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June 15, 2021, Online
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The Graph DeFi Keynote
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Tegan Kline
Co-Founder and Business Lead at Edge & Node

Tegan Kline Co-Founder and Business Lead at Edge & Node, Initial team behind The Graph, working to ensure decentralized applications are as easy to build on Web3 and use as the centralized applications on the Web2 today. Tegan is the former International BD Manager and OXT Relations Lead for Orchid, an A16z and Sequoia backed blockchain company that created tools and protocols for users to obtain digital freedom and an open and accessible internet. Tegan successfully helped to launch Orchid at a 400m valuation. Tegan's professional experience has been with Fortune 500's & startups, prior to Orchid, Tegan was the Executive VP of a patent marketplace powered by blockchain, analysed by AI. She began her career in Investment Banking at BAML and, prior to discovering blockchain, worked in Sales & Trading at Barclays. Tegan is working to redistribute resources and income using blockchain and AI with Nature 2.0, Co-Author and Partner of Blockchain Code of Ethics, Head of the U.S. for Triangles, a group that supports female founders and Ambassador to Buckminster Fuller Institute, helping to make the world work for 100% of us. Tegan helps leaders and innovators connect more deeply with stakeholders across the blockchain ecosystem for the world of tomorrow. Tegan's interest in the knowledge age can be contributed to seeing how automation is rapidly depriving humans their access to basic human rights.

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As mentioned, I'm chatting today about the graph which is a blue-chip web3 protocol and the graph is the backbone of web 3 + / + of teased out as many other things within the walkthrough space. So why aren't you to Wed three? So what does it look like? What is web to what is my 33i consider? Anything within the decentralized web and web to is really the centralized web that we know and use it today. So the internet wasn't created to monetize data or sell people

as, but that's what it does because that's what it's incentive eyes to do. And so with web, three were flipping knot on his head, where empowering individuals, and the graph is offering decentralised infrastructure. That brings brilliant new mines into an environment that allows individuals to Be compensated to measure it to the value. They bring. I think that's one thing that's that protocols to you, because there's no no centralized company at the middle of that, that's taking those profits. So do you buy in Westbury? I think Webb Wesley is a future. Web 3 is inevitable

and it's going to change the course of how everyone interacts on the internet. And what is the grass? So, the graph is a decentralised indexing inquiry protocol. That's powering most of the applications in defy and the web 3-phase today. And you can kind of think of the grass like this open data layer that fits on top of blockchain. And right now, the graph supports over 22 networks. So if the area of a theorem Avalanche fellow Phantom Lair to use like Arbitrage, I'm also a side chains like polygon

formerly called Matic. So the graph is there to kind of be this connective tissue and help with interoperability at that indexing and Cleary layer. And so the graph allows for developers to access blockchain data and serve that data. It's their users. So no matter the underlying technology, those different blockchain. The graph is there to support an abstract that complexity away. So that developers can focus on building really great and really beautiful application. And so that block changed and become the future of the internet. And so

Bitcoin really revolutionizes money as a Kathy Rihanna in the grass revolutionize. The internet revolutionized Finance. In the graph has become a default part of the stack. So the graph is the decentralized indexing in query layer, that sits on top of blockchain that developers then build with to build really great vibrant application. And so the graph is powering most of the applications in the Box in space today. So uniswap synthetics lies to your house. To Central and all day. I know so many many are, there is almost every application that we know and love

the graph. Is there using stuff crafts with the grass and some grass are open apis. So, crazy eyes are open, not close like a LinkedIn. For example, LinkedIn API is closed, even though that's our data, Facebook data is also closed their eyes closed, even though that's our data, they own that, if yeah, they own that data. And so with some graphs that data is open. So that anyone can use those subgraphs to build their application. And so, what this does is, At least you kind of like Lego building blocks so that you know, the uniswap subgraph is used by many different people

like that. Go and different wallets like the rainbow wallet. Do it really allows for other applications to benefit from that open data. And so ever say what the Steve I wouldn't have been possible. The most Divine applications are using the graph. They're pulling that data. And right now, there's over two billion station to drops Network and a majority of that that TV, let's take daddy by is flowing through subgraph. When Deep dive is, how uniswap uses stop graft. So uniswap, for those of you that don't know is a

decentralized exchange and Ian one of their developers that focuses on Sawgrass taught you to throw a really great blog post recently on how uniswap pulled their data, from the grass from subgraph. And so you can see here that trade volume on the total Equity, the number of transaction. All of that is blockchain data that uniswap uses subgraphs to pull to pull that day. So then allow us as users of units, lot to be able to see that data in real-time. So the graph is kind of unchain real-time data and then people say it's kind of like the

opposite of what of what is chain link is bringing real-world data and bring it to. The blockchain, will the graphics link bringing blockchain data to the rest of the world, and the grab actually partners with chain link. So that all achievements Oracle data can be index in Coeur. Viagra. This is just another example of uniswap at the VCU. You to talk to me, 3 is also pulling data from the graph of many different. Some graph examples are like synthetics use the restroom with everything, including even use that for governance and end many different thing. This chart here shows the

grass, query volume on the grass hosted service and we stay consistent growth. Month-over-month in May and this is actually knew numbers. But in last month, we the grafted 25 billion queries and there are over twenty thousand developers that use the graph. And those developers have created over 16,000 subgraph, and some grass or a proxy for up for Dots or application, medical applications can have more than one slug grass as we saw at the example of Eunice love. So it's not a direct number, but it is a proxy and

then we've seem consistent growth. So between 22, The 70% month-over-month in each of those three areas and then to date, the graph is actually processed over 130 billion queries. And just showing you, the guy said around 4 or sometime, the idea was conceived three years ago and the grass posted service started two years ago. And so sends starting, this is how many queries the hosted Services process and was pretty remarkable. Is that 25 billion of those were in May? So just shows how how much growth we've seen. And I think that speaks to you a lot of the growth within the

web for your blockchain space as a hole. So this kind of goes into a deep dive on those queries. So you can have a ton of different types of queries across many different use cases, until we see here that actually 90% of those queries are within defy. And this is a snapshot from q1. So this could have shifted, maybe we've seen more activity. Thousand at a few cents just because they've been to areas that people have been really excited about and growing a van in the shows you that 2.6% are out of teas that those queries. And then 1% of those queries are

doubt. And then this breaks it down by sub vertical. So we can see that 79% came from a Anna. That's really where a lot of the queries are happening. But also 5% within stablecoins 4% within the aetherium network, 2.2% in arts and collectibles, onf to you, and then the smaller amount and derivatives Insurance lending Dow's wallet and Beyond. And then this shows it by defy vertical. So we see that within that, defy section that 88% of those were amm and then,

stablecoins Insurance derivatives Asset Management taking So the graph is a protocol and the graph has been building for the centralization since Inception three years ago. The grass has a token and that is a g r t token and that the utility work token to be used in the grass Network. And there are many different ways to participate and the graph Network and earn GRT for the work that you bring to the graph ecosystem. And I think with protocols I think Protocols are going to eat the world. I think this is only a fraction of what we've seen with

protocols. I think we're going to flip the work model on its head. He will be able to work for ideas and protocols as opposed to just centralized company is going to think we're already seeing that with how many people participate and so many different projects example, I can lend on uniswap as a liquidity provider. I can participate as a delegator in the draft Network and earn passive income and I can do so many other things within. The blockchain space that you can work for ideas and protocols instead of just working for a centralized company, which I think is really

powerful. This is just an image that breaks down that those token economics, even further. So indexers consumers are in the grass Network. And these are the different roles as an indexer, delegator and curator. You can earn GRT and then the consumer is the one that are, are the ones that are spending here to you. So indexers, those are no operators. This is the most technical roll and operators in the graph ecosystem. It's not passive. So they're spending at least 5 hours a week. Maintaining their

in Dexter know. And a lot of these index cards have a big team behind them. It's not like you just been up a Raspberry Pi and let it run. It is quite involved. So anyone who enjoys devops, who is Mickey makes a gray and Dexter and then the curators. So, with a open decentralised permission list Network, like the grass, anyone can create a subgraph So I could create a device Emmett subgraph the device Summit organizers to create a device Summit. Subgraph. How would the indexers know which subgraph they should stay gone? That's where the curators come in.

Do the curators. I call them open data off of binders because they're the ones that have the skill sets of the traitors in the investors, in this ecosystem. Looking for cool and new. Some graphs that are coming up. For example, if I know you miss us launching before I'm going to make the Ghana bonding curve. As soon as that subject lunch is on the graph Network so that I can learn or doing that and right now in the grass Network. Ours are in about 10% of the g r t. And then you have the delegators. This is the least technical roll. The delegators are

delegating GRT to the indexers that they try to help secure the network and also help give those index. There's a larger stake and then he's in Dexter's, that's their own model around. How much they're going to share with the delegator. For example, some only take 30% of the fees others, take a much higher amount like 90%. So as a delegate are the most important thing that you do is make sure you choose the indexer and understand the indexers economics or delegating to them. And then, another piece in the group network is delegated, actually can't be splashed.

And so, you're a delegated steak is not at risk and exercise can be slashed. If that's an important thing to notice. If you are an index around the golf Network, you need to ensure that you are behaving to avoid being slashed and delegation right now on the graph Network. You can earn around 10% depending on which index you choose. And that's a t y. And then on the other side of this, you have the consumers. So the consumers and the current states, are that the adopted Oliver's that actually chosen, or are likely to choosing to take on the query fees on

behalf of their users to reduce friction and so consumers, pay GRT for queries and do a lot of these. Developers are likely going to pay for queries on behalf of their user, but how this could look in the future. It's very similar to how gas cost work and if the area and there's I guess product launches and and if your items that are coming up around this so stay tuned. And I'm glad that we think love story is going to be massive. It's going to be larger than the internet. We see today. I think there's already an accident from what, two into web3

Edgenuity recently. Hired, someone he was managing 100-person, engineering team at Google another person who is managing 100-person, team at Air B&B. I recently joined us from a lot of really, really talented. People are leaving their centralized web to company jobs and joining the web free movement and that's just with an edge and note, imagine what that looks like and your people that are leaving to start their own protocols and about 3, so, I think the future is really bright and I think that when three is at this point and a vegetable

This is just a snapshot of the graph ecosystem. So right now there's / 2.8 billion, GRT States. There's only 10 billion, total GRT. So this is quite a high number is 28%, currently state in the gas Network. You can see more of this at the grass, if you're interested and you can also see the different indexers in which a graph, they are in. So, what's next for the graph? There are, there's an upcoming launch around the sub graphs that are going live on the graph Network. So stay tuned for that. Their query fees will be

flowing in the graph Network very soon. And then there will be an upcoming product launch that will really bring the Grafton Ferry full date, and I'm really looking forward to that carries and we'll be launching soon with that product launch. So, how can you help us? Build a future. There's many different ways. You can get involved. If you like devops. I recommend indexing delegating. If you are not Technical and went to help secure the network and earn passive income curation, which is coming soon. If you have your finger on the pulse of different projects that are launching, you

would make a great curator the grass Foundation. Also provides quarterly grab the last round that they died. They actually allocated five million dollars worth of trt two different projects building in the ecosystem. And one thing that we are you really that we really try to do is we are creating a new Financial system. We're creating a new internet and we need all voice as they're on the table. So you can earn a grant. If you're not technical, if you just want to focus on building Community or marketing, you can apply for a grant with the Casey eyes. And also if you're

if you are Technical and interested in building some graphs that is Symbols for a grant with the foundation for also hiring. So if you're interested in Pirateland and being hired at Edge and note, you can find our jobs at juno.com sign, of course, joining the social media and the Twitter is growth protocol and the telegram is also got protocol. You can basically find the graph using the grass protocol handle at on any social media platform. So thank you so much. I'm not sure if you have time for Q&A, but happy to answer any questions if there were any

Hey it again. Yeah, thanks. Thanks again for giving us kind of like a full overview of the graph to that. We got a few minutes as well to in terms of a Q&A questions to anybody from the deep by Sumit, Rai have some questions that we can definitely relate over and yeah. So there was one question on when will the graph be leaving centralized AWS? So the question is around the hosted service. So the hosted service doesn't rely on AWS, but it does rely on a few different with in the ecosystem and that is 30 centralization takes time. And

so we got been doing Progressive decentralisation over the past three years. And so add those subgraphs migrated over from the hosted service to the decentralized network, will see you more and more of that. And then over time the hostess service will actually be deprecated. So you'll see those of gas migrate over very, very cute. Awesome. Thanks for sharing that too. I think that's like an important point to that. People forget to realize. It's like, you know, that there is that progression of the centralization in the you look at many projects out there, still to like, it's the still gradual

thing and jumping to fold the centralization. See, without making sure that things are stable and in fully, you know, I'll read it to you to work or be hosted as well to is still. It's still early for everything they were doing. So I definitely seen that from other projects and also past projects as well to you. So I'm preparing the NFL Twitter in my DMs are open in and I will make sure that we shared all the bolts for both the graph as well as chicken as well.

And I think a bunch of spitting at the defense of it. Thank you so much. See you soon.

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