tehMoonwaLkeR Community AMA
With Special Guests: Lattice.Exchange
On October 6, 2020, several members of the Constellation Network and Lattice Exchange made a special visit to tehMoonwaLkeR community for a fantastic AMA. Ben Jorgenson, Mateo Gold and Alyze Sam enjoyed an hour of intelligent, challenging and thought provoking questions from tehMoonwaLkeR community.
Please enjoy this text-recap from the live event and be sure to join us on social media or telegram for one-on-one interaction with founders and staff.
Mateo Gold:admin
good morning everyone
[7:57:30 AM]Barry H:
Pumped for the Lattice ama !!!
> Mateo Gold
> good morning everyone
Mateoooo!!!
[7:57:36 AM]CryptoAmateur:admin
Good morning!
[GIF]
[7:57:57 AM]Alyze Sam:🏼♀:admin
Good morning, afternoon and evening to all you beautiful mooners out there!
I hope you all have some exciting questions lined up!
[7[7:58:12 AM]Mateo Gold:admin
are we doing this or what?
[7:58:34 AM]Alyze Sam:🏼♀:admin
Caffeinated and ready! Lol
[7:58:36 AM]Bew:
let’s go :raised_hands:
[7:58:49 AM]Barry H:
Party time 🥳:sunglasses:🤩
[GIF]
[7:59:20 AM]CryptoMatrix:admin
Welcome brothers :pray::fire:
[7:59:25 AM]tehMoonwaLkeR:admin
alright first half the chan will be muted
second the community can jump in
[7:59:36 AM]Mateo Gold:admin
‘aight
[8:00:58 AM]tehMoonwaLkeR:admin
lets start with an intro
please be so kind and introduce yourselves, maybe talk about ur role in the project
[8:01:29 AM]Mateo Gold:admin
lol one way to schill
anyway
first of all thanks for having me and good morning
My name is Mathias and I’m the COO and Co-Founder of Lattice exchange as well as Constellation Network.
We have been working quite hard the last 3 years to deploy an infrastrcuture that scales — and now, with Lattice we are launching our flagship project that runs on the DAG Hypergraph infrastructure (one of the only few mainnets in the world and totally decentralized)
[8:03:55 AM]Ben Jorgensen:admin
Good morning all.
My name is Ben Jorgensen and I am one of the founders of Constellation and am spearheading lattice with Mathias.
[8:06:19 AM]tehMoonwaLkeR:admin
what is Lattice , why do we need it, what does it solve, and how does it work?
> Mateo Gold
> My name is Mathias and I’m the COO and Co-Founder of Lattice exchange as well as Constellation Network. We have been working qui
was the step to defi always planned, or was it adapted to the immense interest defi sees
[8:06:59 AM]Ben Jorgensen:admin
Lattice is the evolution of existing DeFi solutions by providing the best price and profitability for protocol users. It enables smart routing for trades and the ability to aggregate liquidity pools and incorporate multiple Automated Market Making (AMM) algorithms on Constellation’s scalable Network.
Lattice is the financial application — the first — built on Constellation’s protocol. It combines the best in DeFi but on a scalable infrastructure protocol enabling near zero transaction fees and more sophisticated trading AMMs to bridge traditional securities markets with crypto assets.
[8:08:38 AM]tehMoonwaLkeR:admin
> Ben Jorgensen
> Lattice is the evolution of existing DeFi solutions by providing the best price and profitability for protocol users. It enables
sounds amazing but i wont let you get off so easy, I’m very well aware of Uniswap and love it and the same time i hate it, been using it extensively for months now, so lets go deep
1. how does lattice scale without having a bottleneck when conversion to Eth happens
[8:09:06 AM]Ben Jorgensen:admin
Absolutely! It is a great product — very easy to use
[8:09:49 AM]Mateo Gold:admin
> tehMoonwaLkeR
> was the step to Defi always planned, or was it adapted to the immense interest Defi sees
We did an analysis of systemic risks in the DiFi ecosystem and concluded that there is quite some systemic risk for traders due to the non-scalability of Eth. With the B dollars of assets in that ecosystem a block-based network that adjusts fees upwards is a tremendous risk for anyone who locks their funds in such a network when there are network congestion times and black swan events in the market.
As such we took the opportunity to leverage a scalable low fee and instant settlement infrastructure and combine it with best in class features to showcase a solution that surpasses current solutions in the DeFi space.
We want traders to be safer and ultimately have a better experience using Lattice
[8:11:08 AM]tehMoonwaLkeR:admin
> Mateo Gold
> We did an analysis of systemic risks in the Defi ecosystem and concluded that there is quite some systemic risk for traders due
another benefit of Uniswap ofc is using the Ethereum SC, which are pretty known and many work with them, how will lattice work? since it’s based on new tech?
[8:11:34 AM]Ben Jorgensen:admin
> tehMoonwaLkeR
> 1. how does lattice scale without having a bottleneck when conversion to eth happens
Lattice scales from a technical and economic perspective. Essentially, Lattice allows traders and businesses to scale economically in that there will be trade volume incentives that bring transactions settlement fees to near zero. We can do that because Constellation’s Hypergraph network is fee-less.
The other way we scale is that the Constellation protocol uses a reputation based consensus that is randomized and built to optimize a graph based database (DAG) that is equipped to handle a lot of data (or transactions). FAST, CHEAP, and SECURE.
[8:12:47 AM]tehMoonwaLkeR:admin
> Ben Jorgensen
> Lattice scales from a technical and economic perspective. Essentially, Lattice allows traders and businesses to scale economical
but how do you transfer from Eth to DAG without bottleneck and fee issues?
also will lattice benefit from the various pools on Eth atm?`if not how will it work
[8:12:57 AM]Ben Jorgensen:admin
> tehMoonwaLkeR
> another benefit of Uniswap ofc is using the Ethereum SC, which are pretty known and many work with them, how will lattice work?
Which side chain are you referring to?
[8:13:31 AM]tehMoonwaLkeR:admin
> Ben Jorgensen
> Which side chain are you referring to?
take ur pick, i am interested in the relationship of both
i know plenty of projects that use multiple chains, but Eth in the end is always the heavy stone that slows
[8:15:58 AM]Ben Jorgensen:admin
> tehMoonwaLkeR
> another benefit of Uniswap ofc is using the Ethereum SC, which are pretty known and many work with them, how will lattice work?
Well, Constellation will be cross-chain compatible starting with DAG and ETH. Our vision all along was to make it seamlessly cross-chain compatible (something we built into our protocol a year ago). We believe that various side chains should be aggregated and interoperable. You need a scalable infrastructure to support this dynamic relationship. In Q1 2021 we will introduce cross chain compatibility between two major infrastructures.
[8:16:01 AM]tehMoonwaLkeR:admin
> Ben Jorgensen
> Lattice scales from a technical and economic perspective. Essentially, Lattice allows traders and businesses to scale economical
“We can do that because Constellation’s Hypergraph network is fee-less. “ doesn't this bare the risk of getting spammed?
[8:16:42 AM]Mateo Gold:admin
> tehMoonwaLkeR
> but how do you transfer from Eth to DAG without bottleneck and fee issues? also will lattice benefit from the various pools on
when you enter the cross-chain ecosystem there are multiple options now depending on how people use it:
The first is you enter through erc20 into the DAG side of equation you stake un-stake trade and swap all within the DAG side which makes it faster and less fees. Then once all your actions are done the sum results gets relayed into an Eth block.
The second aspect are wrapped tokens on DAG that we haven’t talked about yet much. But essentially one can wrap the erc20 and others on the DAG side as well to take advantage of the DAG features.
We are also coming out with a DAG based token standard akin to erc20.
[8:17:21 AM]Ben Jorgensen:admin
> tehMoonwaLkeR
> i know plenty of projects that use multiple chains, but Eth in the end is always the heavy stone that slows
Yes — we ultimately want to be the one stop shop ecosystem play where you don’t have to band aid and bridge multiple chains and multiple solutions.
However, if you want to create multiple chain solutions and connections (like a Zapier capability) you certainly can — and pull the best of each chain, capability, and ecosystem (maybe that is liquidity)
[8:17:34 AM]tehMoonwaLkeR:admin
> Mateo Gold
> when you enter the cross-chain ecosystem there are multiple options now depending on how people use it: The first is you enter t
“The second aspect are wrapped tokens on DAG “ love this, it works well for btc and other wrapped tokens on Eth
> Mateo Gold
> when you enter the cross-chain ecosystem there are multiple options now depending on how people use it: The first is you enter t
I understand
how can you do it with pools and liquidity
those will probably be on DAG chain?
> Ben Jorgensen
> Yes — we ultimately want to be the one stop shop ecosystem play where you don’t have to band aid and bridge multiple chains and
will it be competition to existing DeFi?`or ultimately benefit it?
[8:19:56 AM]Mateo Gold:admin
> tehMoonwaLkeR
> i know plenty of projects that use multiple chains, but Eth in the end is always the heavy stone that slows
That is correct. But it’s all about adoption. We showcase how a cutting edge infrastructure is can be used while tapping into massive existing ecosystems. The interoperability of blockchains has been a topic for a while and while many of them have limitations they have their specific use cases and user bases that we want to connect through Lattice and the Hypergraph.
[8:20:59 AM]Ben Jorgensen:admin
> tehMoonwaLkeR
> those will probably be on DAG chain?
Think of it like centralized exchanges and how they work with cross-flows. If a centralized order book can’t fill all of the orders, they route trades to a DEX (for example) to fill the market order instantly. Constellation | Lattice will be the default routing mechanism because we are faster and cheaper.
[8:21:33 AM]Mateo Gold:admin
> tehMoonwaLkeR
> those will probably be on DAG chain?
yup. that’s the idea. Cross-chain pools.
I think we are one of the first to tackle that area effectively.
[8:21:52 AM]Ben Jorgensen:admin
> tehMoonwaLkeR
> will it be competition to existing DeFi?`or ultimately benefit it?
I think it will ultimately be an evolution of DeFi — so yes a competitor but ultimately beneficial to the entire ecosystem
[8:21:58 AM]tehMoonwaLkeR:admin
> Ben Jorgensen
> Think of it like centralized exchanges and how they work with cross-flows. If a centralized order book can’t fill all of the ord
have you looked at liquidity projects like Orion protocol? a potential collab interesting there?
very nice
how will the pools work, compared to Uniswap, any evolvements there? or a similar approach
add to the pool and receive a % of fees and receive a pool token in return
[8:23:17 AM]Ben Jorgensen:admin
> tehMoonwaLkeR
> have you looked at liquidity projects like Orion protocol? a potential collab interesting there?
Yes — we are looking to collaborate with projects that tap into various liquidity at different points. This is about creating a holistic solution and combining efforts
[8:23:39 AM]Mateo Gold:admin
> tehMoonwaLkeR
> have you looked at liquidity projects like Orion protocol? a potential collab interesting there?
We have been looking at multiple solutions in the DeFi space and are open to strategic partnerships.
We also see it as a sign of a customer need of there are multiple solutions that are being developed. Like we have different smart phone manufacturers that caters to specific fan bases — there are multiple companies working on DeFi solutions.
[8:23:48 AM]tehMoonwaLkeR:admin
> Ben Jorgensen
> Yes — we are looking to collaborate with projects that tap into various liquidity at different points. This is about creating a h
[mp4.mp4] 122 KB
gonna open the chat
so if community got Q
chip in
> Mateo Gold
> we have been looking at multiple solutions in the DeFi space and are open to strategic partnerships. We also see it as a sign o
lets talk tokens
DAG LTX ? both will play a role i assume?
[8:25:27 AM]Mateo Gold:admin
> tehMoonwaLkeR
> how will the pools work, compared to Uniswap, any evolvements there? or a similar approach add to the pool and receive a % of f
Firstly, in the v1 pools will work on erc20 like we are used to. The difference is that we also allow for weighted pools and multi asset pools. We have our own pools and we aggregate existing pools leveraging the liquidity through smart routing — which ensures that a trader gets the best price at the lowest slippage
[8:26:31 AM]tehMoonwaLkeR:admin
> Mateo Gold
> Firstly in the v1 pools will work on erc20 like we are used to. The difference is that we also allow for weighted pools and mult
sounds amazing, but can you expand “ weighted pools and multi asset pools” in simpler terms?
[8:27:34 AM]Ben Jorgensen:admin
> tehMoonwaLkeR
> let’s talk tokens DAG LTX ? both will play a role i assume?
Absolutely. LTX will be launched shortly and will be an ERC-20 token. Our aim is to play nice with the Ethereum ecosystem and grab some of the market as well as the liquidity.
Early 2021 we will introduce DAG staking (deposits and withdrawals) and will be the cross-chain solution between DAG and ETH. User staking DAG will earn LTX as a reward and that will give them the ability to participate in governance.
Think of this like having a passport (DAG) but still need to register in each country and state (and play by their rules).
[8:28:14 AM]Mateo Gold:admin
> tehMoonwaLkeR
> sounds amazing, but can you expand “ weighted pools and multi asset pools” in simpler terms?
yes ofc. Multi asset pools = pools that have more than two assets. Imagine a pool that contains 33% Eth, 33%, BTC, 33% DAG
Weighted pools are pools that are not split 50/50 like on Uniswap but for example 70 Eth/30 DAG
[8:28:59 AM]Bew:
does $LTX play a role in the pools, like is LTX bonded to each asset in the pools ?
[8:29:02 AM]Barry H:
Anything that we, the community, can do to help Lattice, and ultimately Constellation, succeed?
[8:29:49 AM]tehMoonwaLkeR:admin
> Ben Jorgensen
> Absolutely. LTX will be launched shortly and will be an ERC-20 token. Our aim is to play nice with the Ethereum ecosystem and gr
the TX fees and the liquidity reward will be paid in ltx or dag?
[8:30:36 AM]Mateo Gold:admin
> tehMoonwaLkeR
> the TX fees and the liquidity reward will be paid in ltx or dag?
the function of LTX is as a pool rewards for erc20 and cross-chain pools. essentially giving DAG holders more opportunities.
[8:32:45 AM]Ben Jorgensen:admin
> Bew
> does $LTX play a role in the pools, like is LTX bonded to each asset in the pools ?
LTX is a governance token. It will allow participants to orchestrate the Lattice ecosystem and provide insight into how it operates (this will come in a myriad of ways). People that stake DAG will be able to earn these tokens. We are working on a rather evolved tokenomics that weaves LTX and DAG rather nicely (and something that hasn’t done and will ensure a balanced ecosystem).
One thing that our experience in Constellation will pay off will be in orchestrating true governance. We have been successful in deploying governance on the protocol level with Constellation (with various facets of governance including incorporating individuals and activating a community to participate). Not many DeFi projects truly understand decentralized governance. This is where we shine.
[8:33:31 AM]tehMoonwaLkeR:admin
> Ben Jorgensen
> LTX is a governance token. It will allow participants to orchestrate the Lattice ecosystem and provide insight into how it opera
what about partnerships, any you can disclose yet?
[8:34:22 AM]Ben Jorgensen:admin
> Barry H
> anything that we, the community, can do to help Lattice, and ultimately Constellation, succeed?
Thanks Barry! The biggest thing that we can ask of the community right now is to start spreading the word. When we introduce our MVP in the next 30 to 60 days we will want our loyal communities to use the product and evangelize it. Providing feedback and improving the product will be essential and we will be listening.
[8:34:41 AM]tehMoonwaLkeR:admin
> Ben Jorgensen
> LTX is a governance token. It will allow participants to orchestrate the Lattice ecosystem and provide insight into how it opera
governance in terms of which coins to list? or how would it look
[8:35:07 AM]Mateo Gold:admin
> tehMoonwaLkeR
> what about partnerships, any you can disclose yet?
With Lattice (and Constellation) we have some of the best known and well-established partners on our side. We will be announcing more with press releases the coming weeks.
[8:35:35 AM]Ben Jorgensen:admin
> tehMoonwaLkeR
> what about partnerships, any you can disclose yet?
We haven’t divulged many yet. However, I will say that we have really activated many asian communities in Lattice. It is rather exciting as we bridge the fundamentals of a protocol with communities that can move the needle with mass adoption.
[8:35:35 AM]Bew:
> Ben Jorgensen
> LTX is a governance token. It will allow participants to orchestrate the Lattice ecosystem and provide insight into how it opera
so LTX plays quite a crucial role in the Lattice ecosystem and is not just a rewards token, that’s great :ok_hand: Thanks for the thorough answer :)
[8:36:30 AM]CryptoAmateur:admin
> Ben Jorgensen
> We haven’t divulged many yet. However, I will say that we have really activated many asian communities in Lattice. It is rather
Thats great.
[8:36:40 AM]tehMoonwaLkeR:admin
> Ben Jorgensen
> Thanks Barry! The biggest thing that we can ask of the community right now is to start spreading the word. When we introduce our
thats quite the deadline, how ready will the mvp be? what can you do on it
[8:37:03 AM]Ben Jorgensen:admin
> tehMoonwaLkeR
> governance in terms of which coins to list? or how would it look
Governance in multiple ways — I can’t divulge everything we are planning — but I will say it will be more than just agree on certain coins. One thing that we are exploring is how to use governance in the reputation based consensus model we have built and giving more control to users that participate in the network.
[8:38:22 AM]tehMoonwaLkeR:admin
sounds amazing
[8:38:27 AM]Ben Jorgensen:admin
> tehMoonwaLkeR
> thats quite the deadline, how ready will the mvp be? what can you do on it
Yes. Absolutely. We have assembled an incredible new team to build this out and work closely with our core protocol team. Our phase 1 that we are releasing will put us on par with what is already out there — a first step.
[8:38:27 AM]tehMoonwaLkeR:admin
[GIF]
[8:38:38 AM]Barry H:
> Ben Jorgensen
> Thanks Barry! The biggest thing that we can ask of the community right now is to start spreading the word. When we introduce our
my favorite thing about the Constellation team is how you guys really DO listen, unlike most other teams in the space. Thank you for being awesome, communicative and present.
[8:39:43 AM]Ben Jorgensen:admin
> Barry H
> my favorite thing about the Constellation team is how you guys really DO listen, unlike most other teams in the space. Thank you
Thanks Barry! It is exciting to see us activate our community in DAG to help us build a major application in DeFi. It takes a community (not solely a bunch of devs).
[8:40:35 AM]Bew:
> Ben Jorgensen
> Thanks Barry! It is exciting to see us activate our community in DAG to help us build a major application in DeFi. It takes a co
[8:40:37 AM]Barry H:
What does Lattice look like 1–2 years from now?
[8:40:59 AM]TehOgt:admin
Hi
[8:41:04 AM]tehMoonwaLkeR:admin
ok fellas, was a pleasure and i cant wait to use Lattice.Exchange:
- low or no fees
- faster tx
- and same or more benefits
seems like a no brainer
[GIF]
[8:41:30 AM]Bew:
> tehMoonwaLkeR
> and i cant wait to use Lattice
me too :sunglasses:
[8:41:40 AM]thijs:
Is there a maximum of dag to stake? Or is is limited?
Oh I am to late haha
Unlimited*
[8:42:18 AM]Mateo Gold:admin
> tehMoonwaLkeR
> seems like a no brainer
yes, we are always innovating and ultimately we want to create a better experience for users in the DeFi and blockchain world
[8:42:18 AM]Ben Jorgensen:admin
> Barry H
> What does Lattice look like 1–2 years from now?
I focus on the next year is to not only provide cross-chain compatibility but to bridge the $30T traditional securities markets with crypto and decentralized governance. We will do this by oracalizing data in a way that can be used to create more complex financial trading solutions akin to the traditional hedge fund strategies
[8:42:19 AM]tehMoonboT:admin
> Ben Jorgensen
> I focus on the next year is to not only provide cross-chain compatibility but to bridge the $30T traditional securities markets
[GIF]
Congratulations Benjamin J you’ve just been rewarded 20 rep in our tehMoonwalkeR activity jackpot!
[8:42:31 AM]tehMoonwaLkeR:admin
[GIF]
[8:42:39 AM]Ben Jorgensen:admin
> tehMoonboT
> GIF
Lol. Awesome.
Thanks @tehMoonwalkeR — great questions! Really appreciate you making room for us
[8:43:19 AM]CryptoAmateur:admin
Great job guys, thank you for your time today.
[8:43:21 AM]tehMoonwaLkeR:admin
> Ben Jorgensen
> Thanks @tehMoonwalkeR — great questions! Really appreciate you making room for us
anytime brother
[8:43:38 AM]Bew:
> Ben Jorgensen
> I focus on the next year is to not only provide cross-chain compatibility but to bridge the $30T traditional securities markets
what a goal :raised_hands:
[8:43:39 AM]Barry H:
If anyone can do it, it’s you guys :wink:
[8:43:45 AM]Ben Jorgensen:admin
Thank you. Have a great day all! Please check out our vision piece
Lattice Exchange: A best in class DeFi project built on Constellation’s Hypergraph
[8:43:48 AM]Mateo Gold:admin
> tehMoonwaLkeR
> anytime brother, thanks for the invite and the good questions.
[8:43:48 AM]Barry H:
thank you Ben and Mateo!
[8:43:50 AM] Ben Jorgensen:admin
And join our community.
[8:44:12 AM] Alyze Sam:🏼♀:admin
Thank you all so much. Please consider joining us on telegram for any other questions you may have. We really appreciate you all so much. https://t.me/Lattice_exchange
[8:44:40 AM]Ben Jorgensen:admin
Bye! Thank you all.
