Hey, Bangladesh Nation. Welcome to another episode of State of the Nation. We're super excited

to talk to you guys a little bit about the Element Air Drop. Element. This is a DeFi protocol

default. DeFi primitive. We've talked about them before on Bangladesh. Basically fixed

interest rates. A new sort of DeFi primitive. And there's actually a lot to unpack with this

Element story. So David, I know you've got three things that you think are going to be super

valuable alpha in this conversation that we're going to cover. Can you talk about those and

the guests that we have on today? Yeah, yeah. This is not your typical Dow launch. While

that is where the conversation begins, it is certainly not where the conversation ends.

Element with a launch of Element Dow is bringing a lot to the table. First, they have a brand

new money Lego governance primitive that all Dow's are freely able to use and plug into.

They explained it to me yesterday and I'm already pretty well convinced that this is going

to become the new standard when it comes to Dow governance tokens. It's called a voting

vault and it allows you Ryan to have your cake and eat it too. At least when it comes

to yeah, cakes great. So we're going to take we're going to unpack what a voting vault is

and why we think at least why I've been convinced that basically every single Dow is going

to adopt a go voting vault structure. Second, they are also pioneering a Dow governance model,

a new governance structure, which they think is faster and more effective and more efficient

at governance, which is something that all Dow's need to improve and iterate on. But

lastly, Ryan and most importantly and most excitedly, they're going to show us how we can

get exposure to the merge. Like you said, is a fixed interest. Upside exposure right? Upside

exposure. Yeah. Or maybe the inverse. If you say I don't want the inverse, why would

anyone do the inverse? But okay, as you said, like element is a fixed yield interest rate

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