to be careful about that, but your account will still be there. So you can still receive your ACA. You can still receive your dot back in two years. And if you want to use the same account, you just have to send DOT to the same account to kind of reactivate it.


But we, we tweeted with the word delete and that's actually not exactly accurate. It just gets cleared. So the account will still be there. Um, so people don't need to worry about their accounts, like being completely lost, but, um, just wanted to mention that because we had a lot of questions when we, when we posted that.



Right. Yeah. So to avoidthe point nine being deleted, not the account being deleted. Yeah. Exactly. Thank you. Yes. Thank you for clarifying. Uh, Sorta, Derek, do you have any final words before we wrap this up here?


[Sota from Astar]

Yeah, I can go first. So I'm really excited about the Polkadot future and our future collaboration.


So after becoming a parachain, so we need a more collaboration now ecosystem in a cross chain, messaging passing is such a great advantage and new feature only Polkadot has. So in showing the great use cases of across chain and in passing is really important for all of us in a polkadot ecosystem. Yeah, let's do it!


[Derek from Moonbeam]

I don't know if I can top that. So, uh, I guess Sorta, Danna, I look forward to kind of, uh, you know, integrations with, uh, both, uh, Acala and Astar like a post-launch so we can, uh, we can demonstrate some, some cross-chain scenarios.


[Dan from Acala]

Same here, looking forward to seeing you guys on December 15th.


[Derek from Moonbeam]

Yep. For sure.


[Dan from Acala]

Thanks. Thanks Emily. Thanks everybody for joining.



Thanks everyone all right. Thanks guys. Bye.