The Revival of $STRC & Digital Credit AMA with Fireant

아이고, 소리가 이상한 게 아니라 아무도 말을 안 하고 있습니다. 안녕하세요, 여러분. 이 프로그램은 네, 여러분은 이 프로그램은 이 프로그램은 저는 네. 저는 시작된다. 그리고 저는 인트로가 좀 더 많은 것 같아요. 저는 여러분 저는 저는 인트로가 하나의 사회가 되었습니다. 저는 제가 제가 인트로가 제 입장에 있는 제 입장에 있는 I have also been an investor of my my strategy since 2023. So I have really witnessed this entire transformation of theirs. My master is at pen. And that's where I met my other two co-founders, Seb and Helus. So I'll pass it to him. Hi everyone. Thanks for all being here. My name is Ellis. If you came to the event, you did meet Kevin and I. 감사합니다. I hope it was fruitful, and you were able to learn something. I mentioned that we had gone to school a couple of years back together at the University of Pennsylvania. I was a Bitcoin minor for about nine years. I have a background in education and traditional finance. But yeah. This is supposed to be an open conversation. So if you have any questions about Saturn or STRC, feel free to drop them in the comments. We'll be sure to answer them. 브리에니 소개하시기 전에 제가 잠깐 통역만 해 먹겠습니다. 행사에 오신 분들, 링링도 많이 보이시는데 그때 아마 브리에니님을 하고 유튜브는 급하운 것 다들 베스트일 것 같은데 그 퀴즈에서도 나왔어. 유튜브는 이제 유팬, 유니버시, 디어 펜슈뱉니어 라고 미국에서는 엄청 명론 대학교예요. 거기서 이제 만난 동창분이시고 이제 캐윙 같은 경우에는 2013년부터 마이크로 스트레지터지에 투자를 했었고 L.S. 같은 경우에는 이제 9년 동안 비트코에는 최고란 경험이 있고 이제 두 분 다 전분금영 쪽에 커리어 를 갖고 있다고 합니다. 그럼 이제 브리에니님 이어서 얘기해 주신데 제가 질문을 해볼까요? 저희가 어떤 유니버시, 유리 물� polymer Northerv. WHaRTO. Square Musk weather. Northerv! 저 울었어요. Ooken! Northerv! LGX! Märut nieu gains. EU1 Musk? 브러스 트�ром프, Northerv coal Reps. 너무 좋습니다. 감사합니다. 제가 너희 자꾸 유니버시 팬실뱅이냐로 막 려탕하는데 미국에서 려탕이냐 했더니 돌아온 답이 일론 머스크랑 월앤버핏 치고려크 출신이다. 드럼프. 드럼프도. 선 대통령이랑 어 오케이 약간 아 그리고 아 제형님 선어 선어 선성 선어 선어 유리아. he studied from he's been right. I don't think he did. 어 but he went to my little school called ego broke. Yeah. Yeah so I think he did it's going Canada. 어. 예 다크서트 줄 알았는데 그 상성 것들은 다른 것 보기다. 저는 어 그 정도로. 자기도 계시갔던 것 같은데 요건은 그냥 사. 어차피 저를 모르시는 분들 없을 거니까 이렇게 넘어가도록 하겠습니다. 땡. 바로 수사사 할 해볼까요. Okay let's get started. 어 그. 에스다 first. 시원. I think. I think I will ask Alice. Like what make you start. Saturn how like you told us your told us you and Kevin met at your pen and you guys start as company like actually like into more detail. What make you start. Saturn. Yeah I can go first and then Kevin can give his story to. I. Yeah I mentioned I was a bit a long time Bitcoin minor. I'm sure many of you in the audience also have been through the struggle but basically trying to convince older generations or people who want to get access to crypto but don't want to take on the volatility at Bitcoin. So I really the genesis of Saturn for me was trying to make Bitcoin for a new type of investor like my grandma who wants. Low volatility steady returns and that's what strc does so. Yeah so it was and then strc was kind of just like this one individual risk return instrument. But really what we do on top of strc is we make different products so that you can take Bitcoin and fit it to any risk return profile. So if you want duration if you want different yields if you want different risk you can all access it through Saturn. Sure. Then I think I was talking about it. In the case of Alice in the case of Bitcoin there were a lot of interest. But now I thought about it as a little bit of a party song. I asked about the reason why I made Saturn. Of course, especially those who are in the business world. Bitcoin has a lot of interest but people are a little bit. Of course, it's good to have good income and to have a risk and of course. So I think I can get a little bit of interest in those people. I think it's a set of things that come from the 고민 and 고민. I think I'll keep talking about it in the future. I think it's a set of things that come from the 고민 and 고민. But in the case of strc, there are many risks that come from the 고민. So I think I can use this product for people who want to avoid it. Or if you want to get a little bit of interest in those people or if you want to have a high income or want to make a set of things you can do. Okay, so Kevin, do you have anything to add? Yeah, I mean, me and Alex have been talking about kind of Bitcoin finance since his days as a Bitcoin miner. So it's kind of similar to what he said. Like we recognize that this could be the next transformation or the next application layer of Bitcoin. Right. We were. We thought because we were invested in Bitcoin financial chain like that. Bitcoin fire was going to happen on chain. But what we actually saw was that the financials actually happening off chain. And that there's just three layers stack that's beginning to form in which Bitcoin is the collateral layer is the first layer. And then strc is this credit layer that is building on top of Bitcoin. And we saw that in tradify. All of tradify actually runs on top of credit. So we thought that. It's strc digital credit could be an infrastructure layer that can really transform Bitcoin to really change global finance. At the same time, I was doing a research piece into RWA's and defy when I was at Artemis. And it was really apparent that defy is lacking in yields. So we have the sepiphany that was like, wait, why don't we just build on top of the credit and bridge it into defy. So that's really where satin really started. But after that, we realized that we can be so much more in which we'll share a bit. So it's a bit similar to that, but we're talking about it later. In the case of the overall payment, we're going to be able to go through the same process as the actual payment. We're going to be able to go through the same process as the actual payment. In the case of Bitcoin, actually, we're going to be able to do it freely in the same way, but rather than thinking about it, we're going to be able to do it in a different way. There are a lot of users who can use it, and there are a lot of things that are more complicated than we thought. So there are a lot of interest in Bitcoin, so we're going to be able to make a new product using it and make it more exciting. So if you're going to be able to change the price of the world's payment, you'll be able to change the price of the world's payment. Next question. I think the second question is what's at STRC and how would you describe it? I think you guys already covered a part. Besides what you guys just said, do you have anything more to say about STRC? Yeah, I'll just do a quick add. I think it's kind of like, reiterate what Alice has said. We kind of describe in two ways. First, in a more professional finance term, it's just a variable rate of preferred equity with a goal of being at $100. For retail, how we kind of explain to Alice's grandma is you give up 60% of the upside. But you reduce 90% of the volatility. So it's for people who want to buy Bitcoin or want to get sort of exposure exposure. Bitcoin, but needs this stability to it. You guys did a good ratio. In terms of technology, it's basically a standard of $100. It's a free goal. Next, if you're going to explain to your grandma, you can go up 60% of the upside. Bitcoin, or you can give up 60% of the upside. But you can't even get a free income of 90% of the $100. That's good. Next, I want to ask you about the red-and-meaning. What happened to the set-up team and how we met. Next, we'll continue to do a game. I think it's a bit awkward to see the result. I wonder how you met. It's not a blind date. I've met many friends like this. I'll introduce them to you. Actually, I had to ask you about the offline event. I had a picture with the owner. I didn't even get to see it. I was like this. I was like, well, I was at the end of the day. I was in the team of men, I was in the team of Alice, Kevin, and Sexy. I was in the team of 3rd grade. I was like, how do you guys feel about the young people? I was in the team of the team of the team of the team. 근데 사실 우리 이렇게 제 EM에 한 번 우리가 주관할 테니까 그러니까 게시도로 와줄 수 있게 한잔해서 제가 사실 시끄럽기도 하고 영원도 잘 안 들리니까 오케이 오케이 오케이 약간 이런 느낌으로 했거든요 근데 어 네가 듣기 말했던 오케이 오케이 지금 해야 돼 봐가지고 아 이런 이렇게 되는 AMA지만 재밌게 해보도록 하겠습니다 누가 써주도록 제일 잘 봐줬나요? 아 저 쟤네가 조금 영악한 게 케빈이 이제 저랑 먼저 대장을 하다가 로봇이셔으로 이제 케빈이 가고 미스 더 와가지고 이제 저랑 소주를 먹고 그러니까 쟤네네 한잔 먹었죠. 저는 두잔 먹어야 되는 이렇게 사람들이 그냥 아주 빡세했습니다 아 그만큼 들겠니? 쟤 되게 잘 마셨다 아 당연하죠 아 또 남자가 이렇게 팔이 질 수 없던 네 잘 예스니다 그 번째 질문은 그래도 뭐 약간 싱거 있고 김도인 거 그리고 뭐 같은 설명은 뭐 들짭시고 그래도 또 프로젝트도 불객님이 프로젝트