Manny

You know, Jamie's like famous line is that like, if you think of the traditional DeFi as a cookie jar, right?

And so if there's one cookie jar with all that money in, and if we've seen all these smart contract hacks or these hacks, once they open that lid of that one cookie jar, they drain that whole protocol.

What about if we decided to give everybody their own cookie jar?

And so if you wanted to break into and Blend had hundreds of thousands of small little cookie jars, which is all the user's monies, you would have to break into hundreds of thousands of all these individual cookie jars.

And that's where we start differing apart.

It's like starting to think about safety first, think about like global issues first.

from safety to helping you yield in your own currency and how do we mix all together so the user gets this like seamless experience that like us in North America or in the Western world have kind of enjoyed this and the rest of the world is really craving to join this like financial

Amy, you want to walk through it?

While Jamie brings that up, for all the people that are listening, the site will be available in multiple formats.

So when this gets released, it'll be on the base app for you to enjoy.

Everything is mobile responsive.

And then somewhere in Q2 or Q1, we'll have an iPhone and an Android app for you to all enjoy as well.

I think we think about it in like, you know, Blend, it's a protocol first, so it has multiple entry routes to it.

So the first customer that we're actually maximizing for is like the everyday user we want.

the everyday user that should have get access to like savings primitives.

So the way we think about in our core mission is that we want to bring 1 million new users on chain to try to have an average deposit size of $10,000.

So that gives like Blend hopefully an AUM of somewhere around the $10 billion range.

And we think that's like

something very doable, something thing that maybe you picked up on, but like we don't shy away about building this seamless, what we call web 2.5 experience, which why we coined it this way is that Jamie said that the thing for Euro is that we're actually going to integrate Revolut.

A lot of people are scared to integrate some of these big apps and say, oh, you're going to be, you're going to be taken away by them.