Eggg yolk, what is cracking with the army
in the Chico barracks, but if you're new around
these parts, you’re just a viewer of the
tube.
My name is Tyler, and welcome to the crypto
channel that won't trick you when it’s time
to serve you up some content, unlike this
cat owner.
Don’t you 
be sad, cuz it’s time for Chico Crypto!
DeFi, decentralized finance.
The buzzword of the bull run.
Crypto tokens which cater to this blossoming
sector are the ones pulling a majority of
the crypto gains.
I’ve seen it, I’m sure you’ve seen it.
But just like I called DeFi popping of the
next bull run long before it happened, I would
like to make a prediction of the sectors which
will secure the next wave of the gains, and
continue the DeFi run, as each sector pushes
decentralized finance into it’s next more
evolved form, which means its usable by millions
of people & integrates with the non-blockchain
world.
So to begin, let’s just get it out there.
The two sector, I believe are going to secure
eyes of people far & wide...include scaling
solutions, layer 2 & NFTs, non fungible tokens.
If you watched my video on Friday, I went
over the reddit scaling bake off, which included
many of the scaling coins and solutions.
My prediction pick for the winner?
It’s xdai and their stablechain.
And that leads me right into something.
Like I said, this is what evolves defi into
it’s next more advanced form.
Scaling DeFi, and thus Ethereum is the biggest
issue I see in the markets.
And some projects know this, and are already
building on a scaling solution...with some
ready to launch.
One I’m getting excited for is Powerpool...as
they are building the layer2, fast and scalable
DeFi pooling governance protocol.
Their token, the powerpool CVP token, is a
meta DeFi governance token, which means it
pools and integrates the power and varying
governance mechanics of various protocols
into one ecosystem.
Like Compound, Maker, Synthetic, Aave, Compound,
Akropolis, YFi & Balancer.
The CVP tokens most essential function is
to define how to use the utility functions
and voting powers of the tokens, accumulated
in the PowerPools.
You can almost think of it, as the compound
of governance tokens...as if you go to their
alpha, which is in test mode right now, it’s
a place to borrow, lend, and thus pool your
governance tokens….but as you can see, by
default it takes us to a certain blockchain….xdai
Now, if we click into the other networks they
are building with...we can see it’s two...of
course Ethereum, but also Matic, the number
2 runner up I had for the scaling competition.
Now, if we go back in time, the power pool
team had an AMA just 2 weeks ago, August 17th.
They were asked “Why not choose an xDai
or any other network?”
They responded “That’s a good question.
Matic is the perfect network for the start:
very similar to Ethereum, its capitalization
is 5–7 times bigger than xDai, good amount
of support from their side.
PowerPool is a community-driven project, if
our community votes to migrate to any other
sidechain in future, it wouldn’t be a problem”
So, they were going fully with Matic back
then, as just 3 days before this August 14th,
a partnership announcement was made...well
August 26th, just 6 days ago they put out
an article explaining the future of powerpool,
and the longterm vision...in it they said
this “Our vision for tech implementation
of the protocol serving as a Meta-governance
level for the ecosystem is the following:
the protocol will operate on a set of networks
(Ethereum mainnet, xDAI, Matic, Binance Chain)
offering services for the different target
groups of customers.
For example, Matic and xDAI were chosen to
solve the gas problem for the minority token
holders which are one of our target groups
of users”
So, xdai is now in the mix, when just 2.5
weeks ago it wasn’t, and was only Matic
they were using.
And lower in the article they said this about
the beta test round “In the coming days,
we will launch the Beta round of the testnet.
During the Beta round, all basic protocol
functions will be tested by 100 selected participants
in the xDAI chain”
Alpha to Beta, it’s being tested with xDai...which
is further reinforced from their Beta testing
article, it says “The task for Beta testers
will be to examine our protocol that’s been
launched on top of the xDAI second-layer network,
using real ERC20 tokens from the Ethereum
mainnet which includes testing of the mediator
smart contracts, their parameters and UI/UX
for transferring tokens between the Ethereum
mainnet and xDAI network.
And then just last friday, the powerpool twitter
retweeted this “xDAI working its magic with
@powerpoolcvp”...which was someone retweeting
their tweet.
What was powerpools tweet.
It was about the performance of the test on
xdai.
Powerpool said “Crazy gas costs?
Never heard of that #PowerPool Layer 2 DeFi.
50 testers saved about $2,500.
How much will 100k users save?
And they ended it with “Two steps away from
the mainnet”
So CVP, the token of powerpool is layer 2
DeFi, and that layer being fully tested, and
prepared for the mainnet, is the xdai stablechain.
And projects far and wide, are looking to
xdai for help and that actually leads me into
the next Sector...NFTs.
Now the gaming sector, is where you 1st think
of NFTs right?
Gaming collectibles, wearables, Skins & more?
Well one of the leaders, in the virtual space
Cryptovoxels, tweeted this, on August 22nd.
Hey fam, our wearables are trapped on the
mainnet due to extreme gas situation.
Please send help.
Can someone magic us up a XDAI gateway where
we can send lots of wearables (eg 30 issues
of wearable #123) to the XDAI network with
one Eth txn?
Nice to see that, in the gaming and virtual
land sector, but NFTs are not going to be
limited to items in the digital world, they
will become digital representations of physical
items too.
Now, I need you guys to realize something.
Just like when I called DeFi being the next
bubbling, buzzword which will surge markets
next...it took about a year for the markets
to catch on & for it to happen.
I don’t see it taking as long with NFTs,
but we are still some time out.
I brought up a project, who is on the forefront
of this, in a scalable form, with full Ethereum
compatibility.
That is Lukso, from Fabian Vogesteller, the
creator of the erc20 token standard….his
project is attempting to bridge the gap of
NFTs and physical items, with a custom scalable
blockchain & robust application layer, which
allows funding of creator projects, tracing
of creators items, management of those items,
ownership of both physical and digital items,
and thus collecting apps, participating app,
share apps, trade apps & co creation
Now, we are focusing on the bridge of physical
items into the NFT world...and diving into
Lukso’s whitepaper, they call this phygital
ownership.
From the whitepaper “We achieve unique authentication
through passive NFC chips that are implanted
or sewn into products.
And these are built out in the wild as we
speak.
And actually being implemented...so, at Berlin
Fashion week, Lukso showed off one of the
first t-shirts, with the entire batch of technology
baked in and then some.
Berlin Fashion week covered it with an article
titled “LUKSO BRINGS "PHYGITAL" T-SHIRTS
TO BERLIN FASHION WEEK”
The article states “REDEFINITION THANKS
TO BLOCKCHAIN” The Øko Nomi T-shirt collection,
limited to 50 items, is also absolutely forgery-proof
thanks to block­chain.
This is made possible by RFID chips based
on cryptographic processes with which they
can be authenticated”
So, Berlin Fashion week covering it is a good
sign, but seeing it put on in the wild, by
multiple models being introduced to blockchain
for the 1st time, is an even better sign.
Now you notice how the shirt is glowing and
all that?
Well that is because the shirts also implement
AR, where different designs are seen when
looking through a phone's camera.
Now, the thing I would like to point out,
is Lukso’s blockchain explorer...for their
L14 testnet, does it look similar to someone
elses...xdais?
That is because it’s from blockscout, AKA
xdai and the POA team.
Now if we go to the LUKSO, FAQ, on their consensus
algorithm, they say this “LUKSO is planned
to use a HoneyBadger Byzantine Fault Tolerant
(HBBFT) consensus algorithm with a delegated
Proof of Stake consensus running in smart
contracts (PosDAO).
Now is that similar to someone?
Well xdai, created the posDAO algorithm, the
whitepaper written by the team is on the xdai
gitbook & it says “xDai will transition
to public POSDAO in the coming months, where
community members can become validator candidates
as well as delegate STAKE to candidates and
validators.
Hmmmm….what about HoneyBadger BFT?
Well xdai is working on that too, as we can
see it’s also listed on their gitbook, and
they say “The xDai team is currently working
on a working implementation of HoneyBadger
BFT consensus.
This may be implemented on the xDai chain
(determined through the governance process)
and explored in Phase 3 of the POSDAO staking
roadmap”
So obviously, the two are connected on a level
that does deeper than what you see on the
surface.
Which if you go to their roadmap, the last
thing they have listed is phase 3 of posDAO
with a target date launch of q2 2021... and
as we can see they say this “A chain created
specifically to leverage POSDAO, HoneyBadger
BFT and Multi-Collateral DAI.
This network will be designed from the ground
up with our collaborative partners LUKSO and
ARTIS to leverage STAKE tokens and HBBFT consensus.
So, leverage Stake tokens, Lukso & artis?
What does this mean?
Well it goes back to xdai’s feature, of
multichain staking which means xdai’s STAKE
token can be used to secure and earn rewards
for ANY side-chain under POSDAO & It can also
be staked on other blockchains like Lukso...but
it can also, right now be staked on Ethereum.
Igor of the team said this back in June of
this year “you are right, staking tokens
is intended to be used on sidechains with
posDAO for horizontal scalability, but practically
it can be staked on networks with other consensuses
too.
Example, a work in progress for staking on
Ethereum.
And that WIP, is complete.
You can Stake your Stake right now on Ethereum,
it’s called easy staking...it built & on
the mainnet.
All you have to do is connect to the staking
application, have some xdai stake and ethereum
in your wallet for fees, and your good to
go.
Once connected, to stake just enter the amount
you wan’t to commit, we will be doing 100.
Click deposit….wait for the transaction,
to confirm.
Once confirmed, you will see your stake on
the dashboard, and can dive into the details
of it, including real updates of your rewards
accrued, and you have the option for free
scheduled withdrawals, or instant withdrawal
form staking with fee.
So, whaddaya gonna go?
Well just like Ferris Buellers Day, off...Stake
it up baby now, stake it up baby….cheers
viewers I’ll see you next time!
