PACA FINANCE X ARBITRUMLAND LIVE AMA
https://www.youtube.com/watch?v=Mrqcae7ReFE
Transcript:
Hi guys, welcome back to Crypto Mischief. Richie here, where I talk about my favorite thing in the entire world, cryptocurrency. That’s right. Today we have a special guest on the channel and we’ll also be on Scott’s channel at the same time. This is Scott, the investor. Welcome, Scott. What’s up, guys? How you doing? Thanks for having me, Richie.
Yeah, this is actually the first time me and Scott have ever done a live, I think. Yeah, I think so. First time on stream. We’ve gone back and forth with some different videos and stuff, but I don’t know if we ever got a collab specifically. And thank you for letting me know about how to share the streams on both channels so it gets out to everybody.
It’s awesome. Yeah, it’s great. I just love it. Just found this inside a stream yard recently and it’s brilliant. Yeah, it’s fantastic. Spread the news even further so we’re we’re doing the stream today to talk about arbitral land and also talk about PACA.Finance because if you didn’t know um scott is one of the founders of PACA.Finance that’s correct yes yep PACA.Finance we’ll get a chance to chat a little bit about that and uh and a little bit about richie’s protocol so it was nice to just be able to throw this together and get through everything.
But yeah, I’ll explain any details for those of you who haven’t heard about our platform, but also super interested in hearing about the next iteration of Arbitrum Land. Yeah, cool. So we can fire into, we have some comments first. And then we have Crypto Watcher. Hello, Crypto Watcher. Good evening.
We have Mark Matias. Hello. We have Mark. Hello, Mark. comments first and then we have crypto watcher hello crypto watcher good evening we have market matthias hello we have mark hello mark we have cultify he says first but actually you were not first wow there’s lots of comments but almost first might have been first on one of the channels to be honest who knows because the comments are probably coming in from multiple things interesting yeah this is cool it’s also on on twitter as well as well we’re live on twitter as well so that’s awesome we have
crypto pride who um also has a channel actually so he might be interested in creating two projects to look into and we have up the top actually first was mark which is good awesome and unmade sugar yeah so um because we have two totally different protocols, my idea for the stream was we show up those protocols and then we talk a little bit about risk, basically, because there are two completely different styles of how to invest into DeFi, essentially.
And me and Scott have been doing this for a long time and we’ve tried out all kinds of platforms and all kinds of, you know, some have worked, some haven’t. Some is high risk, some is medium risk, some is low risk. So we have a pretty good pool of experience and knowledge. Scott, I also understand you have a background in marketing, right? Is that right? Yeah, I’ve actually done a lot of things.
A lot of real estate, a lot of marketing, a lot of different things. Is that right? Yeah, I’ve actually done a lot of things, a lot of real estate, a lot of marketing, a lot of different things. But one of my outside of the crypto world, I do a ton of marketing for a couple of e-commerce companies that I’m a partner in.
So a lot of my day to day, you know, 50 percent of my day to day is just delving into different styles of marketing and different things to do. So it actually works pretty well over on this side. We’ve got a team that’s of three. There’s three of us. Unmade Sugar is one of them. And then Lee, who you know, Cryptopian, he’s also on the team.
We all have kind of a diverse skill set. So it’s nice. I bring the kind of marketing style and the other two, they have their roles. And that’s how we made this successful. Yeah. Great team. Power team. Yeah. Thank you. Power team. Yeah, thank you. Power team. Yeah, so I guess first we could talk about Arbitrum Land.
I’ll just get the screen. Yeah, let’s do it. Pop it up. Yeah. So if you go to arbitrumland.com, you’ll find it here. So be kind. This is actually the first UI I made. Turns out UIs are quite tough. They’re hard, huh? Yeah.
Yeah. And over here we do have PACA.Finance, which we’ll be looking at later on as well with your new redesigned site, which is about a month old now, I think. Yep, a little over a month. I like the llama. Good choice. Thank you. It’s an alpaca. There are distinct differences between the two but yeah yeah i’ll explain too and when we get to it i’ll explain why we switched from 8-bit farm over to that and i’ll just get give some of the background yeah so the way i designed this site was to um we took the uh creation the changes to the minor contract that we did with polygon land and we decided decided that it wasn’t optimal enough.
So we started tinkering a bit more. We actually wrapped up this contract about half a year ago. And I didn’t like the site UI design. So I took it upon myself to learn how to redesign or how to design sites and build it myself, which in the end took about six months. But we’re there now. But now I know it’s quite power to have.
So it’s quite good in the end took about six months but we’re there now but now i know it’s quite power to have so it’s quite good in the end definitely the way it works is that the map objects can interact with the smart contract and at the same time the bottom function buttons can also interact with the contract and they just bring up windows for different parts this is on arbitrum chain so this is on arbitrum chain so if you wanted to get to it we could easily go to arbitrum changes i like to use uh rubik i don’t know what’s your favorite bridge but this one’s for me is always always delivers um you know for example you just go bnb and then go to arbitrum can change you can
cross chain swap or send the same tokens and just go back and forth and awesome works works perfectly like that which is cool um so once you have the eth and you just connect up in the top right button just there it will register and the whole game is of course putting your ethereum in and the aim is to get out more ethereum than you put in we set this to max yield at one percent because again the big problem that we’ve seen with these style of roi contracts is that on launch the apr goes absolutely bananas which of course is attractive for people because
it means they can get crazy apr but generally the generally the APR doesn’t go to every player. It will only go to either people who have deposited more or people who have referred more will get the vast majority of the high APR from the contract. So we really didn’t want to deal with that.
So we just put a limiter on it so that it can’t actually go above 1%, which also will give much more sustainability to it going forward. Smart. We did, yeah, we did the same approach in Polygon land, but we put it to 3%. That was a max. And it was, it stuck on that 3% for good two months, I think. And that’s, you know, 3% daily for two months is a lot.
Yeah, for sure. Yeah, it is. So I like that the 1% gives us a lot of time and a lot of room to continue to you know build pools around it and build other products around it to continue to give it that life that we want to give it um so if you click on the castle it will bring you to the main dashboard which is where you can deposit your ethereum and also where you can see your kind of stats on what’s happening so this is uh what’s this account oh yeah this is my main account so you can see i put in what’s
that 0.7 eth in here and it builds up rewards so then in rewards i have the reward in nights and the rewards in dollar value of the nights um to deposit you it’s 0.03 minimum to deposit so that’s about eight dollars the minimum and there’s no maximum and you just put in how much you want to put in and deposit above that you find your referral link which you can share and get quite um a great uh referral system it’s a good amount of you can get from it but we also have put some limitations on it to make sure that it can’t be abused because again referral systems
can also destroy these steps as well so we we put in a lot of functions to control that uh tbl so far we’re one week old today yeah now we launched last monday so in one week we’ve got 13 eath which is great perfect start for, in my opinion, not too big, not too small, just Goldilocks zone. And now the aim is just to keep building it up, building and building.
When you deposit, there are, at the moment, there are some cooldowns, which I’ll be reducing now that we’re past the launch phase. I just put them quite high in the first week so that if there were any issues, then I knew that I had time to resolve the issues, but there were no issues, which is great.
So there’s an action cooldown for claiming, which is a 24 hour cooldown, but I’ll be reducing that to half, I think to about 12 hour. The deposit cooldown is half an hour at the moment. You also see if you’ve reached max payout, the max payout from this contract is 250%, which is max. But of course, if you compound, then you would increase your max payout and your referral tier, which shows here.
The more that people refer, the higher tier they get in the referrals. So you might notice from this that there is no compound button, right? Yes, correct. Yeah. So we decided with this, we took it from Elephant Money Futures, which was a really great BUSD dApp on the Binance Smart Chain, which paid out for a long time.
One of the things they did was they incentivized people to compound by having a fee on compound. Yeah, like an additional deposit that was had to be made. Right. Exactly. Right. So you have to make an, in our blind, if you want to compound, you have to make an additional deposit where you would come to these dragons floating above the castle or the compound button.
Um, we set it pretty low because I think in elephant money, it was a hun 200 BUSD. I was doing, it was 200, 200 BUSD. Yeah. Yeah. The minimum was 200. So we put it 0.01, which is about $30. Um, when you compound your rewards will be of course, compounded back into the contract, your nights rewards. What’s this like 220 000 230 000 knights would go into your uh total pool of knights which you would find uh here under my knights so this one here just add to this and also the compound fee is converted it buys nights out that’s tax
portal where we’re going buys nights and sends them in as well. So it’s not, your fee isn’t just disappearing. You’re buying in as well. So it’s an additional investment to compound the funds. So that’s the first limit. Like I wouldn’t really call it a limitation. I would say it’s a game theory that we added onto this because we just, I really liked how it worked in Elephant.
Cause it did make people have a long-term investment mindset as opposed to, um, the kind of short-term mindset that this kind of contract generally has. Um, then to claim, you can come to the tax portal, which is over here, which would be this portal. And this will show your ETH that you can claim out then you just press claim my cooldown is still running it shows your ROI so far from investments and then it will also show your tax tier this is another addition we made to the contract which is a tax tier and also a burn the The way it works is, so see here I have $60 to claim out.
If I claimed, I wouldn’t be taxed with the tax tiers. The tax is being applied to your staked. Your staked balance, essentially. So as players get further ROI’d, so once someone hits 50% ROI, the tax begins and they get a 10% tax. So if I was claiming out $100, then you would notice you’d get your $100.
But then on the Castle Arb page, your knights would go down by the value of $10. Gotcha. I took this one from a dAP called pulse drip, but I’m not sure if you. Yep. I wasn’t forced to. Yeah. So that’s still running and it’s mostly due to the fact that it has, I think it launched with that function actually really liked it because it just also means that if someone continues to claim endlessly, then they lose their position over time yeah it takes takes that out of their faucet exactly yeah i just compounded on it yesterday so yeah i’m still i’m still in it it’s still paying i
i let it build up over time and then i get a good claim so yeah it’s definitely a good game theory yeah i think pulse trip will come back actually i think it if i think so too it will oh yeah pulse had a nasty just the whole chain had a nasty six months really you know but i think it’s going to come back around yeah for sure and that’s so that’s the second way in which we push push people to have this long-term game theory style mindset that okay so if i the way it works though is that to kind of break the system or gain the system would be if you’re coming to a tax tier
say you’re 50 or 75 you think i don’t want to eat that tax there are a couple things you could do to avoid it you could start compounding in because as you compound that would mean your roi would reduce um or you could just deposit fresh ETH into the contract and that would also reduce your ROI so you can play around and sit in a certain area and continue to never technically ROI on the dashboard but actually ROI in reality.
Yeah similar to what you did with Polygon Land. That was kind of a factor as well to be able to play with that. Yeah, we only had one tier, one tax tier on that. So still to be seen. With Polygon Land, we added like an injection area with this. So it’s 1% of the ETH that goes into Arbitrum Land will be sent to Polygon Land.
So that’s a way of giving it more um injections so that hopefully over time it will start to build but we’ll see because in my in my opinion this is a superior contract and because i have control of the ui that means that i can build more functions around it which i’ll be doing actually um then the other thing which is quite interesting which we also built is we wanted to reward our NFT holders in a way, a special way with this app.
So that would be this collection here, our SEC DAO NFT. I believe you remember. You’re in the DAO, so you are. I am. Yeah, I’m in there. Yeah. So we sold out of these just before the launch of Arbitrum Land, which was great. So now they’re just trading on OpenSea, starting to see the volume pick up which is nice the way that they we rewarded our will reward our nft holders is if someone owns an nft and they can come here to the wizards tower now i’m not quite finished with the design on this yet, so it doesn’t really show much, but I’m hoping to make it more spectacular.
But the way this works is if someone has the SCC NFT and they have claimed out enough ETH, they can start to buy potions. These potions can raise their yield by first 10% and the largest yield they can buy is a 30% boost, which would raise it to 1.3% APR. When someone purchases the boost, the fee for the potion goes back into the TVL and then therefore that player that has a permanent boost on their earning for the entirety of the contract.
So again, a bit of game theory in it that they have to first um withdraw the amount of eth at the the boost costs so they can’t just initially straight away start the game buy the boost and then and just automatically get a higher percentage than everyone else yeah yeah yeah so gotcha the the first one we put at, the cost was 0.03, but we’re running a bit of a discount.
So the 0.024 ETH for the first one. And then the second one at the moment is 0.08 ETH. These can be changed. If ETH goes crazy expensive, then we can adjust as needed. Same as the compound, the minimum deposit, these kinds of things. Oh, here’s Lee. um these kind of things oh here’s lee yeah so that’s how they work as well it’s just uh another level of game theory that we i wanted to add in i was really trying to think of a way to find like a boosting yield but in a way that wasn’t i’m gonna make things unsustainable so that was the idea we came up with um it was quite hard though i’m going between
polygon to arbitrum with nfts because um nfts can’t really handle solidity can’t really handle cross-chain nft uh communication so yeah that was that was not fun quite difficult quite difficult yeah and then finally the the other part of the Dapp is the referral system, which is come to the referral dashboard.
I built this a couple of days ago. It’s a little tree where you can start to populate people under you. You can start to see how much yield you’re making from each wallet. So you can kind of zoom in with the tree and then see how much that person invested. And above it will show you how much referral reward you got from that person the referral rewards from our blend just go straight into the uplands wallet so they don’t go through the system just go straight to their wallet and we have the tier and the tiers rise gradually as that person on boards more. To show you in this address, for example, this wallet, it put in 0.03 ETH,
0.03 ETH, and it invested once, right? We decided to cap the referral system to make it more sustainable so that any downline that deposits more than three times stops giving to their upline gotcha just to try and cap out so for example this wallet here they deposit four times which means i got received referral rewards three times on this wallet but after the the third time the fourth one did not come uh into and it all went into the tbl so that’s the way we tried to push the referral system so in my
opinion most the time when you catch a referral you’ll get most of the rewards in the first three deposits anyway yes they’ll they usually go get a test maybe yeah yeah and then they’ll and then a couple big couple bigger ones and then they try to start playing the game yeah exactly makes sense clever and then it starts to push the um the. Yeah, exactly. Makes sense. Clever.
And then it starts to push the person if they are, you know, if they work in affiliate marketing or they’re trying to catch referrals in this way, then we, you know, they’ll start to think, OK, I need to cast the net again. I need to catch some more. I need to grow my tree, these kind of things. So I’m still working on this part of it.
I think there’s other ways to gamify it, which, you know reward um people who grow more and probably start adding that into the referral system in the future at some point that’s the basics of um how the contract all works together basically love it i got a few few questions i’ll rattle out to you so i love arbitrum the chain is awesome the speed is awesome the gas prices are fantastic that’s where i prefer to hold eth because it’s just impossible to deal with eth on on the ethereum chain why outside of those factors i guess why why did you choose arbitrum to move over to we had it in the the roadmap basically we made polygon land and then it was arbitraland was next
so we got the branding done and then we started the app and I bought the website but then as I said we finished was it was it strictly because there’s so many eyes on the it’s just a different audience there’s like the Arbiter chain there’s a bunch of people who are just die hard folks on that side and you thought you’d bring in a different audience go and move into arbitral kind of you can kind of see in the tvl as well like um the where would it be that would be we’re like 2024 yeah so in the bull run
height you know they had a like two what’s that two 220 billion inside arbor inside arbor oh no that’s all of it sorry Sorry, bring it over here. Oh, there you go. Yeah. So if we’re in July now, we get to the year. Is this on a year? I don’t think so. It’s the whole year. There you go. So 22 there is the peak. So it’s higher now in July.
Yeah. So it’s slowly growing. It was around about the time when Camelot came out, which I think is one of the biggest protocols. It’s kind of come down a bit. It’s big. Number six, yeah. So it was Camelot, Uniswap, and Pendle was also gaining a lot of traction at that time. So that’s why we made the decision to go with it.
And then I bought the website, and we had the domain, and then we had all the branding. It was like, well, we’re going to have to do it. Should, like, in in hindsight you know also building on base chain is you know a great one binance smart chain is also a great one i really think that with the um idea of going on arbitrum it does just point straight towards eth and that’s what we just want to aim directly at is just how to stack eth so yeah that’s kind of why um it also does give the option in the future as we start building out the contract um it does give
the option to start using the um pendle and magpie um and camelot yield in addition that we could start building in into the platform which is something I’ve been playing around with since launch. Because I know not every investor likes the idea of locking up their capital permanently. Like this can actually put off some people.
Oh, where have you gone? You disappeared. Where are you? I’m off the screen, but I think people can still hear me. Yeah, perfect. So that kind of puts off some people so we are can i’m considering continuing to build out and making you know a non-permanent staked uh aspect to this contract as well in the future which i think would um you know it’s a different kind of investor um that likes these these kind of things also considering adding more gamble thigh-Fi, you know? Yeah, for sure. Where to go.
That was the main reason for Arbitrum Land because it can tie quite nicely into the LSD, liquid staking derivatives and things. It’s really popular over there. Yeah. Do you have any other questions? Yeah. So I do have a question about, as I’m jumping in here, so you’ll put in your ETH and why a deposit cooldown of all things? Well, that was also a security for launch. I’m going to reduce it.
Just so there’s no kind of bot activity that can game the system. So there’s no kind of bot activity that can game the system. Exactly. Had that before long ago. One contractor was in and somebody decided just to spam the deposits and they crashed the site and clogged it and they just got awful. So it’s also precautions.
It’s crazy how much you have to think about when you’re creating this stuff. You hope that the players are going to try to do it the right way but you got to be real hesitant about creating any tokens or i mean flash loans are a everyday thing these days and so you really have to to try to make sure that you’re foolproofing the system yeah i mean it’s it’s a full-time job to try and exploit contracts, right? Yeah.
People sit around and do it nonstop. Telegram. This is the wave of the future that we’re in, and anyone’s going to try to find ways to exploit it. Exactly. Yeah, that’s very true. So I’m going to actually try to… Let me see here. Let me see. Make sure my wallet’s connected. Let me figure out how much.
So obviously, on Arbitrumrum for those folks who don’t know arbitrum is fantastic like i said it’s fast eth on arbitrum is the gas i’m assuming that’s the same here and then we just put in the dollar amount so i’m actually gonna give this a go find any bugs let me know okay perfect okay so i put in i’m gonna put in a little about 1100 bucks is what i got here so we’ll go that um we’ll sign and do the ledger stuff stuff always rubber up yeah always have something to protect crypto it’s uh especially these days i
actually had a couple people just in the last couple days hit me up in my um just in my dms asking me hey i you know i got scammed uh last year and i’m getting into packing i just want to make sure i’m totally safe what do i do you know it’s like ledger set up a new wallet start start from scratch you know okay so i now have 3.948 million nights yeah bumps the tvl up to 13.
5 which is solid and you just got in that perfect timing actually right so what happens we also launched an initial new game yesterday for the contract it’s called the raffle um what happens is when anyone buys into arbitrum land they get um entered automatically into a raffle which gives you a ticket and the tickets are to win a prize pot of ETH the longer we run the raffle of course and the more people investing into arbitral land and the larger the price pot gets so when you deposited it there we have it here the invested 0.4 eth got 158 tickets and the prize pool
raised and then there’s only nine minutes left on that raffle actually so i got a chance to maybe win it that’s awesome awesome. Yeah. It was a little game I just built yesterday because I was thinking, just trying to find fun ways to make the community, you know, enjoy. Enjoy positing, watching things, winning little prizes.
You got to find ways to boost the community engagement and have everyone have fun with it because there’s always the next app coming out with some shiny shiny object and if people are having fun where they’re at then they tend to stay there and be loyal and you’ve kind of built the dap in a way that it’s um it’s really more of a long-term thinking mindset you know it’s not because normally you’ll look at a tbl and you’ll say oh if there’s not x dollar amount i’m not even gonna get in because you’re it’s an ry dap and your purpose is i want the t will just spike as i’m going to get it as early as possible i want to spike as
high as possible and then i’m just going to drain my funds and try to get to roi so that’s the mindset of most investors and you know game players out here and so if you’ve completely changed and gamified the system and it’s sustainable over time and you add in all these metrics then it actually makes it cool to play and be a part of the community.
Yeah, exactly. That’s the whole idea. And I like how the map element is something I really want to get kind of deeper into because it’s a map. It means it’s quite easy just to add new objects, new buildings, and new contracts on top, basically. So no stopping making a dungeon to the castle or make a bank you know make a shop lots of things we could just start building building into it which uh start to gamify the experience more so that’s that’s a long-term vision uh for it’s awesome now that i’m in i’m going to be able to play around with this and i may have some more
questions for you later. I have one or two more, but so explain real quick for me one more time. When you’re going to go boost your APR, you need to use the system enough to be able to get to a certain percentage of ROI and then that section is going to be available, right? Okay. Yeah. So I’m going to make this clear.
I might do tonight actually. So when it comes to buy boost, if you hold over the the top it will give you a tool tip telling you why you can’t buy the boost basically this says i have not claimed enough eth yet to purchase an x boost which is true because on my account the boost what was the price of the boost at the moment 0.
024 and i have not claimed out uh in oh no was no was it zero point yeah I’ve not claimed out enough ETH to um warrant that so later on today if I do claim here then I can buy the potion so that’s for me for other people if for example a lot of people have will have the nft but they’ll um probably have gone in to the contract on a different wallet right so for that then if someone has that issue then they can the button will turn into uh apply the application will just send me a dm and then i’ll say oh hey you know okay let’s sort it out yeah okay perfect that
makes that makes sense that was the easiest way i could find to do the cross chain verification with nft manually yeah Yeah, for sure. Yeah. Yeah. And then I just approve of the contract. That’s the best way. And I think, yeah, that’s the two that will stop it. And then it will highlight with the boost that you can buy.
And once you buy it, then it will populate in the middle. It’s not an NFT that you buy. It’s just in the contract. You just get the proof that you have it. Gotcha. Okay. We didn’t want to add more NFTs because it just confuses things even more. Yeah, absolutely. Yeah. The more complicated you make things, it just gets tougher on people.
Yeah. Awesome. Let’s see if there’s any questions in the chat, just so I don’t hog the whole question asking deal. Sure. We’ve got a who’s who. We have Crypto Phil. Hello, Crypto Phil. How are you doing? Crypto Phil. Crypto Phil has been active. Nikolai says my volume is a little low, but someone said that last time but my my microphone is maxed so i’m not sure is my volume low my end it sounds good but i can’t tell what my volume is so yeah i can’t tell the difference between the two nikolai turn up your computer turn up your speakers
that’s the best way we have who else we have we have? Oh, we have Lee talking to Phil. Okay, they’re just talking. SCC and STI, great combo. STI. Yeah, that’s just my, it’s got the investor, shortened the channel deal, yeah. Oh, that’s good. It’s too long to spell all that out, so better just to abbreviate it.
Danny’s on, that’s Danny.y’s on that’s danny yeah danny’s on from across the world yeah in australia it’s it’s like six in the morning in australia no no it won’t be six in the morning it’ll be ooh be bedtime anyway something should be sleeping yeah yeah midnight midnight i guess uh with crypto cat who the boss super tired alakashian man so it’s uh so that’s danny it’s 125 a.
m he says wow okay it’s plenty early uh killer says slow and steady is best chasing most of the time you crash and burn that’s true there’s there’s no point um chasing chase man it’s a tiny game it’s you know chasing can be fun a little bit in the middle of a bull run when everything’s popping and you’re just having fun with some risk capital but i think we’ve all gone through you know the the ringer over the last couple years and in uh during the bear market.
So now I think everyone’s kind of looking for stuff that’s going to last. It’s going to be there tomorrow when they wake up so they can play the game or compound in their DAF or whatever, just a little less stress. And so it’ll be nice. But I think a lot of people are jumping on that train now. Yeah, it’s true.
And I guess I was talking to, who was I talking to? I think it was Colin that was talking about this, that a lot of the people who are in DeFi now, this is not their first cycle. They’ve already gone through the last bull and into the bear, then into the bull again. simple contracts will be the ones that will attract people who are new into DeFi and they’ll think wow it’s amazing and then they’ll go in and then they’ll realize that it’s highly exploitable and going to zero yeah um yeah it’s gonna be it’s gonna be a very interesting bull market like
so I got into crypto in 2016 uh that was the first time I bought a bitcoin for 600 bucks and so I was pretty pumped about it um and uh sold it for 1200 because i was like wow 100 gains i should have kept it but uh but yeah that’s that’s what i was buying and everything so i got to go through that bull cycle and then a bear and then the next one felt totally different and then a bear and then so this i think will be my third third bowl cycle but it gets way different every time it’s considerably different every time so it just takes a little bit getting used to and you get a lot more calm once you realize um how it’s going
to work the camera keeps redoing its own thing yeah it’s true actually because the even this last bear market there was a good two three month um section of airdrop fever yeah you know it was airdrop everything everything was airdrop and then now that it’s kind of over and you look back on what did we make how much time did we spend and there was a lot of platforms where you you spent a lot of time um farming the airdrop but then nothing actually appeared yeah nothing happened project was farming us basically exactly yeah airdrops airdrops in
general kind of worry me because if i get it if i don’t if i’m not tracking it like in its own specific wallet and i’m not tracking it uh with precision i just don’t trust what ends up in my wallet because you and i both know if you deal with a lot of stuff or farm a lot of places, I’ve got NFTs and I’ve won contests and I’ve got a million different tokens and that stuff is nonstop, but I don’t want to touch any of them because as soon as you interact with those, you end up getting exploited.
So the airdrops are scary for me personally. It’s also, for example, like today I decided to take an hour to try to clean up some positions and I went into, where was I went to? I went to, was it Mode? Yeah, Mode. So I went in on this like six months ago and I parked some ETH, a couple ETH actually, and I parked it into Mode.
And the whole idea was park your ETH to get the airdrop, right? So I thought if I put like, you know, one, two, three ETH in here, then I’m going to get loads of money. So, you know, I came back, checked. What did I get? $25. Nice. Yeah. All right. Yep. Wasting time. Same with Blast as well. Blast was a huge one.
Blast got really big. It got a lot of hype and it didn’t really seem to go anywhere. A couple hundred bucks. I think a lot of people were in the hamster combat which just had their token listing and it looks like a lot of people were playing wildly on that the tapping and uh about 30 to 20 dollars was the average average take for it so it’s tough it’s tough a pretty good question here from nft investments who asks um question for both of you, how long do you plan on Arbitrum Land and Paka Finance to last realistically? Okay. Well, we haven’t talked about Paka yet, so I guess we can
answer this question and then get into Paka Finance is a good way to do it. So for Arbitrum Land, it is high risk. It’s a high risk contract. I’m not going to lie about that. Technically, um technically i my aim for arbitral line would be for it to continue being profitable for at least one year is my personal aim um if you know anything about me my personal aim for our nft collection was to airdrop uh every month for one year which we just did last month so it’s kind of my passion my drive is to kind of set
these goals for myself so that i can do it so we come to the the stats for our nfts we’ve sent in 12 months we sent 93 000 to our holders um which is 134 000 matic at these prices a matic is like 40 cents i think the all-time high was $2. So in the bull might be more, hopefully. But so with Arbidrum Land, it’s kind of, I have the same mindset that this is the contract that we launched with.
And now the game is over the next coming months and well, weeks and months from launch is just to continue to add on value to it, which should give more attraction to different investors and different styles of DeFi enthusiasts and give it longer legs is my entire goal. So for me, I’d say a year, but for Paka, Paka is completely different.
But I guess we can actually start talking about paca and then yeah totally different we can get into it i’d say um for arbitral land you’ll get the benefit of going into the bull run too so as you can continue to build on your ui and everything it gives you so much more access to make it last longer and give people what they need so that’s the joy of building in the DeFi space uh PACA.Finance in general so just to address the question PACA.Finance is going to be able to run for years but there’s there’s there will be a point where the market will begin to turn down and we’ll be able
to see that in advance been through a couple bull cycles when every single person is talking about how you got to get into this new NFTs things or whatever, like, you know, around the corner, six months, a year, things are going to take a nasty downturn. We’ll be back in the next cycle.
That’s just generally how these things work. So not a big deal. All we will do, we will likely keep the pro the, uh, the whole protocol live. We’re going to continue building on it. So it would be really weird for us to go, okay, we’re just going to sunset it and kill it after doing all that work. What we will likely do is just change the APRs to something that’s more reasonable over that time, that time period.
In the bear market, you’re not going to make the same APRs as you are in a bull market. So all we’ll do uh we’ll adjust accordingly to the market conditions so hopefully that answers the question but we don’t plan on going anywhere it’s 100 external revenue so there’s no real need to kill it there may just be a need to go okay we’re not going to make as much in six months as we are right now we know that because the bull market’s going to end we need to lower the aprs and so that future stakes can continue to pay out. So that’s it. Yeah.
Because, and for anyone watching who might not understand how, how PACA.Finance works, you said there are a hundred percent external revenue. So how would you define external revenue firstly? Okay. So here’s basically how PACA.Finance works. And we originally started this as something called 8-Bit Farm. We’re farming the money. That’s where the revenue comes from. And we pay that back to investors. We built the DAPP.
We were just really having fun with it. It really took off and got a lot of traction. At some point we decided, hey, the bull market’s coming. The platform could be huge. Everyone’s loving it. Let’s make the contract cleaner and smoother, easier to use for people. Let’s make the UI cleaner. Let’s give it an updated look.
We didn’t really have any cool mascots or anything. It seems like most protocols that do really well have just an awesome mascot of some sort. So we went with the Alpaca, Alpaca Finance. It’s professionally allocated crypto assets is basically what we’re doing. So it’s just a fun platform we rebranded it’s the same thing we just wanted to make it better and smoother and we decided it was the time to do it before the bull run took off so bam PACA.Finance what you’re looking at here testimonials video resources and everything that rishi’s showing there but here’s
essentially what happens it’s extremely easy to to understand application. We use what’s called concentrated liquidity pool farming to earn rewards. So investors come in, they say, okay, I’ve got a couple, you’re going to have several pools to choose from. Right now, we have the USDT pool available on the Binance Smart Chain.
Most of you folks that are watching this channel are familiar with binance and have done transactions on it it’s not a crazy uh you know it’s not a crazy network or chain to to work off of most of you have already interacted on it plenty all you have to have is usdt you put it in and it will give you the stated rate which is 0.33 that’s our standard rate um for 250 day lockup now some people say, oh, you’re locking up our capital. You know, that’s frustrating.
We can’t guarantee you what’s going to happen tomorrow for payouts. We can’t guarantee you what’s going to happen in the next couple of weeks. What we need is the average of time to be able to average out those rates. Some days we’re going to get paid fantastic. And there’s some days we’re making two, three percent on our farming positions. It’s fantastic. I wish it was like that every day, but it’s not.
There’s some days where we’re losing or we’ll break even in those positions. It’s really about the average over time. So once investors deposit their USDT in, we take it, we bridge it to a series of pools that we’re farming. Some of them are on Arbitrum. Some of them are on SUI. We’ve got some stuff on Binance Smart Chain.
What we’re doing as a team is really just managing the position for you. So you can kind of set it and forget it, and we’ll go in and do all the work. If you’ve ever done any type of concentrated liquidity pool farming, you realize it’s kind of a pain in the ass. So it can be great. But the difficult dichotomy here is you want volatility because those up and down swings inside of those ranges are what pay you out the fees, but you don’t want too much volatility because if it goes outside your ranges, then you’re not getting paid anymore and you have to
think about rearranging. Rearranging the upside is never a huge deal. Rearranging the downside kind of sucks because you have to take that impermanent loss. And we could talk for hours about impermanent loss and how these work, but just to sum it up, we’re just managing these concentrated liquidity pools across several wallets, across several networks and earning above what our liability is to pay out.
So how this all came about is we’ve all been through a lot of the same dabs. Richie, you and I i have been in probably 90 of the same stuff at the time yeah uh we we started farming we started noticing that these whale wallets we started watching some of these whale wallets and noticing like these guys have just been farming through the whole bear market they got six million dollars in here and they just got these wide ranges and they’re just letting it work you know they don’t want to sell the asset but they want it to work for them while they have it. And they’re making pretty decent money on
those positions. So we said, okay, clearly the whales, the big guys who made big money last cycle, they know what they’re doing. How do we attack some of that? So we took a bunch of personal capital and dumped it into, dumped it in some farms and tried it out. Some were successful, some weren’t we really learned the i guess the skill and the art of concentrated liquidity pool farming and we what we realize is okay we can do really well on this we can’t offer an average more than 0.
4 daily we that’s so you’ll never really see you’ll never see our total average be more than that we’ll never run a promo for 0.6. We just can’t maintain it. So in order for this to be, um, to be fully functional and have no Ponsynomics or anything behind it, we had to be able to pick a range that we could do and then pick a, um, pick a percentage and then pick a timeframe that we thought was necessary for us to be able to average it out. So, uh, we tried a few different things we had some smaller time frame lockup periods with smaller percentages nobody really used them people want
the higher percentage and people were confident enough our abilities we’ve been around for a few years on screen showing our faces fully doxxed um that they were fine with the 250 day lockup so that’s where everyone gravitated towards so we we killed the other ones. We left these in here and people seem to really like it.
But overall, the concept of the DAP is extremely simple. You park your capital, we go farm it, we scrape the fees and we send them back to the contract, sits on the contract. So when you go into claim or compound, you just continue to do that. So really simple process. or compounds you just can continue to do that so really simple process yeah and of course after your stake period is over your principal deposit impact comes back to you yep yep we have to lock it up we have to lock it up because people pull on red days oh either they’re scared so they want
their money back or they see, Hey, this is a major dip. We’re going to buy it. Right. We, we, we have to have a lockup period because those dip down days, we can’t have everyone taking out and us needing to close a position and capturing that impermanent loss. It makes no sense to do that.
We have to be able to write out those down days and have the good days. The best case scenario is when people deposit on the down days, and then we can buy the bottoms and then our ranges are even cleaner and so you know there’s certainly stuff to nitpick for every dap about why you do and don’t like something we really try to find a happy medium on everything and that was a you know a reasonable lockup period a reasonable daily rate that’s not super degen but way more than you’re going to be able to get in a lot of other places and then you get your initial capital back um you know we’ve got a
compound claim you can compound or you can compound or claim as much as you want granted the minimum claim amount is 25 minimum compound amount is 20 yeah i’ve been actually so before i what i did initially was i i sat, sat and forgot it, and then came back to it was like, oh, yield, and then claim, claim, claim.
And then I was like, oh, wait, there’s a compound button. Then I realized this was, what’s this about? Two months ago, roughly. Then I realized, oh, if I compound that, and then I came back, you know, a couple of weeks later, I was like, wait a minute, I’m earning even faster than I was before. You know, because of compounding. Yeah. It builds up over time.
Yeah. So now it’s just, I’ll let it get to about 30, $40 and then just compound right back in. Which is perfect. And so here’s, here’s a question we get a lot that I want to make sure that I address. How can compounding be sustainable? And here’s what everyone needs to understand. We’re hyper compounding our positions daily.
So when you’re taking out, I can’t compound. I need to make sure that I’m taking money out of the pools and putting it on the contract for you to claim. But if you’re compounding, that money stays in the pools. So I’m compounding some of these positions five, six times a day. So if I’ve got $1,000 built up, I’m reputting it in the position.
Depending on where it’s at in the range. I may be adding a new range. I’m laddering stakes. So it’s swimming in the middle of the ranges. And when I blow out the top of the other one, I rearrange it to the next deal. So like if you’re, if you’re a hyper compounding on your end and you’re wondering, man, how, how are they going to pay out this money? Trust me.
We’re all hyper compounding on our end, trying to gain, get the bag to really blow up and be really large. Cause you know, ultimately we, there’s no fees on, on this pool or, and there won’t be on the swap X pool when it gets released. So there’s no deposit fees. There’s no withdrawal fees. There’s no admin fees. There’s no, no fees at all.
How we make money is we have to make above what our daily liability is. so if our liability our average is probably like 0.36 right now because we run some 0.4 promos and our standards like 0.33 if we’re making 0.45 and our average is point you know 0.36 then that 0.09 or whatever that’s that’s our profit so we have to outperform what our liability is.
That’s the only way we make money. And we feel like that’s good and fair on this one. Future pools, they’ll have a little, you know, reasonable deposit withdrawal fees, but we really wanted to launch this one and the SwapX with no fees and just, you know, kind of get people comfortable with DeFi again and let them know that there are some platforms that are actually have honest devs and all that.
So that was the reasoning behind that. Okay, good. One question, which I was thinking about, but I don’t think it’s going to be a problem because I was into this day one. So I know kind of how the investments went. But NFT investment says, what happens when the first 20 to 50 day expires? If everyone withdraws, will it be sustainable um yeah so the answer is yes because then we don’t have any future liability so if you so if you if you have ten thousand dollars and you take it out i don’t owe you 0.33 anymore so we take it out of the we have we have
to close out the pools so i’m hoping that you know, our worst case scenario would be the 250 day mark comes and it’s a bloody red day. It’s horrible. And we have to close positions with an impermanent loss and then put that back on contract. That’s the worst case scenario. It’s still sustainable outside of it because if we’re well above profit um we’re you know we’re our average our average has been really solid just above like 0.
5 so over time our bag is going to continue to grow and hopefully by that point in 100 days or something like that when those when those unlock we’ve got enough just in the treasury bag to pay out any outgoing anything but we’ve designed a system um to help to help with that so part of the issue is for us because we’re all web3 and when people go to claim it comes directly off the contract it’s instant we uh we don’t know whether or not you’re going to take out your 60,000 that’s going to expire tomorrow.
So what we’ve done is we’ve put a short time delay on all withdrawal stakes. And so it’ll give us a 24 hour warning. So we’ll know if you’ve got a $50,000 position in there and you decide I need the money, I’m taking the full 50. Or if you say, you know what, I’m going to take 25 back and put 25 in, we’ll know 24 hours in advance.
And so we’ll know in the next 24 hours, you have to close some positions to put some money back on the contract, or he’s compounding all of it back in. We don’t need to pull it out of the positions. Because worst case scenario for us is we’ve got $200,000 in people that could take the money out. So we take it off the contract and it’s not earning. We take it out of the farms. And then those people don’t claim on day one, two, three, four, they’re all out of town. They forget.
And then they end up putting it back in. Like we need the money in the farms working. So we just need to know a day in advance, like, are you going to need it? Are you not? And so the, the claim button, which will be live once everyone actually has claims available to take out, which we’ve already had.
So sorry to take us off track here, but we had originally a 50-day plan, 150-day plan, and 250-day plan. Not a lot of people used the first two, but all the 50-day plans already expired. We already paid all those people back. The 150-day plans ended six days, so that’ll be live. So anybody who picked those shorter plans, those guys will start being able to take their capital back and they’ll have a choice.
So whether they want to keep some in or all of it, or a little bit of it, there’s a toggle for the percentages of whatever they feel like they’d like to do. And, um, yep. And then we just, we have a time delay enough of about 24 hours to where before the, the, the bot will actually kick out that deposit and then we’ll know what’s really liable or not. So no, for a very long, long story short, it’s not a big deal.
If people want to take money off, off the contract at that point, we’ve, we’re already using that to earn. As soon as they take their money off, we now no longer have the liability to pay them. So it just, it works. The math works correctly. works correctly yeah and also from from the beginning of this protocol when it was 8-bit before it was rebranded to paca remember the launch it was it was a slow burn initially and then yeah race at the moment there’s what almost three and a half million uh dollars in this right yeah yeah it didn But it didn’t happen overnight. Very much. Yeah. So it’s not, you’ll see, you know, I forget what we kind of got right out the gate.
The first couple of weeks, you know, we got 50, 60,000 or something like that in there. And then, you know, just grew over time. So it won’t be a 250 day hits. Everyone’s stake unlocks 2 million comes off the contract. It won’t be like that. Everything will be staggered. And like I said, we’ve basically essentially built a backend dashboard for us to be able to see, okay, what’s due tomorrow? What are people claiming? What are they not? We’ve got plenty in the contract for the liability, or let’s go look at our positions and maybe close some stuff out and move it over
there. So it’s the only way we could do it responsibly because A, it’s our responsibility to give people their money back when their stake expires but b we also have to make sure that we’re farming to the best of our abilities to be able to pay all the current investors their their liability so we can’t have this money sitting on the contract not working for us we got to have it we got to have it doing its thing in the concentrated liquidity pool farms yeah and um just to explain concentrate liquidity uh for example
orca you know so you could in what scott was saying there is you know concentrated liquidity farming is not fun yeah it’s it it is initially and you’re like yeah this is so much fun look at the yield coming in right but after a while it’s not uh where’s the one? I think on this, I was playing around with this today.
I have a Solana and Bitcoin position in here, I believe. It’s gone. What happened? Oh, well, we’ll just… So it’s tough. If you’re experienced in it, then you can really get… A lot of people want to go for example custom range can we make that bigger no uh you know i want to go custom range with it and they want to try squeeze these right hand ones so that the apr peaks right and then you know you’re in a tiny range and then you’re making you know higher and higher yields but at the same time
as soon as the price goes up or down outside of your range, then that means your, your pair is no longer earning yield. And in the worst case scenario, the value of your pair is going down in dollar value. Right. Um, and then you could come back to a few days later and realize you’ve not just not made any yield, but you’ve also lost dollar value as well because you didn’t um yield farm with the right strategy so yeah it’s it’s it’s tricky it’s um to be it’s very tricky master you know there’s a lot of stages to it and you know we don’t we don’t give away our specific positions
because people are people in the in the defy space you share any of that it’s we’re not a copy trading service people directly steal your ideas and go try to make a carbon copy and they also while the that may look good they might not be near as honest and so they’re just doing their own thing so we keep our we share screenshots and everything of the yield and some of the positions but we don’t share the exact ranges but there’s several stages to picking it first off you need to go pick tokens that have
big market caps big ones because you’ll see some juicy aprs on some tokens that aren’t very big you get you can get eight percent a day on fifteen percent a day on this or that the problem is those tokens end up losing value and then once you fall out of range you’re you’re stuck so you have to pick um you have to pick stuff that has really high market caps, stuff you’d want to hold.
Even if it were to fall out of range, you’d say, Hey, this is going to be really big in the bull run tokens like that. First, you got to do that. You got to consider both sides of the pair. So in some instances, part of the pair is going to be a stable coin, like Suey’s like a USDC, um, Suey position, right? SUI we like, there’s a lot of good metrics behind it, but USDC also, of course, is fantastic.
But that plays different than, say, something like a near BNB position, which near is the SUI-like position, and then BNB is more of the stable side. But BNB can also go up or down in value, so it’s not a stable coin. So those types of pairings are played completely different because if you fall out of range to one side or the other it means something completely different than when you’re stuck in a stable coin or a coin that moves um so anyway then then you have to consider your ranges which means you need to go back and start to look at uh highs and lows
and historical highs and lows and the ranges you think it’ll stay in and do those ranges pay enough APR over time to be able to do it because those APRs are fluctuating based on volume. So if APRs are super high today and then the market’s just flat for five days, it might make very little.
Or sometimes you’ll put your position in and you’ll refresh it 30 seconds later and you’re up 150 bucks. It’s like, wow like i wish it was like that all the time so it’s a very complicated game to play yeah like this um you know a novice would come to turbos for example yeah they’d see this one std and sway meme coin yeah 1 300 apr brilliant right But even from looking at this, you know, with some knowledge, you realize that this liquidity here is way too low with only $60,000 worth of liquidity.
What happens if three or four whales decide to pull their liquidity positions out of this pool, right? Means that not only is the APR going to collapse, but also the value of STD is going to go down. And because definitely they’re going to be selling the meme coin. And you’re going to come back with a lower APR and your position will have moved all 100% into STD token and you will have no sway.
So then you’ll have to pull it out, sell the STD back into sway at loss and then start farming again, which happens to us all. Yes, we’ve all done it happens to us all, you know, that’s, that’s the risk. We’ve all done it. We’ve all thought there was going to be, yeah. So it just, it takes a while to, I’d say, get good at it. You know, you really have to do some testing.
I think that’s, I think we end up getting a lot of folks that are like, Hey, I’m farming, but I’ll throw a little bit in here. And a lot of folks realize like, yeah, I’d rather, I’d probably rather just you do it because it is it’s hard and with with positions the size that we have i’ve had days where i’m down a hundred thousand dollars in in lp value but the next day 80 of that’s back and then it’s up 20 the following day yeah but you’re watching it going okay but you gotta but you gotta be confident in the pairings and the tokens or
everything and obviously we’re talking about you you know, multi hundreds of thousand dollars, close to a million dollars on individual positions. So when those things move around or whatever, they swing wildly and you just have to sit back and realize over time, the averages are going to be there. Just stick to your strategy and everything.
But yeah, it’s good. For those of you who want to get in. So we’ve been uh protocol protocol has been launched i don’t know how many months for five months in something i don’t actually know um something like that but a month and a half ago i think is when we launched the new ui we did a little promo when we did that uh i know that a lot of folks are probably new to the channel uh or new new to the protocol for those are on your channel watching or whatever haven’t seen my content so yeah we’ll i’ll have the boys i’ll have the boys plug in a 0.4 promo
right now and we’ll run it for like 24 hours so if there’s anybody who just wants to like test it out throw a little money in and see they’ll get a little they’ll get it at the promo rate it’ll be cooler than than not so we’ll just we’ll run a short little 24 hour 0.4 promo or whatever for on behalf of richie oh well i’ll put that in the chat as well um see because i’m sure some people um because a lot of people we get so many people like in our chat as well they just get burned on lp farming so it is it’s definitely like you can see the proof is in the pudding from what I’m just displaying here.
I’ve held these positions. I’ve claimed out at least. It would be good if it showed the claimed as well. We’re going to try to show some different metrics on here. Part of the issue is that we’re dealing with two different contracts. The old contract and the new one. It’s for whatever reason, it’s kind of tough to pull some of that information.
So we can easily do it with the new contract, but then it wouldn’t see the old stuff. And then people say, well, no, I’ve claimed more of that. We’re trying to get all that sorted out. But all that stuff and additional analytics are on the roadmap, plus some additional pools. We’ve had games that we’ve done in the past that we may just redo on here with a fresh skin and have it be nice.
There’s a few things that we’re going to do to make it better, but more may just redo one here with a fresh skin and have it be nice. There’s a few things that we’re going to do to make it better, but more analytics is definitely part of it. What’s your opinion on SwapX? When do you think it’s going to launch? I don’t know.
I know for sure X-Layer, if you read through the chats and forums and everything, X-Layer has just got some issues. Also, from a regulatory standpoint, I don’t know why some of these governments just hate crypto. So I’m not really sure exactly how that’ll work. I know that the team is awesome. As we know, all the people on the team are awesome.
I know they’re super honest. So I know that they’re doing everything they can to try to figure out a way to get that up and live, but could definitely help. We’ve been wanting to really integrate that. We’re obviously friends and fans of all those guys and what they’re attempting to create. So we’d like to integrate that here to just support the platform and pay a nice percentage and give people the ability to be able to kind of set it and forget it in the same way and that we could help pump the token so i i wish i knew to be honest yeah it will be um i guess because i was thinking about this um earlier
as well like of course usdt or any stable coin is perfect for this um kind of model because you your dollar and dollar out right yeah with a token like SwapX, it could potentially go two ways, right? Yeah. It could moonshot, like, for example, Equalizer would be a, I think Equalizer is a pretty good comparison to what SwapX could do, which is the token for Equal, which is Phantom and, i think it’s phantom and base chain but basically scale but this on launch just went from you know one dollar to 13 back to 80 cents and then to 22 dollars right those are wild swing
people make millions in those swings you know yeah that’s that’s part of i think that’s part of the reason why we want both because we do want to offer, we do want to offer people the opportunity to like have these crazy moon bags. Yeah. You know, the nice thing about this and like, even like my dad’s got a hundred K in our protocol, you know what I mean? He just dumped it in here, set it, forget it.
And he just knows like, Hey, it’s going to be there when I’m, when I’m ready to get it back. And it’s just a normal payment. He pays his bills. He does a little bit of compounding and that’s it it’s smooth it’s a nice safer route to go in crypto now but you’re never going to wake up more than you know doubling your investment in 250 days you know you’re never going to wake up and be like oh my gosh this just mooned so we would like to give people the opportunity to be in a token that also as they’re getting their gains and they’re compounding everything in something goes wild and they can
make tremendous amounts of money i think it’s important for us to offer a little bit of both on the platform just so people can have fun with it because yeah because what will happen inevitably is as the bull market starts to take off and people just get super pumped about everything, they’re going to start to go.
They’re going to start to see all the posts on Instagram and Facebook and every other platform, TikTok, everywhere of so-and-so making a thousand X on this or that. And they’re going to go, I’m only doubling my money over here. You know what I mean? And that’s inevitably people will try to go somewhere else.
So we’d like to pick some cool stuff that we think is actually really going to boom and we’ve got some stuff coming you know just drop some Alpha we’ve got some stuff coming that will be live another pool that’ll be live on here within the next couple weeks that we think will be a juicy one so fantastic yeah good I’ll be interested to see what token you’ve chosen then or what um what chain what token will protocol that’s that’s very interesting yeah I’ll be interested to see what token you’ve chosen then or what chain, what token, what protocol. That’s very interesting.
Yeah. I’ll tell you offline. Nice. I won’t tell anyone, I promise. Yeah. Sounds good. Pinky swear. Sounds good. Fair enough. Cool. Well, we’ve been live for over an hour, so I guess it’s time to, we should wrap up. But this is, so this is PACA.Finance, right? And it is, I can’t even say hidden gem because there’s 3.
4 million dollars in here you know so it is a growing and get becoming a large you know large platform on the the binance merchant um try find other protocols of binance smart chain with over three million dollars in it and you might find a tough time right especially for five months six months right yeah it is becoming one of the most well-established platforms on Binance Smart Chain.
So congratulations first, you know? Thank you. Really appreciate it. You know, it’s exactly what I could tell watching your videos. It’s like you wanted something like this and you just couldn’t find it, right? Yeah, we couldn’t find it. And, you know, the team, shout out to Lee and Keith, something like this and you just couldn’t find it right yeah we couldn’t we couldn’t find it and uh you know the team shout out to lee and keith both you know obviously integral parts of the team i just talk about it that’s my role that’s i just get it out there but uh they do a lot of hard work
behind the scenes and we do a lot of i mean yeah it took a while to get it down but thank you for the uh the accolades because it’s super nice to yeah it got a little more traction even than we thought it was going to but we think it can be big and so we want to make sure that if we’re doing it we’re just doing it the cleanest best way possible for people so something they can actually enjoy you know nice well yep so that is PACA.Finance and arbitrum.
com and don’t forget so if you are what if you watch the end first well done you deserve a medal but instead of a medal if you go to PACA.Finance right now uh you will find a oh it’s already just been changed yeah it’s happened yeah yep exactly unbelievable look at the power you hold yeah that’s right now i messaged you real quick i said quickly change the change the promo i’m doing a promo so keith does the ui work right yeah so keith so so we we hired a really hired a really awesome designer to build some of this stuff for us and give us the template.
And then Keith puts it all into play. So he’s the dev behind the scenes. And then we all do, I don’t know, a lot of different stuff. I’m the most OCD. So I have Keith literally move that two pixels to the left. No, one less, two up. So we’re doing that all the time we’re trying to make stuff as good as possible and as clean as possible for people but that’s uh that’s the that’s the game you need someone always the one of the most important team members is the ocd one though yeah thank you i’m important yes fantastic i’ve been boarded. So now that that’s there, actually, I’m just going to quickly, I got some, I got
some USD. Yeah. Okay. Right. So the way it works, let’s just do a quick, uh, okay. The way it works. So you go to create stake, then you take your dollars and you decide what you want to put in. You can also put in a ref address. I don’t know who’s this one is, but they’re going to be my my one so you can choose if you want to or not i think is how it works and then you come to you may have to put the decimals in i’m not sure if we fix that or not the 0.00 on this on the change i’m not sure just in case it’s finicky it says it down below i’m
not sure if we fix it or not but anyway so that’ll give you your roi there. Yeah. And the ROI is 800 from the 0.4 for 250 days. Average estimated rewards. These aren’t fixed though, right? Because these could move or they are fixed. No. Once you lock your stake in, that’s fixed. So that’s exactly what you’ll earn every 24 hours.
Yep. And of course you have to acknowledge the risks. If you want to know the full risk, they do have an FAQ section on this site as well that you can check out. And then you just create the stake. And therefore, usually I always like to, you know, don’t go overboard with your spending cap because, you know, it’s crypto, high risk.
You just approve. I always just approve the, that one always comes up. That should be it done. Approving, yeah, we’re approving. Then once you’ve approved your spending cap you will get another contract uh another one that should pop up to deposit i think or did that just break your site it should pop up it should pop up let’s spend a spending cap yeah you might try that again see what this would see if it pops that up anytime you adjust the spending cap, it’s tricky.
Oh, there you go. You got a couple of trends. Well, still using MetaMask? You know, you’re like the best person who said that to me. That’s funny. Even Phantom Foundation, they’re moving to Sonic, right? Yeah. They said to me, they said the same thing today. They’re like, our favorite wallet ever rabby yeah it it takes a lot of the guesswork out of everything it is super smooth so okay cool yeah that’s it creating steak and the steak will pop up in your and there we go down there and then we’re in see and that was in there you got the 0.4 status button will go gray when you’ve hit your 250 days.
And then that button under the compound right there that shows like a little ATM machine, like a dollar coming out. You’ll click that button and you’ll decide how much you want to take out when the time comes. Oh, that’s the cash out button. Okay, cool. So my actual plan with PACA.Finance is I’m going to be suicide compounding this until the the yield matches you know what i expect to get from the yield and then i will never have to close my stakes as soon as the stake ends i can just restake it essentially is my plan with this protocol um
because then it becomes the infinite money printer you know you, you’re just, it’s, you’re all in profit. And then, yeah. Yeah. Because always invest in teams, invest in the people behind the projects is one of the most important advice that you can give to anyone new to crypto, you know? Absolutely.
You know, because you can believe in them. Absolutely. And same with you, you know, it’s like your protocols, I get into everything you do do basically, just because I know no matter what, even if you’ve got some hiccups, you’ll figure out a way to make it right or shift this or that.
I mean, it’s just dealing with honest teams and honest people. It’s hard to find in the space. And once you get them, you just stick to any, anything they do. I jump in. Yeah. And that’s it. It can, things can go wrong, but then when things go wrong and you turn to the person and say, what happened? The last thing you want is, hey, where’d they go? Yeah, exactly.
The best thing you can find is our developers who don’t disappear. In good times and bad, they are there. They stay, they iterate, and just try to do their best because ultimately we want a better DeFi space. I think it’s going to be real fun for the folks that have been around for a while and know all the people that are on us.
It’s going to be real fun to actually have a bull market and watch everyone make money because we’ve all lost plenty. And so it’s going to be nice to watch everyone make money this next cycle. That’ll be really great, actually. Yeah. Yeah. Fantastic. Have a party. Cool. Okay, well, Scott, thanks very much for coming on the channel and thank you for dual streaming on your channel as well that was great yeah absolutely and we’ll have to do it again sometime thanks buddy cool appreciate you guys and bye everyone take care bye-bye cool
