Shuyao Kong
๐ค SpeakerAppearances Over Time
Podcast Appearances
Very sophisticated.
It took the team five years to build it, by the way.
Like, I'm not sure people understand how difficult it is to build a DAX.
And then we also have a bunch of what I call them the left curve apps.
The left curves apps are really the goal is to bring order flow, is to bring novel experiences to users.
And I'm sure your audience are familiar with the euphoria of the world, the hit one of the world.
And by the way, even these apps are difficult to build because every single financial experience involves market makers.
involves settlement.
It involves user experiences that needs to feel real time.
So the reason the KPI took two months to hit is precisely because it was a little hard for all of them to get together and integrate in time.
So for audience who are not familiar, I think, let's zoom back, right?
I think when Mega comes out, we basically redefine what a blockchain is.
I think the idea of blockchain as just a chain database is just gone, right?
You build a fast chain, but then you also have to build the economic engine on top of it.
You also have to facilitate liquidity hub, which is the world market.
And I look at our stablecoin as part of the infrastructure.
And the goal is very simple, right?
The goal is if you are part of the ecosystem, we rally behind a protocol native stablecoin that gives everybody comfort and ease of familiarity to use USDM.
But in the meantime, USDM, the yield generated from the stablecoin is going directly back to the token holder.
I'm a very strong advocate.