HEX + Actuator 🔥 T-shares go burrrrrr - Replay with RH Max

Added: 2026-05-24

[00:00:12]Heat. Heat.

[00:00:21]Heat.

[00:00:37]Heat.

[00:00:58]How's it going everyone? Welcome back to the show. It is Friday and I hope you're having a great Friday out there. We are back today. It's always a great day when you do a hex stream. There's uh got a lot of pulse stand streams provex from time to time but hex stream I get I feel get a little extra excited that may just be at this point still six years in my favorite token. It's a good token that hex token and what do you know people have built things on top of the hex token lots of different things. uh many of which we cover on the show. Sure, not everything, but uh boy, they seem to like it. And uh yeah, it's it's uh I'm excited to get into it today with the actuator guys. I was just telling them the green room, too. I remember during hex week it may have been the whatever percentage it was at least three I want to say two or three different sections or clips of was covering actuator war with C3 uh talking about hex or or and andor actuator as well. So a lot of great content on the channel if you search RHMAX actuator a lot of great stuff uh talked about before during hex week and I think otherwise on the show I think feel like we did some streams. I know Krispie has been talking about a lot lately, too. And I've been seeing um who else? Lots of other people talk about actuator and uh lots of fun stuff.

[00:02:15]So, if you don't know anything about it, I'm sure you'll get the five minute fiveminute deal, maybe even some extra stuff and we'll talk about talk about the tokens, talk about the stuff, talk about like. So, without further ado, welcome back to the show Crispy C3 Works and for the first time, if I remember, Super Mechaoxy >> Thomas.

[00:02:36]Super Mecca boxer.

[00:02:37]>> Yeah, >> there.

[00:02:39]>> I need to hear it twice. There we go.

[00:02:41]Nice. Welcome. Welcome. Um, yeah. Can is it is it are we doing super maxi boxy or supa sm? What do you prefer?

[00:02:50]>> Call me boxy.

[00:02:52]>> Boxy goes well.

[00:02:53]>> I like boxy. Okay. All right.

[00:02:56]>> Before we get into it, you want to you want to give everyone a quick intro about uh how how you came across the community, you know, actuator, all this stuff?

[00:03:03]>> Uh, yeah, sure. So, I've I've worked with C3 for a few years now in other capacities um relating to crypto um data science and Python coding and stuff like that. And when they were making um the actuator, I was not involved in the development of it, but I I consulted like they asked me questions. I was like, "Oh, that's crazy." You know, this is good. So, everything good about it is is is my uh I'm just joking. No. Um so, I was involved from early days with actuator. I didn't I didn't actually I'm not a founder or anything, but I've learned a lot about it and um I like that it's I I'm just naturally drawn to it because it's um built in the ethos of Hex, which what Hex started, which is immutable, no admin keys, uh no sacrifice, um all that stuff. So, it's things that are just naturally appealing to me.

[00:03:55]>> That real DeFi stuff tends to be pretty attractive to lots of people in the community. I got to say, it's good stuff. Um, right out of the gate though, let's get this one. I like this. I don't know, bro. We basically gone to zero at this stage. Boom. Let's light the fire.

[00:04:09]>> Zero.

[00:04:11]>> Zero.

[00:04:12]>> I remember Richard saying you can't technically go to zero. There's got to be some like more in the buyer spreadsheet. I don't know why that comment reminds me of that, too. But, uh, wow. It's It's interesting to uh be uh at this stage at almost six years and markets be the markets and Sorry, I went spinning for a second.

[00:04:38]What keeps you all excited? Whoever wants to take it first about >> the pregnant pause.

[00:04:46]>> Yeah, >> usually I think it's Usually I think it's May, not him.

[00:04:49]>> Yeah, but Well, I don't know. You hearing me there, Krispy? Because I'm not.

[00:04:53]>> That was me. That was me. I was I was spinning. Sorry. Sorry, I was saying uh what keeps you all excited about uh the ecosystem and HEX and building on it and and uh you know it's it's uh it's been interesting times especially especially recently but again we uh we'd like to go up but we'll see. But anyways, anybody have any thoughts on on uh on that?

[00:05:13]>> Yeah, let me throw you let me throw you my little bit of a vision into the future and how I got here. So, you know, I'm I'm always talking about Hex non non-stop, right? Well, maybe not non-stop, but consistently for the last five years, right? So, I've been talking about Hex and lot doing lots of streams and all the rest. And just in general, look at crypto. Staking is not a big topic. It is not a big topic. People just aren't like super interested in staking. And with Hex, it's no different. And so, uh, and why is that?

[00:05:46]Uh, because you got to lock this stuff up, particularly in Hex, and you can't come back to it for a long time, right?

[00:05:51]particularly if you're trying to get uh a high amount of return on it. You got to lock up a very long time. And so I'm not here to debate, you know, whether native staking is the proper way or not.

[00:06:02]Um some founders launched this actuator product, right? One of them might be on the stream here with us, right? And it's DeFi and it's immutable. So people can use it, right? People can use it. All right? So let's I'm just just I'm just going to dispatch with the argument of whether it should exist or not exist.

[00:06:20]HSIs exist. All right. Um, Alex didn't ask my permission to go make HSIS. It's D5. People can can wrap stakes, right?

[00:06:29]All right. So, we have this challenge and I often call it this walled garden of hex staking. Really good for people who are interested in hex and want to stake and they can earn their earn yield. Uh, but the returns are low, right? And so it's not super attractive.

[00:06:42]We we don't get a ton of staking. Um yes the trend is upwards according to Ben Sierra and the data that we have but it's not like in the it's not 2020 level right not 21 level all right so what attracts me to this why am I even talking about actuator well actuator as we said it's mutable right hs are immutable hex is immutable so people can do defi people can do defi and and once once I was introduced to actuator uh you know by C3 works and we got in deeper into it and I started understanding it.

[00:07:19]I think maybe this isn't the whole story for hacks, but I think there's a segment of the market where people could really expand into staking through actuator and be able to treat it like a bond market, like a bond market because, you know, it it's it's basically bonds are backed onetoone with an asset, which is HEX. And so that gets me super excited because if that if that comes to fruition at a 100x from now or whatever, however many X's, that's some that's a really large marketplace and that people could be, you know, professionally trading Hex crypto, which was a vision that we all had in the beginning now and and before anybody stops me says, "Well, wait a minute. Crypto isn't about staking or isn't about um about trading?" Yes, I understand it might not be best for people to trade, but pretty much I've come to the conclusion that people trade crypto. So, you guys tell me where I'm wrong about that. That's what they do. And so, this is super attractive, I think, because it's all backed onetoone with Hex.

[00:08:31]>> That's a great Yeah, I mean, there's a million different directions to go into like, you know, why the community is still believing in Hex and regardless of the price and up, down, sideways, why people keep building on it. uh the founder seems to be pretty involved as much as he can as well at this point. We don't know what's going to hold in the future in 2026. But yeah, the products like this really uh every time I see something pop up or again this has been actuators been around for a while now and I see just either new things or people working on it, it's just it reminds me too of like wow there are again people putting their time, energy, capital uh just trying to build these tools on top of these you know solid foundations. what we what we believe to be and and well-designed code and all those pieces uh with hex. So, and it's got a cool website. I don't know. I like to you can't how do you get better at a sales pitch than that? What? Tell me a better sales pitch than than these uh eight words, nine words. Pretty >> um hex went up 10,000x in price twice.

[00:09:30]How about that?

[00:09:34]>> I love it. You You did it. Let me get a kichiwa for that PARTICULAR >> PARTICULAR STATE.

[00:09:44]I LIKE IT. ANYWAY, C3 WORKS. What is your uh Do you like the Hex token?

[00:09:49]>> I love the Hex token. That's why we even have actuator out there. I was in Hex from the beginning, following it before the beginning. Participated all through all the drama that everyone knows was the first year or so and all the uh stuff that happened after. So, I love it. I'm well invested in it uh in native tokens or native stakes and HSIs and every other aspect of what comes out.

[00:10:16]I'll be involved and participate because I I like to have tools. I come out of Tradfi and in Tradfi there aren't any arguments about are stocks better than bonds better than futures better than any other type of tool. If you're running a portfolio, you want all the flexibility and all the different tooling you can have because you want to construct a portfolio that meets your objectives. That's what you want. And so more tools are better. If they're of the right ethos, if they're fully um decentralized, if all the right components about true DeFi are present, then tools are good, right? And so this particular tool came about from my own personal experience in the early stages where like many of us we loved the idea of staking and if you're like me you staked like there was no tomorrow and you're out all over the place. And uh that was great for a while until it wasn't. Then it was a little painful because it went down which you know volatility I can take but sometimes you know down is down for a while and then eventually either life happens or you'd like to make some rebalancing but I couldn't and I recognized coming out of my former world that you know maybe it would be better if there were some mechanisms and so we set out to produce one namely actuator where four HSIs by the way that's the only thing this can apply to your native stakes do you do with your native stakes. I'm not trying to make it a competition, but where you want to have this flexibility, HSIs afford you the option to be able to uh get some form of liquidity out of your HSI. And that is a really important feature in capital markets in general because capital goes where it's treated best and large capital allocations that would come in need to know they can manage risk and rebalance portfolios a little bit and have some ability to impact their portfolio. That's what larger capital wants. And if we want to become a global financial ecosystem, which I believe is a an objective throughout all of the PulseChain ecosystem, if you're looking to attract and compete on that scale, then you're going to need a suite of highquality tools that not everybody will use, but some people will use. And that's what this is bringing. So, I'll pause for a minute on that.

[00:12:46]And and just for people new I mean they may came across actuator before but u whoever wants to take boxy or anyone what is what is the elevator pitch like what is the just the you know 60 seconds like why you know why participate actuator I mean you covered a couple things there C3 works as well but just like if you're just like talking to someone who doesn't know much about crypto but they love DeFi and they they're you know in the community and they're like I just don't why why would I what I need to do like why would I go to the interface why would I use it why would I you know HTTS what is all this stuff what does elevator pitch for people just to bring them over to the side of like, oh, this actually this makes sense.

[00:13:21]>> I I I can take a stab at it. Um, so if you're if you believe in hex, you believe in actuator. Um, so if anyone can change my mind on that. Uh, that that's one thing. So that I'll just throw that out there. Um so if you have an HSI if you if you like hex um you can collateral you and you have um like an issue with native staking is emergency endstaking. Some people have done that um you know life happens whatever. So one of the main life benefits of actuator is it can save you from emergency end staking instead of ruining your whole stake. You can just mint HTS from it and if you have to sell them on the market it's life right and then you're at least you have the rest of the yield in your H in your HSI you can pay back the loan at some point. So it's in some ways it's like a decentralized credit card or um hex equity line of credit to yourself with no middleman. I don't know where that exists. If I if I have a home, like I have to go through a bank and I have to get approvals and pay all these fees and if I don't pay it back, I could lose the house or whatever. So, it's it's a decentralized personal line of credit. And then the other side of that is if you have liquid HEX and you don't like staking it all, you can just buy Hex at a discount. Buy buy an HDT. Um that way you're earning some fixed income because the HTT is a Hex time token. You buy it at a discount to Hex and on a certain date you can redeem it one to one. So your APR is locked in and you stay liquid the whole time. You could sell at any point along the process and you're you're still doing something with that money and just instead of letting it sit there.

[00:14:57]>> I like let me add to that piece real quickly. Some have said and I find it really interesting to listen to what the community finds to be its most important use cases and how they describe it. And I've heard a couple of times HTT is being described like liquid hex staking.

[00:15:14]Think about that a minute. I've actually seen people in chats approaching like Liberty Swap saying when liquid hex staking and I feel like reaching out and saying uh go look at HTTPS because it's a liquid hex stake in the sense that you're buying it at a discount you just hold it it's totally liquid and yet it's acrewing uh towards a one to one on a redemption day which gains you a return >> I think too the biggest uh you all can tell me too the biggest criticism of any liquid you know staking or or uh otherwise things built on the protocol where you have tokens that come from them or tradable assets and stuff is liquidity part right it's like okay I got to trust this that there'll be enough I know with you know my whatever the core token is that's there's enough people there that it's built in liquidity and it's been around for a while and you know all this million dollars or otherwise it's there but with this other thing it really requires that at least this perspective coming into it requires that adoption And that included providing that belief in the protocol. else you know if I can't if I can never sell it or never get anything from it then you know defeats the purpose right like I can't if I can't trade it can't get the liquidity from it then you know what's what's the use of the liquidity or what's the use of it being >> great setup question Max great setup and no you didn't pay us we didn't pay you to ask that question but you don't need uh a market to be able to redeem one for one on your redemption day there could be no market the protocol will allow you to simply hit the redeem function and hand it the HTT and receive the HEX. So along the way, sure, liquidity matters if you're doing trading or this or that or the other, but there's plenty of reasons why liquidity should be there because HEX is behind it. So if an HTT falls far enough in value and you get a 90% discount on a HEX, does it make sense somebody's going to buy that? Yes.

[00:17:14]Because if not, it's going to be me.

[00:17:16]Right. So liquidity matters along the way and that's a feature not a bug that you can manage to increase your bags but it absolutely does not matter for the redemption of your onetoone when due.

[00:17:30]>> Gotcha.

[00:17:32]Um and then talking about t-shares I'll at least one question real quick here too. Love actuator what protocol has people staking so much hexagon? H have y'all noticed you know increased staking or people using the protocol or or anything where this is contributing to you know t-shares going burr?

[00:17:48]>> Yes. Yes. We're approaching through the actuator protocol and by the way for people listening who don't know me I am not part of actuator team either u but since it is launched it it is now approaching about 7,000 t-shares.

[00:18:04]All right. It represents um the majority I think it represents the majority of the HSIs that are being created right now and rising um in terms of the number of uh stakes going through the system.

[00:18:20]And I'm I'm pretty encouraged by that and I'm going to be watching pretty closely to see just how many t-shirts it adds.

[00:18:29]>> Very cool. Uh real quick that makes sense if you want to go ahead. Sorry.

[00:18:35]>> Yeah, let's hit this one real quick and then yeah definitely want to get into some mechanics. Uh Biffan as my rebuttal to believe in actuator uh but because BTB default because we believe in hex would be additional contract risk. Yeah.

[00:18:47]How do you how do you address the you know any new protocol bill and something additional contract risk but like what is what what should people I guess know about that uh that part of it that's that's a fair to bring up as well. I I'll take that to start out because I think he's responding to what I said is if you believe in hex, you believe in actuator. Um, of course there's more smart contract risks. I mean, it's it's not as I I don't need to list all the caveats when I when I just say that, but it is immutable code. It has been audited three times and it's out in the wild. I mean, it is young. It's DeFi.

[00:19:20]You know, things can happen. But as far as I'm concerned, it's as about as blue chip as you can get. um as far as being immutable, no no governance, no admin keys, um and audited code um yeah, I mean do it at your own risk. And yes, it is another layer of smart contract risk for sure.

[00:19:38]>> And it's also worth noting that um the HSI code that's implemented inside here is the uh Hedron code that created the HSIs in the first place. We didn't reinvent that part of the code.

[00:19:54]>> Yeah. Yeah. And I think the pitch the pitch that I have for people on this um we talk about like 30 second pitch and I try to keep it less than 30 seconds is simply maintaining optionality, right? I hear a lot of people come come back at me on the whole staking of Hex with yeah but I'm not going to lock up for 15 years and they and they voted with their feet, right? We we have a small contingent of entities andor people who are staking religiously. That is happening. Um, hex is becoming more rare. The t-shares are becoming more rare. That is true. However, the general public, the general community is not staking. A lot of people talk about it.

[00:20:32]We don't do it, right? And so, and and the primary reason cited is they have to lock up, which most of us believe in the truth engine and how it might have saved your butt in the old days. But then again, when you look look back at it, you're like, well, maybe I would have been better off taking some profits. I don't know. I don't know. But that that gets into the semantics of uh Richard Hart maximalism and the right approach.

[00:20:56]But what I'm saying to you today is that new users do not want to lock up for periods of time. And so giving them an option where they can lock up for long periods of time and also access a portion of the liquidity could increase the amount of staking and is increasing the amount of staking and that is a good thing for all stakers.

[00:21:18]Yeah, I think it's worth noting that larger capital I'm speaking on that end now just because that's an area that I was familiar with from earlier but without some control over the portfolio's characteristics and some ability to adapt. They control their exposure and risk with uh asset allocation. That is they put in less.

[00:21:45]That's how they control risk. But is that really what you want to have people coming into the hex community do? You want them to manage their risk by reducing allocation to hex or to hex stakes. No, you'd like them to have some confidence that they can do uh as a large amount of stakes or stake longer and and not have to manage risk only through how much they commit to doing.

[00:22:10]And this is seeking to strike that balance on a market disciplined basis.

[00:22:15]Uh, and I suspect what we're going to see, I mean, I'll defer to Krispy in what we actually see that a lot of hacks will start moving off the market and out down the curve of time because people grow more comfortable with the ability to stake long and stake larger because if they need some capital, they can get to some capital. And I think that's going to result in time and removing a lot of hex off of the liquidity market and shove it out the curve. That's good.

[00:22:50]>> Yeah, I think that's a really big point.

[00:22:52]C3 works because just in in the example and like we've seen a lot of people now um testing actuator over the last couple weeks and it's been around for a year and a half. It's not like it's brand new, but over the last few weeks as we've been talking more about it and people are paying more attention, you see a lot more staking take place. But even in that example um where I was going through just showing people how to do um do some something like a amplification um you know I I I put twice as much I locked twice as much hex away and it's not coming back out, right? Nobody's going to end those stakes.

[00:23:28]So instead of a million hex being locked up, there's 2 million locked up. But what what if everybody did something similar to that? Maybe not the same exact thing. Liquidity matters, price matters, ratio matters when you're doing things. But if that becomes a trend, how long does it take to lock up 100 million hex, 200 million hex, 500 million hex, and and actually begin driving the market dynamics a little bit differently?

[00:23:55]Well, imagine pairing that with another strategy, which is to have what I call active liquid hex rather than passive.

[00:24:04]Passive liquid hex is you just hold the hex stakes. It's earning nothing. It's doing nothing. It's there. And that's got its place at times. I would guess that there's a lot more of that than is good for everybody and good for the system, but it's because of a reluctance to do anything else with it that it sits there. But if you could take a component of your liquid hex, place an HTT somewhere, mint the HT or an HSI, mint the HTT, and then pair it with other liquid HEX and use that as liquidity in these pools. You've got constant HEX exposure. So whatever the HEX price is doing, the HEX and HTT are doing together going up and down. Yet you're earning the fees associated with the liquidity providing. You don't have you have uh borderline irrelevant imper uh uh loss. What's the d the um >> impermanent loss?

[00:25:04]>> Impermanent loss. I was going to say impersonal loss. I'm like no it's not impersonal loss. All right. Impermanent loss because >> no interpersonal loss.

[00:25:13]>> Yeah. I like the impersonal loss.

[00:25:14]>> Any of those losses.

[00:25:16]>> Yeah. Exactly. But the point is it's earning something while staying liquid and staying in hex. So you've got that piece earning and you've got your long HSI earning and you've got flexibility with both. That's a pretty robust portfolio.

[00:25:33]So I I think yeah like the gist of that is bring more users into the ecosystem and more depth with each user because there's more options. Um you can access liquidity from your HSIs. you can make more money off your HSIs by accessing liquidity and then pairing it with Hex and earning fees. Um, and yeah, I mean for the next year and a half, you can also earn some ACTR distributions. Um, and and then you have the result of all that is you have these HTTS that are redeemable on a certain hex day one to one for HEX. So it's a it's a decentralized globally scal scalable immutable Hex denominated bond market.

[00:26:16]Um, just if you ignore staking at all, there might be some traders who go back and forth between these different HSIs or HTTs. HT7000 is overpriced, so let's sell it for HTT 30000, etc., etc. And it's all denominated in hex, so you're taking less risk with trading, but you're still it's all denominated in hex, so there's less um there's less risk if you mess it up, I guess. I mean, you could still end up with less hex, but it's it's just a totally different ecosystem on top of what what's already there. So, bringing in more users, more options for each user, ultimately more liquidity. So, that's kind of where I'm going when I say if you like hex, you like actuator.

[00:26:58]Let me hit this question real quick because I think it um goes into maybe some of the t-shirt mechanics as well.

[00:27:03]Uh can you explain the difference between similarities between actuator hedron? Is hedron still up and running?

[00:27:12]Who wants to take that one?

[00:27:17]>> Well, they're not the same thing. I mean, they're they're just different, right? I mean, Hedron is its own specific token that uh as you can see, it didn't really hold value. Why?

[00:27:28]Because it's its own token that didn't seem to hold value. Uh actuator is very different. your HTTS aren't going to lose value beyond a certain point because that's actually hexbacked, right? If an HTT attempts to follow a downward track like the Hedron token did, surely, as I said, when you get down to a 20 to one, wouldn't someone buy it? Because they're really getting the hacks. So, that's one big thing, right? Hedron was Go ahead. I was going to say I was going to say I'm not sure they're talking about exactly the token or maybe I think they're talking about like the system like HSIs and the borrowing and and that maybe piece but I mean yeah the token is part of that as well but they're probably I I imagine they're talking more about like HSIs versus HTT that that kind of piece.

[00:28:17]>> Well I what I would do there then to make that point is both use HSI right except one uses them that provides liquidity in the form of a isolated unbacked token. Ours is providing it in a backed token that has value outside of its system, namely hex.

[00:28:42]So the process for getting it yeah maybe walk through the process of two like how how do you make an htt like or how do you how do you acquire it? What do you do like do you need hsis? It sounds like maybe yeah briefly on that.

[00:28:54]>> Well if you want I don't know if you want to show it Chrisy and you can explain it from the visual.

[00:29:00]Well, yeah. I was just going to say just in reference to this, remember some folks may not know what Hedron is, but um Hedron is so first off, if you're looking at it as a financial instrument, um C3 works could discuss that further, the differences, but there different types of instruments in in that way. Uh Hedron's given as a reward and um it it there's a lot of it, right?

[00:29:25]And there's nothing that backs it one to one in the way that HTTS are backed one to one, right? It's backed and maybe some people draw the connection that is backed by the stakes otherwise you couldn't aditted it, but I still get millions and millions and millions of Hedron every day. Um, so I guess that sounds like a lot. I probably don't get millions, probably get thousands.

[00:29:49]Anyways, but the uh but the point is is on the other end with the HTTS, I can't get an HTT if I'm minting it unless I put one Hex in. It can't come into existence. It's not born. So, it's it's a whole different thing. You have to actually put up the collateral to in order to mint an HTT.

[00:30:09]And when you put it up, maybe that's a piece that people may be interested in as well. when you when you say put up the collateral, you take the hex, do you run it through actuator protocol to then create the HSI and then the HSI turns into HCTS like what is the I guess >> yeah it can be it can be any HSI um that was created with the Hedron contract. So it doesn't have to be a new one. But yeah, essentially you're creating an a hex staking instance and because it's a hex staking instance, it can be tokenized. And because it can be tokenized, you can you can uh you know lend it, so to speak or delegate it, which is what happens in the actuator protocol. Very similar, by the way, what happens in the Herron ecosystem when somebody delegates a stake there. Um, once you have that stake delegated, you can then choose to mint or not mint HTTS. And you're not locked into any particular one. There are some rules.

[00:31:02]You have to read the documents, but you could either you could either do it or not do it. Um, but if you decide to do it, you're going to it'll the system will tell you how many HTTs of a particular HTT you can mint. And when you do that, you're committing that you're going to give up HEX from your stake um in order to mint those. And if you don't come back and pay them back, you will get that subtracted from your final payout. If you do come back, you get them back, too. And what's really innovative about it, which took me, if it took me four months to understand, it probably took me seven months to realize that in some cases, like when I'm doing an a named HTT, like an HTT 4,000 or 6,000, every day that the stake occurs, I can come back and get more HTTs from it. And so it makes it very dynamic. Um, and I guess to your point about how to do it, I I actually did a video where recently where I've been showing how to do it, but it would be under the staking tab and you can and it's the process is streamlined within actuator. But like C3 works said, they didn't develop new code. So if you go to do a stake here, other than the fact that the UI UI directs you to a particular day or whatever and you put that in, it calls the HSI contract and the HSI contract calls the uh the hex contract. That's how the stake gets made. It's not a new stake, not something new. It's it's using all the same code.

[00:32:26]>> Yep.

[00:32:28]>> Yeah. Lots of cool stats on the site, too. Uh, of course, you got some eye-catching things like 268 fixed, return, and hex on the HT7777.

[00:32:38]Um, >> yeah, that's simply that's simply referring to if you went and swapped one hex today, um, you know, what would what would be the fixed return?

[00:32:50]And the discount to Hex is really interesting too, especially on that one.

[00:32:53]72.9% discount to Hex. Wow.

[00:32:58]>> Yeah. You know, this is the I see Dewy's comment in the chat. Things have been pretty volatile the last couple days because people, like I said, people are testing. So, what we're seeing is the price is going up, the price is going down. the 3000s for a long time were at a discount and you can almost instantly get uh a 15% fixed return which is basically basically saying hey uh you know you can get it for 85 you know 085 hex for one HTT 3000 well and when it comes up for redemption you already know what the ROI is because you're going to get one hex back right and so you could have what they call a fixed rate and calculate that out to come up with an APY or a uh or an ROI Uh, and I guess somebody finally paid attention. We've been talking about it for a while and somebody bought it up to 1:1 Hex today, which opens up a whole another opportunity for somebody else who's paying attention because then perhaps they think that's overpriced.

[00:33:55]And now, at least for the time that the liquidity survives this, somebody can go mint new HTT 3000. It might be, let's just say they do 100,000 hex stake. um they delegate it, they mint the HTT 3000s and uh while the while the prices last, they can get all their HEX back like and have a basically a free stake.

[00:34:18]And now that I've said that, that will probably disappear. But >> well, so so just again just to be clear on people too, so HD 3000 um ends, you know, 1.7 years. So that means if you went and took the hex uh you know minted the tokens if you just waited so in the meantime you have liquidity so you're trying to you know you can trade them based on liquidity and stuff like that but if you wait till the redemption then not only you got to factor in the discount to hex but also the total return that you're getting as well. So it's like I guess how good a deal is it to to mint the 3,000 even you know right now while it's at a discount the return rate is it again just kind of like as I as I mentioned is just in the meantime you could trade it if you want to but the redemption you're going to get the the return back like how good a deal is that?

[00:35:10]>> Well let me just speak a quick point to the math. Those three metrics are all tied to the same math. They're just different ways of displaying the return you're going to get. You can look at the return as a discount to hex. That's a purchase price. We know the price you're going to get on redemption day is one.

[00:35:30]So the mathematical movement from the discount price to one can be expressed either as a discount or it can be expressed as an APR, right? An annualized rate or a total return which is the complete horizon period gain. But it's all the same. You're not trying to compare the two. They're different metrics on the very same uh earnings.

[00:35:56]>> That makes sense. Yeah.

[00:35:57]>> And just notice is on 3000 you're going to make 9% for 1.7 years across that time horizon. So you're going to uh buy it at the 8.4% discount. you're going to hold it for the 1.7 years and the net result is you'd gain uh 9.18% on your original capital in native hex terms that forget dollars, right? That's native hex.

[00:36:24]>> Yeah.

[00:36:25]>> And in the end, this is a this is a marketplace. So somebody might have a bunch of just liquid hex sitting around and so I think of these HTTS hex time tokens as hex. I don't think of them as a new token. Um, yes, they are Hex of the future, so it's a little different, but they're denominated in Hex. I don't think of it as buying some new random token. So, if I just have liquid HEX in my portfolio, um, maybe I would rather have a 5% APR in my liquid hex, so I buy that up. I I swap my Hex for HTT00s and then redeem one on HEX day 3000. So, that might be a good deal to me. Someone else might see that and they'll think, "Wow, that's not discounted enough, so I'm going to mint it and sell it down to where I think it should be discounted." So, it's kind of a marketplace. There's no necessarily correct answer to what these should be priced at other than relatively the further HTTS out the higher number HTT7,000 should be discounted more than the HT 30000 for example.

[00:37:30]>> And Max, maybe scroll down to help you get some intuition here. Scroll down on that page uh until you get a couple more charts down.

[00:37:40]There's a lot of cool analytics here, but I want draw your attention to that one right there. That right there is showing you the uh annualized return or APY or APR of the HTTS on a given day versus a regular stake on a given day.

[00:37:59]So, if you just go hover over for the sake of the discussion, uh, HTT 3000, go over to day or 3500 somewhere over there on the left, right? Well, one more over.

[00:38:11]So, that's great. So, now notice what it's showing you. It's saying that the hex staking is going to earn you 2.2% today under today's metrics in the system, whereas the token you could buy would earn you 7 point something. I can't quite read it.

[00:38:29]7.3%.

[00:38:31]>> There you go. So, you could see how buying an HTT right there at today's market price on that spot would earn you that number. And as compared to if I staked in the same way, I would get the orange number. So, it's a way of comparing the different types of yields you can get.

[00:38:52]And how would you I don't know if anyone chats asked it uh yet, but I'm sure you all talked about it. this versus, you know, Maxi and Lucky and Desi and the whole like Maximus system of tokens that are future redemption. How would you compare like actuator to to that system?

[00:39:09]>> Yeah, actuator is is more like a bond that you can actually issue. I can I can issue my own bonds or utilize bonds that have already been set up with LP and earn off of those and or sell them on the market through uh through the DEX.

[00:39:25]And of course, we know that the Maxi um is a one-time, you know, pulled stake and the uh the desi perhaps it'll be multiples. I I don't recall if it actually can roll the desi every 10 years, but the but the difference is that they pay out multiples of hex based on the earnings at the end and they would be considered a a different type of an instrument on the market. if you're looking at Tradfi, I think C3 Works called them packaged products, right? Um, and so they're just basically out there earning and you can get in in on that by getting those tokens, right? Um, so they're they're just they're different way that they obtain their value, right? And uh and a different way that people interact. And actually at this point I I I think at this point the uh HDTS might actually have more liquidity on the market and are more funible than the uh the maxis and the desis because like if I have a maxi and they're at discount which they are like right now like I don't want to give them away. So if I put them in LP they you know they they disappear. People buy them out of the LP. So, >> and how does the extra I mean just just go back to the 3690 one here 2% versus 7% where does that you know if it doesn't come from the extra I mean does it come from a combination of the staking rewards and something else like where does it you know why is it so much higher that's a let me answer that one that comes from the fact that somebody out there is willing to sell theirs at that price it's not coming from the protocol. It's coming from the fact the protocol guarantees a one to one hex.

[00:41:08]It's here's a good example. Let's say I took an envelope and I put a $10 bill in the envelope and I wrote day 3000 on it and I said, "Max, I want to sell this to you because I need money today and I can't touch this until day 3000. What will you give me for it?" You'd have to decide, well, I don't know what discount do I want for a $10 bill that I'm going to get on day 3000. You might say, "I don't know. I like my money today, but I'll give you $7 for it if that's worth it to you." Then I have to decide, do I want to part with this on day 3000 because I want your $7 today. I might say, I Yeah, okay. I don't like it, but maybe I'll do that. So, I do it. I get your $7. You get my envelope that has a $10 bill, but you can't touch it till day 3000. Where did your return come from?

[00:41:59]It came from the agreement we had to part with the asset that's worth $10.

[00:42:04]That's where your returns coming from.

[00:42:09]>> Gotcha.

[00:42:11]and and these this uh in my opinion these um the blue line yield well first of all the estimate it's all an estimate on the yield for native stakes right that's just it could change you know the OA can do different things that that orange line can you know that's just an estimate right now but assuming that that's 100% correct the in my opinion the blue line should give lesser yield than the um than the orange line the the HTT should be discounted should pay less than a stake because because they have the premium because they're they're liquid now. Maybe because the contract's still relatively young, people are learning about it, they're discounted more of that because maybe this additional smart contract risk. I don't know exactly, but in like in a mature system, I would think that these HATs would come at a premium to native staking.

[00:43:03]>> In a purely financial sense, that's the logical and correct answer. optionality is supposed to command a higher uh return um than certainty, but nonetheless, at the moment, it's a a better deal when you can get it with the HTTS um yielding more.

[00:43:25]>> Well, yeah, and I see I see some good comments from efficient hex in the chat.

[00:43:29]Um and SLO has he's got a lot of inside information. not inside information, not like insider, but he's got a lot of good information about um how all these things work and has his own opinions and thoughts too. Um just to hit your point, they're not exactly the same thing, but I I will say to you that yeah, there's similarities, right?

[00:43:48]The H but the HTTS themselves are one to one backed with Hex and and the uh the the perpetuals in terms of Maxi and Desi uh is still variable. We don't know what they're going to be at the end, right?

[00:44:01]we just I can guess what they're going to be at the end. But yeah, there's lots of ways to look at this and lots of ways to try to do your calculations and your math. And I'm happy to see you do some stuff, too. I've seen some some of your stuff in the chats.

[00:44:14]>> It's worth noting though that, you know, I I would differ with uh the poster there that they're the same thing because they're not. They have some similarities. They do things with common objectives in different ways, but that ends up making a difference. For example, if I have a bunch of HSIs that I bought from the auction and I want liquidity from them, how do I do that with perpetuals?

[00:44:40]I can't. They don't have any bearing to me in achieving my objectives with my HSIs because they don't offer anything to my HSIs. So, they're not the same thing.

[00:44:52]They may be different ways of doing something that gets liquidity. I can grant that. But yeah, >> if I'm the HSI holder or I need to create a portfolio of HSIS to satisfy my portfolio objectives and I want them to be built the way I want them built for cash flow and now I want liquidity from them. The perpetuals don't help me. They they just can't do that.

[00:45:18]Yeah, I think his his point's more about um staking and and the idea that's very similar in that if I I don't want to speak for him, but but yeah, all these different things come into play. There's different mechanisms, >> right?

[00:45:33]>> And I don't know much about Maxi and Desi from the detail point of view, but actuators all immutable code. So to me that that grants a premium. Like for example, um someone minted their own HTT 3690 uh a week or two ago and in the Telegram there were people saying, "Oh, it's a scam. Like the dev's trying to make money and and all this and like what is the dev doing?" And it's like, "You don't have to be a dev to mint a new HTT." Um and if they are scamming, if they are minting HTTs and selling them all for Hex and then exiting, that creates an opportunity. that creates um a more discounted HTT that's an opportunity for someone else to buy because it's backed one to one to hex.

[00:46:17]So there's there's a lot of dynamics that can play on top of this um globally scalable hex denominated immutable bond curve.

[00:46:27]>> Yeah, I'm glad you mentioned the um the new HTTS and people utilizing it. That's a big question that comes up um in in my discussions when I'm talking to people about actuator and the this idea like they're like okay this is great now you know but what about the future I mean who's going to really do this right well there's some bet there's some uh possibilities right of this market taking off and that people will offer their own HTTS and bonds and so what you've seen are some communitydriven creation of HTTS and we're going to do a stream next month probably where we launch one quote unquote launch it.

[00:47:06]Launching it is I have a stake and I push a button and I say I want these HDTs and then set up LP and so a lot of PE so it's so like like Boxy saying it's not like dev work. It's just simply I'm going to I'm going to create an instrument. I'm going to put it on the market. I'm going to set a price for it and uh see where the market takes it. Um now why would somebody do that long term? Well, for all the reasons we were talking about already to access liquidity, but as the issuer of the bond and the person setting up the LP, you do have an opportunity to earn fees. If people want to participate and they utilize that HTT, that creates volume and volume on Dexus creates uh fees and so you know the 22% or whatever that you would earn through U V2 LPX etc. And so in that way you can actually create an instrument that's backed one to one to hex that's expected to go to one one with hex over time. And so over however many years that's in that that pool is in place, you kn you now have two different hex's. One hex that's hex and then hex time token which is future hex and it can just trade away you know as people utilize it earning fees and um minimizing if not eliminating uh impermanent loss completely because it's all hex.

[00:48:28]>> I don't care which one I have more of.

[00:48:35]Yeah, a community member could if you have a favorite number that's out there on the on the yield curve, you could literally tomorrow create it. I don't know what the number would be. Uh >> 5555.

[00:48:47]>> Yeah. And then and then make your own sub community around like all these memes and the numerology of it and and try to get gather liquidity to it and just do it 100%. just have nothing to do with anybody related to the actuator team or anything and just go make like a quote unquote memecoin but it's backed by hex. It's kind of an interesting possibility.

[00:49:10]>> Well yeah and you know and the thing too another thing about this is um we have seen some people do some testing with HTT minting their own and they just never bring them to market at all and that's fine too. the process is refer is reversible. And so if I'm if I have a stake and I go make a stake and it's delegated into actuator and I print the HTTS, yes, there's a 1% fee for minting, but I can also be the sole person who receives that by being in the uh, you know, being in the vault, you know, because nobody else is caring about some, you know, off number that I'm going to go create. So, I virtually can go create a new HTT, get all the HTTs, even the fee, most of the fees if not all the fees from it, right? Because that that shared fee in the vaults is 1%. And then I decide tomorrow, nah, this isn't for me. I pay the gas. I retire them.

[00:50:00]It's done. It's over. I reverse the whole process. And so, it's not like you're stuck either, right? You can go try these types of things and then almost completely reverse the process.

[00:50:13]Oh, that had an epic sneeze. I'm glad it was.

[00:50:18]Oh, wasn't feeling any BS, was I? You guys weren't You guys weren't lying for a second. Just kidding. Just kidding. Is it saying a lot of chat? Let me know.

[00:50:28]They saying smart stuff. I think so. So far, pretty good. Pretty good. A lot of good discussion. Really good.

[00:50:34]>> Yeah, this is a pretty This is a pretty detailed one, man. We get you can get pretty technical with this. So we're we're staying really high level because what we're finding um at least this is my observation. I don't know if everybody else feels the same way they're watching it but so first off we're working in V2 right where these are dexes and they're then they're using uh the mechanism to trade is going through Pulseex right primarily through Pulseex right and so what does that mean? It means, you know, we have volatility, right, with with how these pairs go back and forth. And so, it's been really interesting to watch the pairs move back and forth against each other because there are people that want to get out of one, and there's people that want to get into another one, and there's people that want to stake, and there's people that want to get more T-shares, and there's people that want to just hold liquid, and then there's people that just want to exit their HSIs. And so what we're seeing is these numbers like fluctuate all over the place and that creates market opportunities, right, for people to do other things, you know, where they're watching like we, you know, and and you do have to be careful with slippage and in size of of orders, of course, and and this is at this time, but I mean, you see some that are 10% overpriced and 10% that are underpriced, and so there could be real opportunity for someone to do a swap and the spread is 20%.

[00:51:54]you know, and they're able to get, you know, 20% more of whatever it is they wanted than they could have before. And then tomorrow that all might change and flip in the other direction. And I'm not advocating, you know, per se that people should be trading. I'm just acknowledging that this is a possibility and that trading is a part of crypto, right? And so then you take this a step further. If we're looking at a $1,000 LP pool, well, at 100x it's $100,000. Maybe people are interested in trading the $100,000 pool, right? A a 2K pool is $200,000. A 60K pool is uh $6 million.

[00:52:33]Are people interested in that? Maybe they are. Maybe they will be. And that's that's what I'm thinking about is how this could really blow the top off of the Hex ecosystem in that there is real utility and use case with this beyond just staking Hex and coming back in 5 years, 10 years. I >> I'm going to make another quick comparison. This is broader community benefit as each individual person is busy pursuing their own goals. Maybe they want to buy HTTPS, maybe they want to stake and sell them, whatever. They can be on either side of the trade. It's all hex marketbased, but in time, what we're going to see emerge is a native hex yield curve. We already see the framework of that, but as the liquidity grows, we're going to know what the true time value of a hex is very purely with no other baskets and wrappers and things around it. The time value of a hex, the kind of the risk-free rate of return relative to hex. If you think about the bond market, what we have over there in the US would be a treasury market. Now, without getting too crazy on this, the one important thing about the yield curve in the Treasury market is that's considered the risk-free rate of return from a credit standpoint. Lots of conversation there, but that is it. It is the straight ruler measurement of what you should get if you didn't want to take any credit risk versus other options in the bond market. If you were going to go buy a corporate bond at the five-year point of the curve, you really ought to be getting a certain amount of yield above what the five-year Treasury is, right? because the treasury is considered to be the the lowest risk credit from a standpoint. And if I'm going to take more risk than that, which everything else is, I'm supposed to get paid for the extra risk. So this yield curve in treasuries becomes the standard by which all other yields are measured.

[00:54:40]And now you have a basis for an for financial building. Well, this is becoming the equivalent of that for Hex.

[00:54:49]There's a point at which if I want to just own and hold Hex for five years, how do I know what my willingness to hold it for five years is worth such that I can measure all other opportunities about Hex against that return. Whether it's this product, that product, they have different structures, their premiums and discounts, their whatever else they do, they have optionality to them. You measure it by the purity of I can hold a hex TT HTT for five years and have protocol guarantee I'm getting it back. That's the purest form of return on a hex.

[00:55:27]Everything else should be measured relative to that.

[00:55:31]So, if so, if I just uh if I'm a dev and just make my own project that has admin keys and I can change it however I want and it's it's advertising 50% yield in hex. Well, that's because you're taking a higher risk, right? This is all >> actuators the the lowest common possible way >> the the simplest I don't know the best word to use but it's the most immutable uh least distance from the actual product to to get from the actual native stick least distance to get this bond market if you will correct because even like well I say the perpetuals we talked about them before you've got a pile of different risks you're trying to weigh up in terms of whatever return you're going to out of that. You don't know what the earnings are actually going to be. You don't know a lot of things. But and that's okay. I'm not that's not to diss the product. The product could be a fine product. But if you're going to measure it to know how good it is, you're going to compare it against the risk-free hex rate of return. The the purest form of the time value component alone is measured by this. And then you decide if whatever extra return is worth it. And that's perfectly fair.

[00:56:50]stuff, gentlemen. Uh, let me say hi to the chat real quick and we'll move on.

[00:56:55]I'm sure there's I don't know. I don't want to I don't want to say I'm for sure, but there may be some kind of crazy looking chart Krispy is saving until the the finale, but uh I'll let him now.

[00:57:07]He's like, "Oh god, I got to go find a chart now." What's up, Krypto? Welcome.

[00:57:11]>> Yeah, I didn't I didn't prepare for one.

[00:57:13]Yep.

[00:57:14]>> No worries. No worries. See, I can always have it as like a joke and it could be like serious if you had one.

[00:57:18]So, like we we play either card. Either one. Either one, >> man. I heck heck steak play.

[00:57:25]>> I do have I do have one that I can show you. So, let me see if I can update it while we're >> I knew it. I knew it. You were just playing hard hard to put up on the screen there, weren't you?

[00:57:36]Um, Tech Play has been making a lot I think also made some uh comments on actuator recently as well. Been making a lot of great hex content for a while.

[00:57:42]Also, shout out to heck steak play. Um, sorry chat. There's a lot of chat. You guys are just going to click on a few comments here. Biffiness, how's it going? How's it going? Already went through a few. See vets in there.

[00:57:55]Softball.

[00:57:56]Um, yeah. Sorry guys, I'm scrolling down. What's up with the Actually, on this one, I was think I was I just gonna ask because I know somebody's gonna think of it or ask probably. Does this support PulseChain, Ethereum, both?

[00:58:09]What's what's the what's the HTT deal with the the networks? This is all PulseChain right now. That's what it does. Uh it is on our radar to contemplate some kind of a Ethereum instance. Um nothing yet to report on there though.

[00:58:29]>> Gotcha.

[00:58:32]>> Two more weeks or not even that? Yeah.

[00:58:37]>> Two more. How many more weeks of the shakeout, guys? Geez, >> I know.

[00:58:40]>> Walking on 125 or something right now.

[00:58:43]Anybody got any numbers on the shakeout that's going on?

[00:58:47]>> Woo. It's getting hot. Getting actually.

[00:58:50]Let me uh speaking of shakeout shirts, t-shirts. Still pretty good. Pretty good.

[00:58:55]>> Like it.

[00:58:56]>> 10,000x club. 10,000x club.

[00:58:59]>> Like it.

[00:59:00]>> Let's do it for a second time as Krispy said. Let's go. Let's go. Let's go. I'm going to play a video for them while crispy.

[00:59:06]>> Uh, let's do uh you know what? Let's get pumped up. Here we go.

[00:59:12]>> So, you know you're in trouble when your extra large road weight belt don't fit no more. I guess I haven't been lifting uh on the cardio machine so much.

[00:59:25]So, give lifting this heavy crap a try.

[00:59:29]Let's give it a shot.

[00:59:51]Yeah, baby.

[01:00:00]>> Anybody? Anybody been doing deadlifts recently? Anybody?

[01:00:03]>> I don't know. You got to admit that's pretty stly.

[01:00:07]>> Strong strong guy. Strong guy.

[01:00:10]Anyways, back to the uh smart talk here.

[01:00:13]How's it going? Everyone wake now?

[01:00:14]Everyone wake? Everyone's like, I need to go work out now. Yeah. Yeah, >> I know.

[01:00:17]>> I might go might get some get some uh get some reps in myself here in a bit.

[01:00:21]>> Do some dead.

[01:00:22]>> What we looking at? Yeah.

[01:00:24]>> Yeah. So, this is um this is just a newer chart that I had put together. I wanted to try to visualize um how actuator was affecting the t-shirt counts. And I mentioned this earlier.

[01:00:33]We're probably I'm going to guess we're probably over 7,000 at this point, but I'm going to go I'll go run it. But just showing you um you know what what actuator has been doing over over these many months uh in terms of adding more t-shirts because a lot of us believe pretty strongly that the actuator protocol is helping hex by locking up more hacks.

[01:00:56]All right. And so these are only stakes that have been made through the actuator protocol. the UI itself. And so we can say that um these stakes are being done because of actuator, right? Why else would you travel to the actuator site and go do this? And so you can see uh kind of a normal ramp up at the end of 24 going into 25 uh RH's OA stakes coming in and then a very flat period all the way to October of 25 you know where where people are just trying to understand what was going on overall with Hex but off to the races in October we've been uh we've been seeing more and more use of the of the application of the protocol and the t-shirt is going up and then most recently with the amplification streams. We really saw them shoot up because people are trying it. They're out there say they're saying, "Hey, you know, I'll take 10,000 hex and, you know, take my $5 worth of hex or whatever and go try this and go see what it looks like and get a feel for it." And um I think the true nature of that's coming through because now there's all sorts of people I don't know who are just using the the protocol. Not that I should know them, but you know, I had a pretty good handle on what's happening and things are getting pretty crazy. So you can see at the end end here in the last uh several days um we've gotten a pretty strong parabolic increase.

[01:02:21]It's worth noting that that this will keep stairstepping according to the thickness of the liquidity in those hex HTT pairs because as there's a flywheel effect I believe we're going to see and a lot of it is uh accelerated by the knowledge sharing because more people learn about it the more people will try it some of them you're going to move up into the shark class and they're going to go whoa Whereas for larger size trades, the current liquidity doesn't support going in and doing larger volume activity. So maybe what those sharks would do is say what I can do because you could go all the way up to the biggest whale and they can create larger uh HSIs. They can mint all of the HTTs they want from their stake and then they can pair a bunch of H or HTTS they just made with a bunch of their HEX supply that as active liquidity to HTT pairs earn something and now that supports bigger trades that can come in. So there's a bootstrapping effect here.

[01:03:31]Yeah, we've seen some, you know, it's funny because I think I get closeted, you know, sometimes even myself when I'm thinking about this stuff. Like I have my idea of how things are working and what my goal is and like I'm fix fixated on t-shares and so like uh we go through an amplification process where you know let's say somebody does they do think that an HTT is overpriced, right? and they go mint it and they go swap it and the reason they swapped it is because they want to do another stake because they want to get their free T-shares or their increased amount of T-shares.

[01:04:04]Well, somebody else sees that afterwards the price came down and they just want more Hex. So, they're willing to buy up the discount, right? And then the price goes up and somebody else is like, "Well, now I want to time travel, right? I wanted I have this, you know, they look at the prices and we won't get into too much detail, but there are times when the ratios line up in such a way that I could have an HTT 6000 that's basically the same price as an HTT 4000. We've seen that before and they >> right now, Krispy. I mean, if you wanted to show it on screen, it's exactly the case right now. You could show them what could be done.

[01:04:40]>> Yeah, I'll show that out. Um, and and so so you can actually I call them time travel trays. It's not really time travel, but I mean, but think of it this way. You can get How many years is 2,000 days? That's that's six years, right?

[01:04:53]Roughly, give or take. You know, a little bit less than six years. So, you can actually stake out um you know, a number of years and get your get your hex back six years earlier while those conditions exist. So, it's it's really quite interesting when that stuff comes up, right? Um, so there there's all these opportunities that kind of present themselves. I'll pull up the actuator and I'll show you that what I have.

[01:05:20]>> While you're doing that, just like the general theme that I found is every anomaly in the system and there's different angles to look at anomalies.

[01:05:28]Every anomaly is a is an opportunity.

[01:05:30]So, um, it's it's really it's really interesting. Um, and there there's different ways like I think C3 said earlier the H buying an HDT is kind of like a liquid HEX stake. Also, the other way to earn more HEX is HTT uh hex liquidity pairing because it's basically a stable swap pair if your time horizon is the same as the HTT um end date. Um, and then you also have the ACTR token which you can put in like say for example an HDT7000 vault and earn some of the the the fees um when when you mint HTT7000 1% of that goes to like a pool, a decentralized pool and you can just have ACTR tokens sitting in that pool and earning you HEX that way. So it there's more angles on it than just getting more T-shares though we all want more T-shares. Um there's there's a lot of different dynamics here. So >> yeah, exactly. Now, hey, C3 Works, what were the two that you were talking about? The ratios might have changed at this point.

[01:06:38]>> Yeah. Go to the regular spot. Compare the discount on HTT 5000 and 6000.

[01:06:44]You'll find they're identical.

[01:06:46]>> So, I'm going to put them put them by redemption day. I'm going to say descending real quick just so we see them on the same screen. Let's see if this changes. Um, and then we're looking at 5,000 is here, which is 29% discount, and the 6,000 is 28.7%.

[01:07:06]>> Yeah, mine were identical a second ago, that effectively is. So, what that's showing you if you if a if somebody wanted to literally right now, subject to liquidity or not liquidity, but slippage. So, be careful with your trade size. But the point is, you could take some hacks. If you took some hacks, you could take say 100,000, you could create an HTT uh or an HSI 6,000, right? On day 6,000, you could mint your HTTS from that. That's going to run for 10 years. When you mint the HTTS, you can literally swap them for HTT 5000. Just one trade. Swap the 6000s for the 5000s. Notice because of the same discount, that's the same price in hex terms, you're literally getting the same amount of HTTS. So now you've got the same amount, which is the 100,000 HTT 5,000s. What's the net result? You have a day 6,000 10-year HSI running, but you get your 100,000 principal back on day 5,000, which is a thousand days sooner.

[01:08:17]and and your risk is mitigated because you're still denominated in hex and the code guarantees one to one backing on that day. So trading it this is a different the trading the word has a bad connotation in this in these circles but you're not this is different.

[01:08:34]>> Yeah, I'm choosing I'm choosing to uh you know relinquish that that concern about trading because like I said earlier what is what is crypto? You know, now everybody should be very careful about what they do and know that there's risk in crypto with trading, etc. But reality is I can come in here because the HTT 6000 just priced a little bit higher than the 5,000. Both of them have ample, you know, ample amount of LP. I could easily trade $100 between the two and get $100 worth of HEX, you know, a thousand days earlier and I still own my original stake and I can come back and reclaim it at any time if I chose to, right? And uh and you know, perhaps this would cover maybe would support a much higher trade, right? And that's what people will decide for themselves.

[01:09:26]>> Jent, what have we covered on this? I feel like uh went from the intro to some mechanics to comparisons to um yeah, it's really I love the stats on the site, too. I feel like they're really really good information.

[01:09:40]>> Yeah, I love it. Um I I see some people in the chat out there asking questions like crypto life school and there's a lot of details you know in here that to get into and we're not going to do it on this stream because we're going to wrap up but come over to the telegram you know and they'll answer we'll answer right there in the telegram for you and if needed we'll put up a you know mo boxy can set up a you know a chat and we can do or we can do a stream whatever works best >> and you can review the docs at docs.actuator.inance finance. Everything about the protocol is laid out there with good examples and great uh uh summaries and detail.

[01:10:19]>> Yeah, everyone if you have questions like there uh we're about to wrap up, but I said Chrisy mentioned Telegram. Uh there's also said um yeah, just add us at on on X at some of these uh Gazinx at hexfire.io. Got 3C works. What's yours, Boxy?

[01:10:39]Uh well mine's super metroaboxy at super metroboxy but you I think actuator finance is just actuator finance. So maybe just do that >> actuator finance. Yeah you go. Uh the website of course the docs. Um yeah what do you guys want to wrap up on? What's uh what's is there any you know anything coming up for um actuator?

[01:11:01]Uh is there any >> Yeah. Yeah. What what do you guys want to talk We're we're within we're within 6 months, right? October is uh what 140 daysish until uh the next primary HTT and that that system launches core HTT which will be HTT 8000 and that that will be very interesting that'll that'll kick off the final year of actuator token ACTR token distribution and it will introduce a new farm and so I expect there to be lots of excitement around that.

[01:11:37]140 more days. I wonder what crypto what will crypto look like in 140 more days.

[01:11:41]Will it be flaming hot or uh look up >> or moon? You looking at the moon? You looking at >> I'm either I'm either looking either I'm looking up at the top of the chart or I'm way down looking up to where we used to be. I don't know which.

[01:11:57]>> You tell me there's a chance.

[01:11:58]>> There's a chance. But hey, right now I'm focused on units, man. So, I never had so many units. It sounds silly, but I mean, if you go back in history with any asset, having more units when they're really cheap worked out really good when they're really expensive. And we we don't know what's going to happen in the future, but I really hope everything gets super expensive.

[01:12:20]>> Let's go. Let's go. Krispy Foxy C3 Works. Uh, we got X. Where where can people uh I think we covered where can people find out more about actuator actuator.inance. Uh it's a telegram.

[01:12:34]What do you guys want to share with that?

[01:12:37]>> Well, all the links are right on the page at actuator. Finance. I mean they're right there just like in C3 works, right? Including the telegram so you can make sure you get to the right one, not a fake one.

[01:12:47]>> Yeah, that's the starting point actuator. Finance because as Krispy says, you want to make sure you get to all the right stuff, not the fake stuff.

[01:12:56]and and we'll be we've hosted a few uh community spaces on on X. So um if you if you follow any one of us um on on X, we'll be posting about that. Probably have one in a week or two. So sometime I mean if you have questions sometimes in engaging in that dialogue is the best way to sort through. There's lots of onions in this. This is an onion.

[01:13:16]There's lots of layers in this protocol.

[01:13:17]So um please please join ask ask questions. Don't be afraid to sound stupid.

[01:13:23]>> We've got scallops. We've got onions. We even got radishes, man. We're good. We got all sorts of things to dig into.

[01:13:30]>> It's good stuff. Good stuff. All right, everyone. Thanks, Chance, for uh coming on. Pretty pretty fun show. Uh again, Hex token. Hex token. A lot of people like the Hex token. Pretty good.

[01:13:42]>> Saying somebody saying there's only, you know, several hundred million Hex tokens currently on the market. So, >> start seeing those evaporate. Um you know, things could get very spicy.

[01:13:55]exciting times hopefully. So hopefully lots of uh cool excitement in the markets in the ecosystem uh products we got a lot of infrastructure got a lot of building a lot of good stuff. All right, everyone. That is all we got for you today. SI vibe and 5555. We are out.

[01:14:13]Texas is not complete.

[01:14:17]Project not complete. They're not the same thing. Promise returns and go build something.

[01:14:24]How much ax is Bitcoin up now, thousandx over a penny? Who's designed to replace fiat currency? Back to the 10,000x smart [ __ ] I am. Everyone else cries and whines like a little [ __ ] Thousandx over a penny. Who's designed to replace fi currency? Back to the 10,000x smart [ __ ] I am.

[01:14:49]Well, it was [ __ ] designed 10,000x.

[01:14:52]It's impossible. How can he do that?

[01:14:54]Listen you stupid [ __ ] Everything else is up higher.

[01:14:58]Bitcoin to 2 million.

[01:15:01]$1,500 [ __ ] dollars.