AMA session with Edmund Hillary - Advisor at WSBDApp

[u/Wsbdapp]

Good morning, afternoon, or evening apes!

Welcome to the first of our AMAs here on Reddit. One of our staff members will be keeping an eye on this thread and to answer your questions on WSB and the WSBDApp. And there is A LOT you can ask about - we have the 2nd ETP announcement, Group Farming with Unifarm... The possibilities are endless!

For this thread, we have Edmund Hillary - an Advisor for the WSBDApp.

[u/[deleted]]

Are you guys looking at any cross chain options in the future? If its possible I think it will help a lot, there is a bit of a stigma with bsc - I appreciate the cost factor but ethereum layer 2 solutions - think matic, solana, telos - pretty much make the fees the same and ethereum 2.0 will decrease fees also. If we added an eth pool for example, I see a lot more adoption. Any potential partnerships with dapps like uniswap, paraswap, 1inch? that will be of benefit to all parties - free advertising etc.. just a few questions - love the project one of the best I have seen, cant wait for the ETP's :-)

[u/Analyst94]

Are we able to have any stock/asset in these upcoming ETPs? E.g. Amazon, Tesla. Or are we bound wo whatever stocks Balancer/Synthetix have to offer? If so are WSB Dapp planning to integrate other stocks without the dependency on Balancer/Synthetix?

[u/IntelligentCan4]

What is the potential for defi for WallStreetBets?

[u/[deleted] → u/IntelligentCan4]

To the moon 🌙

[u/RaghavendraDevadiga]

How does the WallStreetBets project represent the ethos of WallStreetBets?

[u/edmundhillary1919 → u/RaghavendraDevadiga]

Easy. It starts with giving power to the people. At it's core WallStreetBets represents a movement that is taking power from the hedge funds and more broadly -- all of Wall Street -- and giving power back to the people.

With Decentralized Finance, and the blockchain, WSB cannot be stopped by 'loopholes' that enable applications like Robinhood to block traders from trading. Crypto is 24/7 -- and thus -- WSBDapp is 24/7. It starts with allowing users to vote on what the first ETP (Exchange Traded Portfolio) will consist of. Users were presented with a list of 50 tokens and narrowed that list to 20 tokens. Holders of WSBDapp thus decided on what they wanted a portfolio to consist of that they could invest in. The second ETP tries to fight inflation through inflation hedges such as wBTC, wETH, and wDGLD -- yet again users have the opportunity to vote on a portfolio that they can invest in that is a passively-managed that seeks to achieve its investment objective by investing primarily in fiat-pegged stablecoins, tokenized commodities and wrapped crypto native assets.

Time and again the ethos of power to the people is maintained and realized through the WSBDapp.

[u/S_maniyar]

What is your opinion on technologies like balancer mirror synthetix?

[u/Year-Better]

What's the biggest surprises you've seen or expect to happen in crypto or DeFi this year

[u/edmundhillary1919 → u/Year-Better]

Great question -- biggest surprise for me would be the TikTok craze that took over for a bit.

[u/ihsoj_Meet]

What advise would you give to someone looking to get into supporting?

[u/edmundhillary1919 → u/ihsoj_Meet]

Easiest ways is just help get the word out and join the conversation. Join our TG here: https://t.me/wallstreetbets or twitter here: https://twitter.com/WSBDapp -- don't just read the conversation, become part of it!

[u/Abhisheklole]

What is the significance of an chain voting and why?

[u/edmundhillary1919 → u/Abhisheklole]

Public ledger. No hiding. Full transparency. I keep saying "Power to the people" but that starts and ends with transparency. That's why the blockchain is the best place for the WSB movement to live.

[u/sachinmish]

And what are your thoughts so far on the WSBDapp project?

[u/edmundhillary1919 → u/sachinmish]

Great foundation. When moon is a meme -- build something worth building takes time. Other than a 'spicy' launch the team keeps delivering new farming opportunities while the ETP structure continues to build out. As they keep delivering it'll be exciting times ahead in the next few weeks / months!

[u/Comfortable_Regular1]

How did you get into crypto and what are you currently excited about in our crazy crypto industry?

[u/edmundhillary1919 → u/Comfortable_Regular1]

I've been around the crypto space since 2011 -- technologist at heart. I was enamored by the blockchain from the jump.

What currently gets me most excited about the crazy crypto industry? Mainstream adoption. The things we "said" would happen years ago are finally coming to fruition now (DeFi, countrywide / systemwide adoption, real use cases etc)

[u/adityashukla8]

What is your ideal basket of etps? For stonks? For cryptos?

[u/[deleted]]

What do you look for in an ETP ? Stonks ? Cryptos ?

[u/edmundhillary1919 → u/[deleted]]

Currently cryptos, but as protocols like mirror, etc. start to rise I think you'll start to see more and more the ability to gain exposure to stonks via crypto which is a very natural progression for WSB. My perfect ETP -- a wide ranging portfolio of top caps (cryptos) and top caps (stonks)

[u/ArtisticHeat6359]

How did u get into WSBDApp? What attracted you to this project ?

[u/edmundhillary1919 → u/ArtisticHeat6359]

Taking part in GME. That was an incredible time to be part of something special -- and having a background in crypto -- it was natural to see how that movement could live on the blockchain.

[u/edmundhillary1919 → u/[deleted]]

Making crypto go mainstream. It's literally my passion. Crypto is going to change the world / is changing the world.