Ali Raheman on building Autonio into a community-governed DEX

0:01i am ashton addison from eventchain for investmentpitch media in the cryptocoin show and today on blockchain interviews we have ali rahman the founder of antonio ally welcome to the show and thank you for taking the time to be here today thanks for having me you're very welcome i'm excited to dive into antonio and some of the liquidity issues in the d5

0:22industry right now and how you guys are approaching that i would love for you to just kick it off for us with a high level overview and the focus of antonio and then we can dive into those details right so we're developing intelligent trading tools and infrastructure that is our focus our current suite includes a multi-chain decentralized exchange a liquidity mining protocol

0:45decentralized ai and an algo trading terminal i'll dive more deeper into what these tools really do so defy and crypto markets are largely in unpredictable especially if you rely on your intuition trading bots and ai on the other hand have a better shot and more consistent returns but then either these tools are not available or it requires specific knowledge to

1:09utilize them making them inaccessible and that's where we come in um we want to enable our users to navigate the space with privacy profitability and ease we believe that we can build a prosperous community around algorithmic trading very interesting ali well it's great to have a different little suite of products there and it is there are a lot of barriers to entry

1:35i find even those that are experienced with trading on centralized exchanges still haven't really jumped into the d5 ecosystems just because uh it's it's a little uh it's a little scary when when you have to you know manage a lot of different little technical pieces yourself and uh the decentralized exchanges having them spread out is and not really cohesive with one

1:57another is another barrier to entry but i know you are working on this multi-chain uh decentralized exchange could you talk more about the exchange itself and some of the competitive advantages over uh primary decentralized exchanges like uniswap uh for sure yeah yeah first first i think let's let's talk a bit about about liquidity to really understand and

2:16appreciate the advantages that our product has so liquidity has been a central concern extremely important for um for exchanges token projects and just is indicative of the health of a specific market and def it's safe to say that liquidity is really the backbone of d5 now the first gen amms that we've seen like uni swap and they've done an amazing job and we've

2:38seen a lot of growth we can see that that how how d5 has really grown as a result of this but the first generation emm's have a lot of limitations and so one of them is capital inefficiency so you have impermanent losses you have high slippage then you face an issue of liquidity fragmentation you have all these amazing amazing ecosystems you've got you've got polygons solana cardano is

3:05coming out so you've got all of these amazing ecosystems but they have their own liquidity pools that are rather fragmented and then there's no interoperability between these so these are i think the primary issues when it comes to liquidity and that first generation a m's didn't intend to and couldn't solve and i think the next generation of amms which is what we're

3:26working on a multi-chain exchange it really focuses on on some solving some of these issues um as to how it does that let's talk about that there's imm we're introducing something we call the imm or the intelligent market maker that's comparable to the existing amms and uh um so there's the imm that we're working on the multi-exchange protocol approach

3:48so we've taken it allows us to build liquidity across these different networks say cardano's a polygon and this along with cross-chain liquidity aggregation that really solves the major issues that we see of liquidity fragmentation capital inefficiency so all of these things together really help for deeper liquidity healthier liquidity pools and uh much much much more sustainable and

4:13that's what that's what we think that really separates us from from some of the existing offerings that are out there definitely alien thank you for that background and yeah you're right the the liquidity is obviously going to be very key even when uh uniswap recently moved to version three and you know they are leading the way in the decentralized exchange

4:33universe here it seemed like there was a lack of liquidity uh just moving over and never mind moving to other chains as well so i'm curious if you have these multiple chains and a multi-chain decks that you're building how do you increase the liquidity beyond you know the liquidity that is already sort of preset for each different type of exchange to make that

4:56cohesive match yes so that's an interesting question that that is the aspect of this cross cross chain liquidity aggregation protocol that we're working on so these these ecosystems will have fragmented liquidity across these different chains and what we need is a protocol that really seamlessly helps with this interoperability with um across these exchanges even when we

5:20speak of liquidity there's there's there's liquidity wars and issues in centralized finance uh which one we're not going to get into now but with with texas that's the thing it's uh and it's a lot of people have taken different approaches to this going this route where they work on this crossing liquidity protocol first and then go out and and and try to plug

5:39in these different networks and we've taken a different approach where we're interested in in deploying and building liquidity across these chains and then being able to connect them and uh yeah that's what that's what that's what we set out to do it's a great focus ally and i'm curious the growth of the d5 industry has really exploded over the last 12 months uh and

6:02with nfts included in that define nft seem to be the major trends right now has the way that d5 has exploded so quickly impacted the way uh that you've been building and scaling antonio from the start first i think we should let's take us take a moment to appreciate how far we've come with p5 last year in june we had about a billion dollars in total value logged across

6:26these lending protocols emm's and here we are now with a little over 60 billion dollars in total value log so wow that has been an exciting um increase and it just goes to show the interest that's there a lot of people innovating doing some amazing stuff um what what this shift has done is a lot of these institutions bigger companies public companies

6:47private companies are starting to catch a catch on on the value proposition of t5 we having lost the project in 2017 we believe that decentralized finance is already changing and will transform how you know the traditional finance and it's great to see that a lot of people are catching on how that impacts us is it it really creates a boost it instills confidence

7:10in our holders and our investors and uh they're able to better appreciate what we're doing how the sol problem we're solving affects the the the bigger p5 ecosystem so so this has had a very positive impact it gives us confidence that what we believed we built one of the first decentralized exchange market makers for bitshares decks which was uh one of the

7:32earliest decks out there um and the value that it has we we feel we feel very confident in our in our approach and that we're here to stay and that d5 is here to say so it's been it's been fun definitely it's a huge increase and i'm sure many would still agree that it's very early and and 60 billion compared to the traditional stock market uh is is almost nothing

7:56uh so there's still so many strides to go um so it is very exciting and i was looking into the protocol and i saw that you also have a native governance token and a functional token within the ecosystem the i n n i x token can can you talk a little bit about that how it functions in antonio and does it create a sustainable ecosystem for antonio as well

8:20ninox is at the very core of our ecosystem so the primary utility of the token is is governance and platform access the token is utilized to grant users access to premium features for instance i talked about decentralized ais having access to these ai agents having access to trading strategies buying selling them or mirror trading so staking gives you staking is a primary function

8:42you have your token you can stake them and you can get access to these different tiers with different features functionalities fee rebates and things like such the second aspect of staking is if you take more than 300 000 tokens you are able to join the dow and participate in governance so the dao itself has a lot of the benefits and a lot of use cases but as it stands

9:03you need to stake more than 300 000 tokens in order to join the tao however we're coming out with uh lower tiers taking options and we'll be announcing that in a few weeks then when it comes to the token model um i'm very pleased to say that we've had the opportunity to partner and collaborate with the with a company called origin and these guys have decades of

9:23experience in traditional markets in quantitative finance and token models and we've collaborated with them to come up with this novel token model that that really creates a circular value capture economy and and it's geared towards a sustainable uh future for the token and uh we've shared this within the dow already and we're really excited to present this to the wider

9:46audience and i'm pretty sure that when they do go through it they understand the um the value that this model has and how it's uh it's going to survive the test of the markets that's really interesting that you mentioned the dow there i i've seen more projects recently trying to focus on a decentralized autonomous organization from the get-go to build more of a community platform

10:09and give the community a say through the governance token and through voting on the future of growing the platform and shaping it into the way that the community wants um and that's really interesting that you have uh you know a threshold for the niox tokens and that you're creating a lower threshold um can you talk about that uh that that goal of having a

10:30decentralized platform how much are you looking to get feedback and involvement from the community and and what exactly else can they do to help shape uh the platform so autonomous has always been a community driven project and uh in 2020 we we took the first steps towards transitioning to a decentralized organization um the the dow members currently have

10:53about 60 members in the town and they have several benefits we like to think of it as an exclusive club and uh the benefits of the stakers have is they receive inflation rewards so there's an annual inflation bank into the system so they receive the staking rewards they get access to different platform features and also the protocol thesis generated is again

11:14distributed to the douse takers to take this a step further we have we're offering our dow members access to promising projects in the space that are coming out for example the latest deal that we offered uh uh brows was singularity now which again would closely align with so yeah so being a dow member really gives you a lot of advantages in terms of having access these trading

11:40tools and then it it also has access to an incubator fund that is get towards accelerating supporting investing in early stage projects and helping them helping them grow in this ecosystem so we're really excited about this as i said we've always been a community driven project and the things that we build out the tools that we build out uh the focus is

12:01how many of our members actually want to use that so it's uh it's always been about that and i think uh the tao and just the way that we operate how we transition within the organization that will will really take us a long way in in building the right tools and products that the community ultimately wants that's great to hear and that there's also an incubation platform and a launch

12:24pad to to help other projects that that you see value in so i'm interested to hear more about that uh but i i wanted to go back to origen and the partners that you that you mentioned uh obviously partnering with origin is going to be huge for the token ecosystem i'm curious about other partners that antonio has have you partnered with other exchanges or strategic partners to help

12:47either build the liquidity or services or make strategic alliances to help grow antonio so this partnership is one of the uh one of the one of the things that has been of extreme value for us our team is just the way that we've built stuff we've been able to build pretty strong relationships with the layer 1 layer 2 protocols centralized and decentralized exchanges

13:09and just given the nature of our solutions we are able to collaborate with all of these so the current partner list includes speaking of layer 1 or layer 2 protocols we have polygon which is uh um i mean the team is amazing we have we've been working with them for a while on numerous stuff and so we partnered with polygon already deployed our exchange so smart text is

13:29already deployed on polygon network we partner with conflux network that has supported us in the form of grants in order to build and deploy our tools onto conflux network and uh um so these are some off and then there's elrond eldran we've partnered with them last year we've been developing our tools and we'll soon be deploying our uh protocol and exchange

13:50onto elrond so apart from lag one day to protocols we have exchanges with again we have a symbiotic relationship with them where we integrate these exchanges uh carry out liquidity mining protocols that drives liquidity for them and these exchanges are uh crypto.com among the centralized exchanges are centex these are the two major exchanges that we've partnered with thus far

14:11and then in decentralized exchanges there's looping that have also shout out to looping because they were early backers they supported us they understood the value proposition of these trading tools and the liquidity mining protocols so yeah these domo chains these are some of the exchanges some of the folks that we partnered with uh and finally that is singularitynet uh we

14:33were incubated by singularitynet which is a decentralized ai one of the leading decentralized ai projects in the space in 2019 and since then we've been working with them on in numerous aspects we recently welcomed their ceo ben as part of our advisory group so yeah these are all these strategic partnerships they add a lot of value uh to to our project and uh

14:54yeah it's certainly one of the one of the strong suits and something that we're very excited about working with more level and later protocols definitely that sounds like some great partnerships uh to have ali so congratulations on that that so far and uh working towards you know more widespread and mainstream adoption of these uh defy liquidity platforms can you talk

15:16about and we're sort of running short on time but i want to talk about the future of the platform and and what you see as being one of the key factors to success in having widespread adoption and being one of those go-to places for traders to come and use your services in the d5 space so this year we have a lot of updates coming up for our suite so the

15:39sweet as i said includes the decentralized exchange we're coming up with smart decks v2 which is inspired by balancers v2 it gives us a lot of composability dynamic fees and allows us to implement the imm that i previously mentioned so the smart x v2 deployment upgrades to the swamp there's a campaign that's live right now on polygon uh on crypto.com with polygon we're

16:00going to see more of these campaigns we're going to see we've been researching a lot on the decentralized ai side we'll be publishing our research findings and integrating them into our tools so these are the technical updates that we got lined up we have a staking dashboard that would allow users to stake their tokens claim their rewards and access

16:18everything related to our token in our ecosystem and finally we have a deployment deployment that i'm personally very excited about and that is cardano and uh we're really excited to be one of the first dexes that will be live on cardano so those are the things to look forward to in terms of um the key factors for the long-term success of the project

16:41there's a few but if i had to pick just one it has to be the the dedicated and ambitious team that we've been able to build and we've over the years we've been we've proven ourselves to be a team that operates irrespective of how the market moves irrespective of what the funding situation is and this persistence this resilience i think is one of the key factors that will ensure

17:05our long-term success and there's of course the quality of our products the expertise of these team members have the strong relationships that we've that we've built so yeah definitely well well said and i'm really really looking forward to those updates especially with the cardinal ecosystem that's really exciting and it is up and coming so i will be watching for that

17:23for the viewers that are looking to follow along uh with antonio's updates and see all these great new rollouts and and use the platform right now what's the best way for them to get involved um follow us on twitter the handle is ai underscore a-u-t-o-n-i-o so that's ai underscore autonomous you can visit our website the blog has the latest updates telegram

17:44and i personally our team is generally very accessible on on telegram so don't miss out we're doing some exciting stuff and i hope to see you guys join us and see see how we how we move definitely thanks so much for your time ali i will leave those links in the description box below all the best moving forward and let's follow up in the near future all right thank you so much for having

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