 like the most liquid token in the like accept Bitcoin right in the in the crypto world but it will happen on natural causes eventually like the creature is is very important but it can't compete with that that's one thing the other to answer the question I was like very much terrified this last like half a year but it turns out that like was I was like way more pessimistic about how the how people actually sorry my time is up to interrupt there you just have hello hello we just have five minutes more that's the way to okay we have if we went question from the audience yeah it would be great to take some some questions from the audience so sorry Vasily I'll give you a quick yeah can I just express the minority voice over here obviously LSD's has been great and people talk in DeFi and especially before withdrawals are available and but there's also a lot of risks and it all comes down basically to your risk tolerance right if it's king in this case when I give my either to another protocol I give him my major and all the associated risk that come with it and I think the big players in the upcoming like the near years will still prefer to natively use either okay all right well thanks so much guys we're gonna move on to the audience Q&A session because we have just a very small amount of time left so that's all you shoot up your hand right real quickly right beginning so hi how are you congrats and thank you my name is Pablo I'm the founder of Sensei know the first node operator in Latin America we're talking with all of you and I think something really important is not only geographically incentivization but also less dependence on Amazon as most of the new operators work with Amazon we try to work with local and regional data centers my question is how do you distribute me me be yeah sure yeah I can answer that it's very simple the same way we do a stake in rewards like rewards are the same as taken they go to stakers mostly the not operators get the fee and later gets its fee but 90% of rewards go to stakers with rocker pool you so obviously as said 16 is node operators 16 is liquid stakers and so in terms of MEV and priority fees it's a kind of equal split between node operators and and liquid stakers except that the node operators get their fee on the rewards so they get 15% of the commission on the on the rewards so they still get that kind of extra bit from the from the MEV and MEV and priority fees that's the usual case we've also got like a smoothing pool where this is particularly important for small node operators they're running kind of a couple of validators the way that block proposals work is very variable so you can have like two a year or ten a year and that hits small node operators hard so if you join the smoothing pool everyone pulls their proposals together which works particularly well for MEV because with MEV that's essentially a lottery block you may have end up with a lottery block that goes into the smoothing pool and then basically everyone gets a share of the smoothing pool so yeah that's that's what we have time for one last question what were two one here I have a question about operator set so in the two cases here like light out statewide more professional operators are involved rocket pool kind of a blend honestly of both would love to hear more about from statewide in Lido like do you see a future where your pools include professional validators and at-home validators working together to achieve a common goal yeah yeah sure so that's what we're trying to design right now in that we think that most of the stake should be managed by professional operators still but we want we don't like what we want is to Lido forbid pipeline from like a home sticker to professional operator so you can kind of rate as a like as a solar operator in Lido with small amount of stake and if you do it well and if you want to do it like as not as a hobby because like honestly most operators are not rational like they're not making a business out of it they just do it for fun which is great right but they want to do it for like for a day job they should have the ability to like earn the reputation on the like the their metrics required to get under into this like set of big boys and grow up because otherwise it will be like a little catalyzation like three years tops and yeah completely so the way v3 is designed I pointed out solo stakers as a key target market but essentially this this protocol will will satisfy every single anyone who can run a node can run a node on on v3 and one of the from discussions with commercial node operators one of the key things for these guys is coming over to just take away three so they can provide liquid staking with folk to their clients and so in v3 every single node operator or group of node operators will have their own little mini staking pool and can then their users can then mint the liquid staking token so it offers liquid staking to everybody no matter whether your solo stake or commercial node operator so by proxy we're going to end up with basically like an open marketplace of operators and groups of operators who are running various technologies who are on the stage today to compete for for stake and again that can be solo stakers and also commercial node operators as well great thanks here hi does anyone of you there to estimate the amount of I mean the percent of a solo staker that the network that the network will have in like five years I mean can be higher than now or lower than now great question because I mean LSDs are great right you can use your stake position as collateral and you also average it's out the rewards right so why solo staking if there is no point of that right some people will do it even for free but yeah what will happen in the next five years more solo stakers or less or less solo stakers thanks well if stake wise v3 works we'll hopefully have more as I said the reason why and basically touch on it it's it's almost non-economical to be a solo staker you do it for fun or to because you're a decentralization maxi and and so you know our goal is to try and make it economical and let them let them get access to liquid staking which they have not been able to perform so so we rock a pool and it is pretty much no different to being a solo staker the you have autonomy over your node you bring collateral so you have a stake the only difference is you get paid more that's that's the that's the only real difference from it from a theory perspective and from a decentralization perspective you know it's exactly the same so yeah that's that's where we come from yeah if I was to ask that I think and the question is there'll be a long tail of like solo stakers for sure the question is how much stake will be on them and that's where you know everyone up here is trying to figure out how can you let solo stakers like have a bit of capital and someone else's capital you just the rocket pool scenario of make them bond if steak wise v3 of let the like people take the risk and choose like a vault for like a certain risk and we hope that with distributed validators you can trust small stakers as if they were an enterprise you're like yep there's four you guys and you're all credible and you're not one you know person you guys can have 99.99% uptime so we can you know trust putting stake on you you can't exit you can't even get flashed so we hope with dbt people like you know lie to a statewide all of them can you know throw a lot more either onto small stakers and make it you know make sense they said not be just a loss leading kind of diehard hobby yeah yeah on on our side like how we think about it is to have a lot of solo not operators you need to like design system in a way that first does not require them to hold a bond because like most people who want to run a node they don't have this much money like most people like don't have this much money period right to to to to to run like even a half of the money data like running like lying around so like they have to be selected none on like unbonded in some unbonded way and that means on other hand that you need to manage risks and you need to manage the white labels like for example you if you want a lot of solo operators in protocol and you want to think about that you need to understand that these are not like the one operator these guys like in like an entrenched court like this this is like essential for not so for protocols that mostly manage risk instead of bond but even a border protocol like like there is a lot of folks run the rocket pool with all nodes for example so these are hard problems to solve but I believe they are solvable so yeah I just want to add up to what Austin said and imagine if you can use like dbt to pair yourself with with the repeatable top class operators or even to pair yourself with your friends which you trust to run it and so the technology advances that will come will really reduce the barriers to do that in a still reliable way we're another thing rock the poor doing so currently it's 16th that you need so in our next release it'll be eight and then in potentially in our next release lower so that's how you get more node operators that's what we that's what we want is more individual node operators not necessarily more stake great all right well unfortunately we're out of time for new audience questions but I promise you all five of these folks are going to be wandering around the conference floor after this so if you have any questions for them or for me we would all be very happy to chat with you throughout the rest of the day and throughout the rest of the week thank you so much everybody for coming