WEBVTT 1 00:00:00.000 --> 00:00:14.900 Welcome back to the Content Suite in Singapore. Today, I am joined by one of the best crypto podcasters in the game, DeFi Dave, growing up in the trenches and now working his way through Robinhood Chain. Before we start, Dave, do you want to give a quick intro about yourself? 2 00:00:14.900 --> 00:00:43.440 Yeah, of course. Hey, everybody. My name is DeFi Dave. I'm a builder, a commentator, and most importantly, a storyteller. I've been in crypto for over nine and a half years and contributed to a variety of DeFi projects, including Frax, [unclear] Redacted, most recently Cap. I had a few podcasts over the years. I'm sure some of your listeners are familiar with Flywheel. And I now do a podcast with DefiLlama guys. So I've just always had my ear to the ground. I love, you know, having my pulse on the trenches. 3 00:00:43.440 --> 00:01:11.880 And when UFG came up, it got me excited again. It felt like DeFi Summer reboot, honestly, with everything that was going on with Robinhood Chain. Like how UFG came about is so organic. It was incredibly emergent. Like somebody I knew from New York circles, not even crypto Twitter circles. He just replied guys to me. He's like, hey, Dave, check out my project. I looked into it. I asked him some questions. I went to Grok. And then once it clicked with me, oh shit, he built like a new novel, on-chain primitive that I haven't seen in ages. And so I naturally started writing about it. 4 00:01:11.980 --> 00:01:23.420 People followed what I was writing and gave him some advice. And then I kind of just like, all right, this is what you need to do. And kind of just stepped into being CEO in a way. But at the UFG, United Founders Group, it's like everyone can be a founder. 5 00:01:23.820 --> 00:01:30.900 We want everybody to rise together. And, you know, that's our whole philosophy, this PvE philosophy that was in the beginning of crypto. We want to bring that back. 6 00:01:31.220 --> 00:01:41.180 Right. I mean, even the name itself talks so much about like this DAO-ification that we had. And I would say an early DeFi and what on-chain governance was supposed to be. 7 00:01:41.320 --> 00:01:50.500 Yeah, I think people were trying to do too much early on. People tried to have like voting. People had all these expectations and assumptions. But you know what we learned in the DAO era? No one wants to vote. 8 00:01:50.900 --> 00:01:52.900 You know, no one wants to do the work. 9 00:01:53.040 --> 00:01:53.120 Yeah. 10 00:01:53.580 --> 00:01:57.300 People's attention spans are too small. And they're only getting smaller and smaller. So- 11 00:01:57.300 --> 00:02:00.000 Governance is a job even if you pay them. Sometimes they won't do it. 12 00:02:00.660 --> 00:02:10.660 Yeah. So you can only, you know, rule people by their incentives. They can only like trust the game theory. Like, hey, how are things going to work out? Which is why I was so excited about UFG. 13 00:02:10.660 --> 00:02:39.260 It's because we're so simple. And basically at UFG, every token that we launch is backed. We're a treasury management platform, basically. And UFG is the first use case of this treasury. So, you know, to give some context here, over the years, we've seen a ton of types of tokens launched. We've seen DAOs launched. We've seen meme coins, celebrity coins. And there's a lot of attention early on given to them. But when that attention fades, the token dies with it. 14 00:02:39.260 --> 00:03:08.420 They live and die by attention. And so, but there's no way to capture that attention early on and save it for later. So here at UFG, we built the immutable treasury, which you can think of as a battery. It stores the energy created from those like early trading fees that's directed in the treasury. So how UFG works is, you know, we launched on ponds a month ago. All the creator trading fees go into our treasury contract. And the UFG token is a claim on that contract. When you claim it, it burns the token. You get your pro rata share and there's a little exit fee out. 15 00:03:08.420 --> 00:03:21.380 And that goes returned into the treasury. So you kind of think of this as an inverse [unclear] or inverse [unclear], where instead of inflation to grow, it's deflation. And, you know, everybody has a different strategy to do things. This is what we came up with. 16 00:03:21.500 --> 00:03:36.620 And, you know, we think this is a lot more sustainable for any token in any community to launch in the future because we don't want like people don't want to like manage things. They just want like they just want simplicity. And I think this is a great start to seed any community out there, both crypto and outside of crypto. 17 00:03:36.620 --> 00:03:59.740 Right. So it's really taking the concept of like show me the incentive and I'll show you the result. Exactly. Right. And the treasury is being used as a balance where people can kind of see expected value or take from it rather than having to buy a governance token that holds it. Exactly. Exactly. So UFG, we're backed by ETH. And you can think of, you know, the value of UFG as yes, there's a treasury. You know, there is almost 80 ETH that's accrued in a month. 18 00:03:59.900 --> 00:04:29.880 It's all our, yep, I know. 80 ETH. 80 ETH just from treasury fees. That's pretty good. Actually, that's a lot more than I would have expected. Yeah. That's all from just trading streams of just UFG. That's all just from trading fees, right? Wow. Just from one token. Just from the UFG ETH pair. Wow. That's impressive. Yeah. Thank you. And you can think of it as in, you know, you got the trading fees or future revenue streams. And also I kind of view that premium as a social premium. It's kind of like in that way, it's a social token. It's like kind of like DeFi Dave social token because this thing wouldn't have existed. 19 00:04:29.900 --> 00:04:37.900 without the DeFi Dave brand in a way for me, like hopping on. So that's kind of like where the premium exists and like gives us a buffer as we develop these revenue streams. 20 00:04:38.040 --> 00:04:47.720 And so the revenue streams that we're developing are, we want to export the immutable treasury everywhere. So we call them sovereign treasuries where every token can have one. So we're working on integrations. 21 00:04:47.940 --> 00:04:51.360 We might have some sooner than you think. Yeah. With different launch pads. 22 00:04:52.160 --> 00:04:56.580 I think you mentioned that the pre current launch pad that you guys were working on is pawns on the chain. 23 00:04:56.580 --> 00:05:05.200 Love pawns. I think pawns started the current meta because how they structured the incentives with pawns with that 1% creator fee, 70% of that goes to creator. 24 00:05:05.400 --> 00:05:11.100 The other 30% buy and burn. Yeah. You know, least amount of extraction. In fact, it grows the pie for everyone. 25 00:05:11.260 --> 00:05:17.560 I think burns are incredibly powerful concepts. Right. And why they're powerful. It's because they put everybody on the same playing field. 26 00:05:17.660 --> 00:05:25.920 Like if someone has an edge, if these fees are being leaked somewhere to like a VC or something like team member or some bundler, like the token will go to zero because someone's going to take advantage. 27 00:05:26.180 --> 00:05:26.280 Right. 28 00:05:26.320 --> 00:05:33.280 But with burns, it puts everybody on the same level. It's like once a token's burned, it doesn't matter if you're the smallest holder or biggest holder, everybody benefits. 29 00:05:33.520 --> 00:05:36.820 And that's the same with the immutable treasury, you can kind of think of it as a slow burn. 30 00:05:36.820 --> 00:05:41.600 And so when somebody claims from the treasury, that's a delayed burn, but everybody benefits. 31 00:05:41.940 --> 00:05:42.420 Right. Yeah. 32 00:05:42.740 --> 00:05:48.040 Tell me a little bit more about how you expect this model to grow, whether it's for yourself. 33 00:05:48.040 --> 00:05:53.000 You've mentioned that this model has worked for you as kind of like a DeFi Dave social coin. 34 00:05:53.140 --> 00:05:53.280 Yeah. 35 00:05:53.720 --> 00:05:55.720 Do you think it'll work for other social coins? 36 00:05:55.720 --> 00:05:56.040 Absolutely. 37 00:05:56.720 --> 00:05:57.160 Yeah. 38 00:05:57.280 --> 00:06:01.640 Who is your, I would say, target audience or like person that you would want to work with? 39 00:06:01.640 --> 00:06:08.020 That's a great question. I would love to work with any hyper online engaged internet community, whether they're in crypto or not in crypto. 40 00:06:08.260 --> 00:06:16.400 So we saw, you know, we've seen this like a few metas where like there's celebrity coins, but the tokens die because once the attention dies, the token dies with it. 41 00:06:16.400 --> 00:06:18.500 And maybe like, because attention comes and goes. 42 00:06:18.660 --> 00:06:21.540 So I'd love to work with these like hyper online communities. 43 00:06:21.540 --> 00:06:29.060 Maybe like if you look on Twitter, there's like Teapot, there's like, you know, a lot of health communities, there's a lot of commentators, there's a lot of video creators. 44 00:06:29.940 --> 00:06:37.060 I think all of them could use this to help basically bootstrap their online community and basically on-chain presence. 45 00:06:37.540 --> 00:06:40.500 And most importantly, invite people in to contribute to it. 46 00:06:40.520 --> 00:06:46.380 Because you see, if you hold the token, you see this growing treasury, you're like, oh, wow, like what can I do to contribute to this treasury? 47 00:06:46.680 --> 00:06:50.140 I'm going to like go about and like, maybe I'll like come up with like my own revenue stream. 48 00:06:50.280 --> 00:06:51.420 Maybe I'll make an NFT collection. 49 00:06:51.900 --> 00:06:54.280 Maybe I'll make, but I'll do it for the benefit of the treasury. 50 00:06:54.280 --> 00:06:57.440 So I had this thesis about lore building is building communities. 51 00:06:57.440 --> 00:07:02.460 It's not from the top down where like the founder tells like, hey, like this is what the story is and what we need to do. 52 00:07:02.460 --> 00:07:03.580 No, it's from the bottom up. 53 00:07:03.580 --> 00:07:06.600 It's the community members co-creating, co-writing the story together. 54 00:07:06.600 --> 00:07:10.440 I really consider UFG, United Founders Group, that's lore building technology. 55 00:07:11.180 --> 00:07:12.400 I can definitely see the vision. 56 00:07:12.620 --> 00:07:21.160 And if someone's building the next Trump token or even any kind of social celebrity token, this does seem a model where it will be less reflexive. 57 00:07:21.440 --> 00:07:23.860 And the token price isn't really just the product, right? 58 00:07:23.980 --> 00:07:24.680 Yeah, exactly. 59 00:07:24.880 --> 00:07:27.180 I, you know, the world on chain is very kinetic. 60 00:07:27.460 --> 00:07:29.440 The world, the modern digital world is very kinetic. 61 00:07:29.440 --> 00:07:37.500 Like you see tweets, impressions, you see burns, you see revenue streams, everyone's kind of, and like, if you slow down like one bit, it's like, it seems like a weak signal. 62 00:07:37.640 --> 00:07:39.160 It seems like it's over, but we know it's not. 63 00:07:39.420 --> 00:07:44.000 But with UFG, what we built with this immutable sovereign treasury, it's a slow burn. 64 00:07:44.000 --> 00:07:49.980 It's kind of like a fortress in the sea of chaos and just, you know, rapid information value movement. 65 00:07:50.540 --> 00:07:55.200 It protects value, it protects capital, and in a way, it saves it for later. 66 00:07:55.820 --> 00:08:03.100 Are there any types of contributions or contributors that you've been surprised by, as well as types of contributions that you want in the future? 67 00:08:03.380 --> 00:08:03.640 Yeah. 68 00:08:04.420 --> 00:08:08.000 You know, I would love to see, there's a few ways to go about this. 69 00:08:08.240 --> 00:08:12.780 So, with the externally, with like sovereign treasuries, we talked about that. 70 00:08:12.880 --> 00:08:19.060 Like other people launch their tokens, and then like we help them launch it, and maybe a small sliver that goes to us. 71 00:08:19.060 --> 00:08:22.780 But also, internally, we want to build this DeFi Innovation Hub. 72 00:08:22.980 --> 00:08:27.220 We want to build the UFG Collective, where different people, you know, they come in with their strategies. 73 00:08:27.380 --> 00:08:28.680 Maybe they have an option strategy. 74 00:08:29.140 --> 00:08:30.740 Maybe they have a BTC strategy. 75 00:08:31.160 --> 00:08:33.500 Or maybe they have like some meme coin edge or something. 76 00:08:33.900 --> 00:08:36.800 But they come together, you know, and they're under the UFG banner. 77 00:08:37.300 --> 00:08:40.020 They run, you know, they run their strategy, send a little bit of a fee to us. 78 00:08:40.160 --> 00:08:40.780 They grow the pie. 79 00:08:40.900 --> 00:08:41.440 We help them. 80 00:08:41.620 --> 00:08:42.180 They help us. 81 00:08:42.560 --> 00:08:44.020 And, you know, that's PvE. 82 00:08:44.300 --> 00:08:45.280 That's how we all grow together. 83 00:08:45.280 --> 00:08:48.860 And that's how we get out of this financial nihilism, like PvP world. 84 00:08:49.100 --> 00:08:53.000 Because I'm a bill, you know, what attracted me to be UFG is I want to believe in something 85 00:08:53.000 --> 00:08:53.280 to go. 86 00:08:53.660 --> 00:08:56.160 And like UFG is believe in something against tech. 87 00:08:56.400 --> 00:08:56.520 Right. 88 00:08:56.620 --> 00:08:59.380 I mean, the same thing as a foundation for this podcast. 89 00:08:59.580 --> 00:09:01.500 It's based on like Squad Wealth. 90 00:09:01.600 --> 00:09:04.680 I don't know if you're familiar, but it's basically, if we're all in the group chat and 91 00:09:04.680 --> 00:09:07.380 Discord, we might as well make money together and lift each other up. 92 00:09:08.420 --> 00:09:12.020 Rising Tide lifts all boats as kind of like the four thesis. 93 00:09:12.560 --> 00:09:17.860 On that note, I'm sure that UFG is talking a lot about tokens, a lot about trends, and 94 00:09:17.860 --> 00:09:19.440 you guys are investing together as well. 95 00:09:19.980 --> 00:09:24.740 Correct me if I'm wrong, but I'm very curious what you are currently interested, maybe trading, 96 00:09:25.040 --> 00:09:25.360 investing. 97 00:09:25.600 --> 00:09:25.640 Yeah. 98 00:09:25.780 --> 00:09:28.400 Where at Token, I'm sure you're talking to a lot of founders. 99 00:09:28.720 --> 00:09:28.840 Yeah. 100 00:09:28.840 --> 00:09:29.960 What is exciting you in the market? 101 00:09:30.260 --> 00:09:31.820 Yeah, definitely a few things. 102 00:09:32.400 --> 00:09:34.880 Right now, it's privacy and Robinhood. 103 00:09:34.880 --> 00:09:38.340 So privacy, I've held Zcash since the beginning of the year. 104 00:09:38.800 --> 00:09:39.540 I saw the vision. 105 00:09:39.960 --> 00:09:41.920 I mean, it kind of clicked with me like, oh, private Bitcoin. 106 00:09:42.140 --> 00:09:42.720 It's like that simple. 107 00:09:43.760 --> 00:09:50.640 And I think the concept of identity is really important and growing in importance, and people 108 00:09:50.640 --> 00:09:51.460 are realizing that. 109 00:09:51.860 --> 00:09:55.100 And so I think things like Zcash and Monero will take advantage of that. 110 00:09:56.200 --> 00:10:00.580 And then with the Robinhood Eco, just because I've been working in it, I feel like Pons is 111 00:10:00.580 --> 00:10:02.160 the arrow of the Robinhood Eco. 112 00:10:02.160 --> 00:10:05.600 You know, like, you know, they were like the first ones really pushing it forward. 113 00:10:06.300 --> 00:10:11.260 You know, they've been building for years, like shout out Ozzy, like grinding nonstop. 114 00:10:11.380 --> 00:10:14.800 And their team is actually people from the trenches that have been trading, which is why. 115 00:10:14.980 --> 00:10:15.120 Really? 116 00:10:15.160 --> 00:10:15.520 Yeah. 117 00:10:15.660 --> 00:10:15.940 Yeah. 118 00:10:16.140 --> 00:10:18.540 Which is why I think it's like a key part to their success. 119 00:10:19.360 --> 00:10:22.700 You know, I really like outside of UFG, I think Bundlecat's really cool. 120 00:10:22.960 --> 00:10:28.160 The Mosh guys, like creating this like AI agent swarm that market makes, like liquidity, because 121 00:10:28.160 --> 00:10:31.800 you know, I think like that's the AI crypto that I want to see. 122 00:10:32.760 --> 00:10:33.200 Yeah. 123 00:10:33.200 --> 00:10:38.760 We've had a lot of founders this week between Surf and GTE is pivoting really hard into AI 124 00:10:38.760 --> 00:10:39.820 agents on crypto now. 125 00:10:39.880 --> 00:10:40.060 Yeah. 126 00:10:40.420 --> 00:10:44.120 And I think that's definitely the future of how do you work with different agents and 127 00:10:44.120 --> 00:10:46.560 get the equivalent of a quant in your pocket, right? 128 00:10:47.460 --> 00:10:47.600 Yeah. 129 00:10:47.700 --> 00:10:47.900 Yeah. 130 00:10:47.900 --> 00:10:48.300 We'll just continue. 131 00:10:48.820 --> 00:10:49.180 Yeah. 132 00:10:49.200 --> 00:10:51.520 But at the end of the day, you could have like the coolest tech in the world. 133 00:10:51.800 --> 00:10:55.420 But if you don't have a soul to your community, if you don't have a buy-in from your community 134 00:10:55.420 --> 00:10:57.260 to believe in something, what good is it? 135 00:10:57.320 --> 00:11:02.960 And I think what we built at UFG is, you know, gives a seed for something that people to believe 136 00:11:02.960 --> 00:11:04.260 in and invites them to create stuff. 137 00:11:04.560 --> 00:11:08.560 So, you know, we'd love to see every, in an ideal world, every token launches within 138 00:11:08.560 --> 00:11:10.100 an immutable sovereign treasury. 139 00:11:10.100 --> 00:11:12.540 And, you know, not every revenue stream has to go there. 140 00:11:12.660 --> 00:11:16.520 Like, you know, I understand, like give operations and expenses, but, you know, at least the trading 141 00:11:16.520 --> 00:11:19.000 fees, at least like give like a, like a seed to something, you know? 142 00:11:19.120 --> 00:11:19.320 Right. 143 00:11:19.480 --> 00:11:23.320 And like something I'm really looking forward to this week is the network state. 144 00:11:23.620 --> 00:11:28.900 And I feel like UFG is definitely a network state play in a certain regard, because as 145 00:11:28.900 --> 00:11:33.320 Balaji said, they need to have an integrated cryptocurrency in order to have a network state. 146 00:11:33.600 --> 00:11:37.480 Well, there's no better way to measure like the engagement of your potential network state 147 00:11:37.480 --> 00:11:41.220 or network union than something like UFG, like an immutable treasury from UFG. 148 00:11:41.400 --> 00:11:45.520 It's like, oh, wow, we like have this reserve and now it's backing our token for our network 149 00:11:45.520 --> 00:11:45.740 state. 150 00:11:45.840 --> 00:11:49.620 And this is like, it's really how like central banking started and country started. 151 00:11:49.760 --> 00:11:53.180 Like think about like hundreds of years ago when like fiat was created. 152 00:11:53.320 --> 00:11:55.060 Fiat wasn't just paper money out of thin air. 153 00:11:55.260 --> 00:11:57.060 It was receipts for gold. 154 00:11:57.140 --> 00:11:58.660 It was like, it was paper backed by gold. 155 00:11:58.760 --> 00:12:01.380 In a way, this is like, that follows in that same spirit. 156 00:12:01.560 --> 00:12:04.360 And then you had the whole fiat world come out, come out of that. 157 00:12:04.540 --> 00:12:04.660 Right. 158 00:12:04.940 --> 00:12:07.020 I'm sure we're going to see a repeat of that. 159 00:12:07.140 --> 00:12:10.660 And, you know, I think UFG has a good chance of being a part of it. 160 00:12:10.760 --> 00:12:11.960 And I, yeah. 161 00:12:12.440 --> 00:12:12.840 Nice. 162 00:12:13.300 --> 00:12:19.220 Before we get into final messages to not only UFG holders, as well as people already in the 163 00:12:19.220 --> 00:12:23.140 community, I'm actually curious if we can spend a minute on Robinhood Chain that 164 00:12:23.140 --> 00:12:23.880 you deployed there. 165 00:12:23.980 --> 00:12:24.160 Yeah. 166 00:12:24.640 --> 00:12:27.520 You've been a part of Frax, Frax's launches chain. 167 00:12:27.660 --> 00:12:29.780 I believe you did cap, which was on MegaETH. 168 00:12:29.880 --> 00:12:30.080 Yeah. 169 00:12:30.160 --> 00:12:34.140 And Robinhood Chain is actually a lot more successful than I think I personally would 170 00:12:34.140 --> 00:12:34.500 have imagined. 171 00:12:35.000 --> 00:12:39.440 They didn't have necessarily integrations to the original like Robinhood user base. 172 00:12:39.660 --> 00:12:39.820 Yeah. 173 00:12:39.880 --> 00:12:42.160 What do you think they might've done correctly? 174 00:12:42.820 --> 00:12:43.320 That's a great question. 175 00:12:43.320 --> 00:12:43.500 Yeah. 176 00:12:43.660 --> 00:12:45.360 Like how did they catch this lightning in a bottle? 177 00:12:45.440 --> 00:12:47.140 I think there's a couple of things that happened here. 178 00:12:47.920 --> 00:12:49.920 One is the timing of it. 179 00:12:50.680 --> 00:12:52.620 You know, I think the trenches are ready for something new. 180 00:12:52.780 --> 00:12:52.900 Yeah. 181 00:12:53.580 --> 00:12:55.940 Two is they had a brand new primitive. 182 00:12:56.140 --> 00:12:57.100 They had stock tokens. 183 00:12:57.240 --> 00:12:58.780 Now stock tokens are not something new. 184 00:12:59.080 --> 00:13:03.160 They've been around for a few years, but they were able to deploy so many that you could 185 00:13:03.160 --> 00:13:05.660 have builders go and create some really fun things with it. 186 00:13:05.820 --> 00:13:08.460 And the third thing is their neutrality. 187 00:13:09.000 --> 00:13:11.940 I think they had like a very soft hand. 188 00:13:12.040 --> 00:13:17.200 They didn't make anything and they were able to attract the best builders and a combination 189 00:13:17.200 --> 00:13:21.920 of like all these different things and this novelty of like all these stock tokens. 190 00:13:22.360 --> 00:13:25.220 And also like it had a little bit of something for everyone. 191 00:13:25.320 --> 00:13:27.100 It's like, oh, if you wanted the trenches, you had your meme coins. 192 00:13:27.260 --> 00:13:29.900 Oh, if you wanted your farms, you had like your DeFi farms and stuff. 193 00:13:30.220 --> 00:13:33.220 So it kind of like brought like all the different classes together and you saw that initial 194 00:13:33.220 --> 00:13:33.680 excitement. 195 00:13:33.900 --> 00:13:36.960 Yeah, yes, it's gone down a little bit, but you know, it's fucking Robin Hood. 196 00:13:37.140 --> 00:13:38.840 Like they're here for the long term. 197 00:13:39.100 --> 00:13:42.940 Like I am sure they have more stuff like cooking under their sleep. 198 00:13:43.440 --> 00:13:43.720 Amazing. 199 00:13:44.140 --> 00:13:48.380 Well, I'm really glad that we got Dave on really working on the forefront of governance as well 200 00:13:48.380 --> 00:13:51.560 as like on chain, cool things happening in the trenches. 201 00:13:52.140 --> 00:13:52.300 Yeah. 202 00:13:52.960 --> 00:13:56.700 Before we wrap up, is there anything else that you want to tell the community as well as 203 00:13:56.700 --> 00:13:57.120 your holders? 204 00:13:57.680 --> 00:14:00.120 Yeah, I really appreciate you. 205 00:14:00.400 --> 00:14:01.520 Thanks for riding with me. 206 00:14:02.040 --> 00:14:05.580 If you want to keep up with anything, if you want to learn about it, you can follow us 207 00:14:05.580 --> 00:14:07.180 on Twitter at UFG DeFi. 208 00:14:07.620 --> 00:14:09.540 Go to our website, ufg.finance. 209 00:14:09.600 --> 00:14:10.960 You can follow me at DeFi Dave. 210 00:14:11.460 --> 00:14:12.940 And yeah, just like feel free to message me. 211 00:14:13.220 --> 00:14:15.040 Like, you know, I'd love to talk to my community. 212 00:14:15.140 --> 00:14:15.940 I'd love to get your insights. 213 00:14:16.520 --> 00:14:18.400 And if I didn't get back to you, I promise I'll get back to you. 214 00:14:18.460 --> 00:14:19.480 I've been really busy this week. 215 00:14:19.900 --> 00:14:20.220 Nice. 216 00:14:20.420 --> 00:14:20.860 Thank you. 217 00:14:21.000 --> 00:14:21.720 Thank you very much. 218 00:14:21.820 --> 00:14:23.760 And that wraps up the content suite. 219 00:14:24.060 --> 00:14:24.500 Thank you, Dave. 220 00:14:24.640 --> 00:14:24.980 Thank you. 221 00:14:25.180 --> 00:14:25.560 Appreciate you. 222 00:14:25.660 --> 00:14:26.120 Yeah.