#71 (AMA) The Future is Here: Nibiru V2, Omni-chain Astrovault, Outbid, and the Astrovault Vision

2025-02-07 · 10 min read

This AMA with Nibiru and Astrovault explores key developments and future directions. The discussion covers Nibiru's V2 launch and EVM integration, the benefits of liquid staking with stNIBI, and how Astrovault's xNIBI farms work. Learn how Astrovault facilitates cross-chain liquidity and asset transfer, and get details on Outbid, their novel launchpad platform. This conversation provides valuable insights into the evolving partnership between Nibiru and Astrovault and their contributions to decentralized finance.

🎙️ Speakers: Unique Divine (Nibiru), Eric Waisanen (Astrovault), IBCDecentral (Astrovault)

Introductions & Setting the Stage

Unique Divine 03:17:

Hey, everyone. Ready to get started? I think we have everyone here from the Astro Vault side and from Nibiru.

IBCDecentral 03:23:

Yeah, good morning, good afternoon.

Unique Divine 03:32:

All right. Awesome. So, we’ll touch on some updates from the Nibiru side and also any updates on Astro Vault’s deployment. I’m particularly interested in learning about the farms.

IBCDecentral 03:56:

Greetings, everyone, and thank you, Unique, for having me here today to help co-moderate this space. This is a big one, in my opinion, because it involves two of my favorite projects in the Cosmos ecosystem.

On one hand, we have what is possibly the fastest, most cost-efficient, and most advanced EVM network in the ecosystem—Nibiru. As anyone who follows Astro Daily or the other spaces I co-host knows, I’ve been excited about all the great deployments coming to Nibiru. My interest really peaked when Astro Vault launched its partnership with Nibiru.

As everyone familiar with Astro Daily knows, Astro Vault is the value-capture DEX in the Cosmos ecosystem. Its model is unlike any other DEX I’ve seen—it’s truly a piece of work. We have both Eric and Ethan from Astro Vault here today. How are you guys doing?

Eric Waisanen 05:21:

Good. Thanks for having us, Unique. Great to see you, Mike. Thanks for hosting again.

Nibiru V2 Launch (Nibiru EVM)

IBCDecentral 05:27:

Thank you. So, Unique, I’d like to start with you. Over the past few weeks, I’ve seen a lot of exciting updates from Nibiru, most notably the finalization of the V2 launch. This is huge—it’s what we’ve all been waiting for. What can you tell us about Nibiru EVM? How close are we to actually using it?

Unique Divine 06:06:

Funny enough, the governance proposal to transition from V1 to V2 is already up. If everything goes smoothly, we’re looking at a timeline of just a few more days—people could see it as early as next week.

That said, we don’t see this as the final launch. We recently published an update outlining the different stages. We’re calling this phase "Mainnet Beta." This means the core logic necessary for setting up infrastructure will be in place. Technically, developers who are familiar with EVM can start using it right away, but there will still be a transition period of a few weeks.

During that time, we’ll be setting up bridges, registering and deploying tokens that don’t yet exist, and handling other infrastructure-related tasks. For example, after the DEXs are deployed—like Astro Vault, which is built on CosmWasm—we can integrate it with EVM. We can deploy a Solidity contract that connects to Astro Vault, allowing users to access it seamlessly.

So, a lot of that integration will happen during this Mainnet Beta period. It’s an important milestone, but there’s still UX work to do before it’s fully accessible to retail users.

Right now, we’re focused on additional testing to ensure there are no issues that would make us delay the release. We've done thorough audits, and the team feels good about the version we’re launching.

We’ve also published research on upcoming improvements to the chain and revealed more of our long-term roadmap. Happy to expand on any of that.

IBCDecentral 08:12:

Yeah. So I saw that Nibiru has completed two audits and finalized the codebase. As you just mentioned, the EVM launch is coming up soon. What can you tell us about some of the projects deploying on EVM, and which ones are you most excited for personally?

Unique Divine 08:37 :

Yeah. One that stands out is the integration of MIMSwap and Abracadabra. That was a DAO proposal that got accepted, at least for the first phase. This will create opportunities for leveraged yields and introduce MIM into the ecosystem, which is useful because it adds stablecoin liquidity that can flow into perpetual markets and other dApps.

Another major one is Oku’s deployment of Uniswap contracts. Astro Vault is already live, but with EVM, it expands further. For example, xV can have an ERC-20 representation, making all of Astro Vault’s features—like stable pools and new liquidity pools—accessible on the EVM side as well. In a sense, a new version of Astro Vault is automatically enabled just by us upgrading to EVM.

We’ve also made our Oracle available through Chainlink’s interfaces. This means a lot of applications can integrate Nibiru’s native Oracle as if they were using Chainlink, without needing to modify their code. LayerBank, in particular, is looking to take advantage of this.

For a more comprehensive list of upcoming projects, I’d recommend checking out the ecosystem updates page—it should show up if you search for “Nibiru EVM updates.” That page includes a table covering a wide range of deployments.

Some highlights include Bema, Nexus Network, various explorers, LayerZero, and multiple types of DEXs. These range from standard Uniswap V2-style DEXs with liquid LP tokens to concentrated liquidity models and Uniswap V4-style DEXs with hooks—SilverSwap, for example, falls into that last category.

So those are just a few key highlights. There’s a lot happening.

IBCDecentral 10:58:

No, that's awesome. Over the past couple of months, we’ve seen a lot of announcements and deployments for new apps, products, and services launching on Nibiru. Considering that Nibiru has been around for less than a year, the growth and advancements have been astronomical.

One of the challenges, though, is that while the Nibiru team is out there building and advancing the network, I don’t think a lot of people in the broader Web3 space fully understand what Nibiru brings to the table. That’s one of the reasons I’m excited to be involved—helping to spread awareness about the ecosystem. There’s a lot happening, and the network is growing and evolving at a rapid pace.

Liquid Staking and stNIBI

One of the things that really caught my attention was how, in the Cosmos ecosystem, networks typically launch, people stake their tokens to secure the chain, and then realize they don’t have enough liquidity left to participate in DeFi. Their assets are locked up.

Nibiru addressed this right from the start by launching the stNIBI token, ensuring that users could both secure the network and participate in DeFi. I was especially pleased to see that Astro Vault will be the first DEX in the Nibiru ecosystem to support stNIBI. Can you tell us more about the stNIBI token and what this means for the partnership between Nibiru and Astro Vault?

Unique Divine 13:13:

Sure. If you guys remember from a previous space, Astro Vault runs validator nodes and supports a liquid staking derivative called xNIBI, which is built into its protocol. stNIBI, on the other hand, comes from Eris.

Eris is a team that initially started on Terra. Their liquid staking protocol is built using CosmWasm contracts and has been deployed across multiple chains, including Nibiru. It supports a voter escrow system, allowing users to influence validator delegation while operating as a fully decentralized liquid staking solution. Since it’s designed for Cosmos-SDK chains, it can be easily adopted by other networks as well.

One of the reasons we were interested in this early on is that a massive amount of liquidity is locked up in staking on Cosmos-SDK chains. That capital can’t be used to support DeFi applications. A lot of users hesitate to stake because of the unbonding period, which typically lasts two or three weeks. Liquid staking addresses both of these issues.

Another benefit is decentralization—ironically, liquid staking can improve it. Many users naturally delegate to the top validators, sometimes concentrating too much stake in just a few. With liquid staking, delegation is managed through a protocol, which helps distribute stake more evenly across the network.

Beyond that, stNIBI creates more usable collateral for DeFi, which can be integrated into DEXs, lending protocols, and other applications. This makes it easier to bootstrap TVL in the ecosystem.

I think Eric will be touching on the farms next, but that’s the overall impact of stNIBI on Nibiru and Astro Vault.

IBCDecentral 16:03:

Yeah, that has always been a point of contention, especially in the Cosmos ecosystem. Everyone wants to stake and secure their network while also capturing inflation rewards. But often, this leaves them with little to no liquidity to participate in new products and services launching on-chain—aside from whatever staking rewards they claim.

As you mentioned, the typical unbonding period in a Cosmos-SDK chain is about 21 days, though some chains have shortened it to 14 days or so. Still, that’s a long time to wait for liquidity, especially when opportunities arise.

xNIBI and Astrovault's Role in Staking Derivatives

Liquid staking derivatives are essential for many networks, and I think they’ll serve Nibiru very well. But liquid staking can function in different ways. You just explained how stNIBI works—Eric, can you introduce xNIBI and explain how it fits into Astro Vault’s overall model?

Eric Waisanen 17:26:

Yeah, great point on stNIBI and staking derivatives. One thing that should be highlighted for Nibiru is that most activity will take place on the EVM side, while staked tokens exist on the Wasm side. That makes it even more important to bridge staking derivatives into the Ethereum-native side of the ecosystem—something most Cosmos chains don’t support.

xNIBI is also a staking derivative, but we do things a little differently. Instead of auto-compounding so that users maintain their staking rewards, our approach is that applications themselves should secure the chain and benefit from the TVL they attract.

So, xNIBI does not rebase—it stays 1:1 pegged to the NIBI token. Astro Vault’s DAO earns the staking rewards from the liquidity it attracts. In turn, we distribute AXV rewards to xNIBI liquidity providers, effectively ensuring that those contributing liquidity to the DAO become the DAO.

IBCDecentral 18:31:

It's a crucial call getting the wheel moving—no doubt. I really like how xNIBI derivatives function, especially the way revenue sharing and value distribution work within Astrovault, particularly in the farms.

Can you explain the relationship between xNIBI, the Astrovault node on Nibiru, and how it impacts the xNIBI farm that distributes NIBI rewards?

Eric Waisanen 18:57:

Yeah. Instead of just using default Wasm-based staking, we primarily use xNIBI within Astrovault to represent staked tokens. The liquidity is also staked, similar to what we discussed with stNIBI.

The xNIBI tokens are specifically staked through the Astrovault node, but we relay the governance power to xNIBI holders, which will be expanded with our upcoming multi-chain governance upgrade.

As we earn NIBI staking rewards, we distribute AXV to liquidity providers. The NIBI staking rewards are split:

20% goes to AXV stakers, who can stake AXV on Nibiru to earn a share of those rewards.
80% is allocated to protocol-owned liquidity, which we use to continue expanding

NIBI-based liquidity within Astrovault.

Astrovault: Revenue Capture and Cross-Chain Liquidity

IBCDecentral 19:49:

So at its core, Astrovault is this circular value-capture and revenue-sharing model that benefits xNIBI holders, liquidity providers, and the broader ecosystem.

For those who have been following Astrovault Daily or any of my recent spaces, we’ve focused a lot on the AXV-NIBI farm, which recently launched. The APRs have been fantastic, and as more people stake their AXV tokens in the farm, they earn more NIBI rewards.

Then, you can take your NIBI tokens, mint stNIBI, or vice versa—depending on how you want to utilize your NIBI.

Eric, can you give us a deeper look at how these farms operate on the back end? Also, what other use cases are available, and are there any future farms coming to the DEX?

Eric Waisanen 20:47:

Yeah, the farms are super straightforward. We earn revenue directly from our liquidity. Yes, we generate trade fees from volume, but unlike most DEXs, which are limited to only trade fees, we also tap into staking rewards based on the TVL we attract.

For example, however much xNIBI you see, that exact amount of NIBI is staked to our node by the protocol. The staking rewards earned are claimed every three days and sent to a bulk distributor, where:

80% goes to the protocol-owned liquidity wallet, which is then deployed into liquidity positions.
20% goes directly to the AXV-NIBI farm, distributing rewards block by block.

It’s a simple model—every three days, we claim staking rewards and distribute them to AXV stakers.

There’s no lockup period right now. We plan to introduce lockups and more complex governance structures once we roll out governance power, but for now, it’s as simple as: stake AXV, earn NIBI—no hidden fees, no restrictions, just straightforward rewards.

As for future farms, we’ll be adding more as we support additional chains. Dex and Plank are already looking to move their liquid NIBI, and we plan to deploy more liquidity on Nibiru, as we’re very bullish on the ecosystem.

Additionally, as we expand to more Layer 1s with their own x-derivatives, we’ll introduce new farms, allowing users to stake AXV to earn various rewards. We’ve also discussed integrating with DAOs that have their own staking contracts, meaning that in the future, if a DAO launches a staking contract on Nibiru, we could create custom vaults to support their Layer 2 tokens.

IBCDecentral 22:36:

That's awesome. Both Nibiru and Astrovault are approaching their one-year mark since launch. They both started in one of the worst bear markets the crypto space has ever seen—arguably the worst, but we could debate that all day.

One of the things I focus on, especially during these bearish periods, is who is building, who is expanding, and who is growing. Watching the evolution of both Nibiru and Astrovault over the past year really caught my attention, but what stood out even more was seeing you collaborate. I honestly can’t think of a better partnership between a network and a DEX than Nibiru and Astrovault—it feels like they were made for each other.

For those unfamiliar, Astrovault had its humble beginnings on the Archway Network. Since then, it has expanded into a multi-chain value-capture DEX operating across multiple networks. Right now, users can seamlessly move liquidity between Archway, Neutron, and Nibiru, with more networks to come.

In the long run, this will be a huge advantage for the Nibiru ecosystem. It allows users who have liquidity on other networks to easily migrate to Nibiru and take advantage of the applications, products, and services being built—all with just a few clicks from the Astrovault dashboard.

The value proposition here is massive for both sides. Given the rapid growth of both Nibiru and Astrovault, I expect things to scale up quickly over the next year. Go ahead, Eric.

Expansion Beyond Cosmos

Eric Waisanen 24:46:

Yeah, thank you, Mike. Fundamentally, we talk a lot about Cosmos, but EVM is outpacing it in terms of liquidity and tooling. Right now, all the real deal flow is happening on Ethereum. In the Cosmos space, people often say, "But the tech is better." That’s true—but only if it's positioned correctly.

What we believe in with Nibiru is that Cosmos tech can actually service EVM clients, EVM liquidity, and EVM deal flow better than Solidity. Ethereum contracts, L2s, and chains have done well, but we can bridge their tokens and liquidity faster.

As aggregators, automated deal flow, and AI-driven agents become more prevalent, we think Cosmos tech will handle Ethereum’s deal flow better than Ethereum itself. I work a lot in the Ethereum space—I’ll actually be presenting at ETHDenver on some of the work I’m doing with AI LLMs, insurance, and reinsurance. All of that is being funded and built on Ethereum.

If we want to capture that liquidity and activity within Astrovault, we need to position ourselves for automated access to these opportunities. So, what Unique talked about—Nibiru launching EVM essentially being a redeployment of Astrovault with all-new availability and tooling—cannot be overstated. That’s a huge deal, and we’re actively working to make it happen.

IBCDecentral 26:27:

That’s fantastic, and exactly what I like to hear. Astrovault already has an advantage over most DEXs in a key way.

When Nibiru launched and Astrovault became part of its ecosystem, I was excited because I knew migrating liquidity from other Cosmos chains would be seamless. Instead of the usual hassle of withdrawing from one network, moving to another, and redepositing, Astrovault simplifies everything.

With just a few clicks on the Astrovault dashboard, I can move AXV from Neutron or Archway straight to Nibiru, swap into NIBI, and immediately participate in Nibiru’s farms. My personal favorite right now is the AXV-NIBI farm, which has had extraordinary APRs over the past two weeks. Of course, as more people jump in, the APR naturally drops a bit, but it’s still fantastic—and there’s plenty of room for more users to participate.

Looking ahead, as Nibiru V2 launches and more applications and services go live, such as Nebula, what new farms and pools can we expect on the Nibiru side of Astrovault? Do we have anything confirmed beyond stNIBI?

Eric Waisanen 28:28:

Nothing is officially confirmed yet. However, we’re going to collaborate with as many new projects as possible.

For one, we’ve got Outbid, and we’re happy to facilitate more launches, deal flow, and funding for new applications. This, in turn, helps us build protocol-owned liquidity in these DAOs, which we can use to bootstrap liquidity pools.

Additionally, we already have the highest Gravitate multipliers. If you haven’t noticed, while there isn’t a huge amount of liquidity on Nibiru yet, the incentives for trading on Nibiru are very high right now. It might be worth checking out.

We’re going to continue leaning into higher APRs, boosted reward weights, and multipliers for assets launching on Nibiru. Because of that, we expect to onboard a significant number of new listings as applications launch on the network.

IBCDecentral 29:16:

I’m glad you mentioned that. For those who don’t know, Gravitate is Astrovault’s revenue-sharing redemption mechanism.

When you swap on Astrovault, instead of simply paying fees like on other DEXs, you actually get some of those fees refunded in the form of Gravitate, which is redeemable for AXV tokens. So the more you swap on Astrovault, the more AXV you ultimately earn back.

The redemption rate for Gravitate varies by network. For example, when the AXV-NIBI farm launched on Nibiru, I wanted to purchase more AXV to stake in that farm. Since I’m already in several farms on Archway and Neutron, I compared Astrovault’s Gravitate redemption rates across networks to see where I could get the best value.

Nibiru’s rate has been exceptionally high, so I’ve been purchasing most of my AXV on the Nibiru side because of that.

Go ahead, Unique.

Future Pools and Token Integrations on Nibiru

Unique Divine 30:45:

Oh, just to add some context on future pools and potential farms—Astrovault has the ability to handle IBC assets and convert ERC-20s back into the Cosmos bank standard, making them tradable on Astrovault. Because of this, many new pool creations will depend on the dApps launching on Nibiru.

Right now, our business development (BD) team is prioritizing structured products and onboarding interest-bearing or yield-bearing tokens. For example, we’re working on syrupUSDC from our Abracadabra integration, which is a yield-bearing stablecoin. We also touched on MIM earlier, but we’re looking at other assets as well—like USTD, allowing users to earn treasury yields.

These types of assets make sense as new pools for Astrovault. And now that EVM is live, you’ll also be able to create pools for ETH, Bitcoin, and more. Of course, we’ll work closely with the Astrovault team to determine which pools make the most sense in terms of liquidity and trading volume growth, but overall, the door is wide open for nearly any asset to be listed on Astrovault.

Eric Waisanen 32:18:

We love the idea of supporting top-tier ERC-20s with our hybrid pools and concentrated liquidity pools, which offer more precision than even Uniswap V3 and V4. It’s going to be exciting.

IBCDecentral 32:33:

Exactly. What really sets Astrovault apart from other DEXs is its ability to seamlessly facilitate cross-chain swaps and move liquidity across ecosystems from a single hub.

So far, Astrovault has focused on expanding within Cosmos, but with Nibiru’s EVM, entirely new opportunities open up. Just speculating here, Eric, but the possibilities seem limitless—whether it’s Solana, Avalanche, or others.

Of course, this won’t happen overnight, as it requires significant development effort, but considering how the AXV token operates with a mint-and-burn mechanism, theoretically, any ecosystem is fair game, right? Could we eventually see AXV enabling seamless liquidity migration across any ecosystem in the future?

Eric Waisanen 33:45:

Sorry, can you say that one more time? I kind of missed that.

AXV as a Multi-Chain Digital Asset

IBCDecentral 33:48:

So with the way that Astrovault is deploying across multiple networks, and the potential to expand into ecosystems like Solana or Ethereum, the AXV token's mint-and-burn mechanism allows liquidity to move seamlessly between ecosystems.

Eric Waisanen 34:14:

Yeah, that’s actually made possible by how we deployed on Nibiru.

In our previous deployments, when you use Astrovault cross-chain, for example, swapping from Archway to Nibiru, what happens is that we burn AXV on one chain and mint it on another. We built our own IBC relayers to handle this, following a framework similar to Circle’s CCTP—though we developed it independently.

Token routing through IBC is extremely complex because it involves bridging and wrapping, even though we don’t explicitly call it that. As we expand beyond Cosmos to networks like Solana and Ethereum, the challenge is figuring out how to issue AXV natively on those chains. It becomes increasingly difficult and expensive, requiring the use of different bridge architectures.

This is where Nibiru’s token framework comes into play. Nibiru supports a Token Factory, allowing us to issue AXV as a native asset on Nibi instead of just a CW20 token like we have on other Cosmos chains. Nibiru’s Token Factory is significantly more advanced than what’s available on most Cosmos chains.

Because of this, the AXV token on Nibiru will act as our main version, capable of bridging out as an ERC-20 token and even directly to Solana. Essentially, this makes the Nibiru deployment the foundation for our multi-chain expansion.

Even though we deployed AXV on other chains first, those versions will now be secondary to the Nibiru-native AXV, which will serve as our core token standard moving forward. This setup allows Astrovault to expand beyond Cosmos and truly become a multi-chain DEX, whereas most other platforms struggle with the cross-chain complexity.

So yeah, Nibiru is now the central point for AXV, enabling us to take Astrovault everywhere.

Outbid, AI, Fair Launches, and Onboarding

IBCDecentral 35:57:

And that’s what I love most about Astrovault. One of the biggest hurdles in DeFi, for both new and advanced users, is moving liquidity across ecosystems.

High bridge fees, multi-step routing, and clunky processes often frustrate people to the point that they just give up and use centralized exchanges. Even then, they still have to deal with multiple wallets and manual transfers to get from point A to point B.

Astrovault is solving this problem by making liquidity transfers fast, seamless, and cost-effective, no matter which ecosystem you're coming from. That alone is one of the biggest game changers compared to other DEXs.

When Astrovault first deployed on Nibiru, the first thing I did was move my liquidity over. I wanted to get stNIBI and participate in the AXV-NIBI farm on Astrovault. I was amazed at how fast, seamless, and cheap it was to transfer liquidity from Archway and Neutron to Nibiru, swap for NIBI, and stake it directly through the Nibifi app—all from the dashboard.

This level of ease is exactly what Web3 needs. Astrovault is changing the game for cross-chain onboarding, and Nibiru is redefining DeFi accessibility with its emphasis on liquid staking derivatives from day one. The network remains secure while allowing users to freely utilize their liquidity in products and services. It’s incredibly exciting.

That said, I want to circle back to Astrovault, because I think its impact on Nibiru will be massive. One of the features I’m particularly excited about is Outbid.

Eric, can you tell us more about Outbid and how it works?

Eric Waisanen 38:35:

Yeah, Outbid was born from a creative solution that Ethan and I developed to build a better launchpad—one that is fun, engaging, and drives actual demand rather than just facilitating organic participation.

Most launchpads extract value from teams, making them low-margin businesses that provide little support. Instead of just taking fees and offering little in return, we wanted Outbid to actually help projects raise more funds, generate excitement, and be a sustainable long-term tool.

We built Outbid because we needed a better way to raise funds for our own community. Every existing option we looked at was value-extractive, inefficient, or poorly designed. So we figured, why not build something better? And we believe we did.

We’ve already done community demos on the Nibiru Discord, and we’ve launched two successful fundraising events—one for ourselves and one for LunarSpace—each raising six figures.

Our goal is to make Outbid a more fun, equitable, and decentralized way to raise funds. When you use it, I think you’re going to love it.

IBCDecentral 39:50:

Yeah, so Outbid is a lot of fun—I can say that from firsthand experience. I honestly can’t recall any recent pre-sale event where I was literally laughing and falling on the floor from having such a great time during the process.

Outbid is highly gamified, and it’s an absolute blast. I remember when the AXV token first launched, Astrovault had a round-the-clock Twitter Space going. Everyone participating was in that space—we were all cracking up, changing our usernames on Outbid to mess with each other. My personal favorite was "Eric Sucks," though of course, Eric doesn’t actually suck—he’s awesome.

Beyond the fun, Outbid has a truly unique value proposition, and I plan to utilize it for a project of my own.

One of the biggest issues in Web3, in my opinion, has been meme coins. Every network wants community-driven initiatives, and meme coins remain highly popular, but the launch process is often riddled with problems. Many meme coins are launched with malicious intent, with dubious bootstrapping methods, hidden allocations, and bad faith developers. This has led to a loss of trust in meme coins, despite their potential for organic community engagement.

That’s why I plan to launch Astrocat on Nibiru using Outbid.

For those who don’t know, Astrocat is the official fan token of the Astrovault Daily community here on X. It’s 100% community-driven and will be used in fun and exciting ways.

Whenever I tell people about Astrocat, one of the first things they ask is:

"How do I know you’re not holding the entire supply?"

That’s where Outbid changes the game.

By launching Astrocat on Nibiru via Outbid, the entire community can participate transparently from start to finish. There are no hidden tokens, no shady allocations, and no manipulative practices like we’ve seen on platforms such as Pump.Fun.

Eric, can you share how Outbid has the potential to revolutionize the meme coin space?

Eric Waisanen 42:58:

Yeah, so for starters, I’m not a huge meme coin guy, but I do appreciate how they’ve highlighted issues in crypto financing—particularly how extractive some teams and VCs have been. The idea of a fair launch, where the playing field is reset to zero instead of starting from a disadvantage, is something I respect.

That said, I think we’re going to see a shift away from meme tokens toward AI agents, which has been at the core of my work for the past four to six months.

Part of what we’re doing with Outbid is positioning it to compete with larger launchpads, which means facilitating deal flow more efficiently. We need to enable pre-deal flow, where users can approve deposits ahead of time—so they don’t have to be at their computer the moment a launch goes live.

For example, a week before the launch, users could pre-approve a deposit and spending cap, allowing them to participate automatically when the sale starts. By implementing this, we can lower the buy-in per person per round while increasing distribution.

The first two Outbid launches had strong distribution and relatively low individual buy-ins, but if we want to scale big, we need to guarantee smaller allocations to more people. The upcoming Astrocat launch will help us live test these new features, ensuring that users can deposit and contribute in advance.

For example, in a certain round, maybe a user is capped at $20, but that makes the launch even fairer than something like Pump.Fun.

Another unique advantage that Astrovault offers for fair launches is the ability to start with 100% of the supply held in protocol-owned liquidity.

Instead of tokens being owned by an external launchpad—or having liquidity controlled by a third-party platform—Astrovault can own and manage the initial liquidity directly. This means:

When users buy a token, they’re buying it from the DAO, creating a direct cash infusion into the protocol.
It allows for a more sustainable liquidity bootstrap, making it easier to grow liquidity pools from day one.

So, this approach gives us a unique take on fair launches and allows us to scale and compete with some of the largest launchpads. Many people who have used Astrovault are familiar with other platforms, but our goal is to build something better and more sustainable.

Eric Waisanen 45:24:

One more thing, real quick—Outbid is also being positioned as a launchpad for AI agent projects.

I see AI agents as the next evolution of meme coins, combining viral community appeal with significant utility and a self-sustaining growth model. These projects have different requirements, and we’re already partnered with teams that can support their specific needs.

We plan to build that growth directly into the platform, and that’s something I’ll be discussing at ETHDenver in my presentation on AI LLMs.

So yeah, Outbid is going to be highly relevant, not just for meme tokens, but also for next-gen AI-driven projects.

Expanding Liquidity and Omni-Chain Tokens

IBCDecentral 46:12:

The main reason I’m so excited about Outbid, especially with the Astrocat launch, is that Astrocat will likely be the first token to launch via Outbid on Nibiru.

This launch will set a precedent for how the system works and how users participate, providing a model for other teams in the Nibiru ecosystem that may want to use Outbid to bootstrap and fund their own projects.

The potential here is massive. Outbid is still a relatively new and underutilized part of Astrovault, but I know there are several upcoming launches, not just Astrocat. Ultimately, this will benefit Nibiru, Astrovault, and the entire ecosystem by providing builders and developers with a native, engaging way to raise funds—all directly on Nibiru.

At the same time, it will give the Nibiru community easier access to early-stage projects and products they want to support, right from the beginning. As Eric always says when talking about Outbid, "Be your own VC."

So, with that in mind, what else can we expect to launch between Nibiru and Astrovault in the near future? I know Astrocat is in the pipeline, and we have the stNIBI pool coming up.

Do we have a confirmed launch date for stNIBI, or is that still in progress?

Eric Waisanen 48:15:

No confirmed date yet, but it should be very soon. I believe we have it live on the backend, so now it’s just a matter of seeding liquidity and pushing it forward. I’ll need to double-check with my team, but I think we’ve gathered all the data points we needed. So yeah, soon.

IBCDecentral 48:29:

I don’t want to jump the gun here, but I know this has been in the works for a while, and I’ve supported the idea from the start. I’m really excited to see it go live—I’ve already got all my stNIBI ready to go.

I’m especially curious to see the APR on the pool. Since stNIBI is a liquid staking derivative, I don’t expect it to have an insanely high APR, but it will still provide a way for users to put their stNIBI to work.

More importantly, this is the first DeFi product for utilizing stNIBI, so I’m definitely excited about it.

Unique, do you have anything to add about the upcoming stNIBI pool and how users can participate?

Unique Divine 49:26:

Yeah, so stNIBI will integrate into a lot of the early EVM applications launching on Nibiru.

One key use case will be lending and borrowing. If you compare it to normal NIBI staking, where liquidity is locked, liquid staking derivatives (LSDs) like stNIBI allow users to stake while still using their funds elsewhere. For example, instead of having your NIBI locked, you can stake it, receive stNIBI, and then use it as collateral to borrow against—giving you the flexibility to engage with other DeFi applications while still securing the network.

A good example is Sai.fun, a perpetuals trading protocol launching on Nibiru. Contributors from the Nibiru blockchain itself are working on the app, and if you've used GMX, it's a similar model.

Instead of a market maker for an order book, GMX uses GLP tokens, where liquidity providers back the perps market. Sai works the same way but with SLP tokens instead. One of the planned collateral types for SLP tokens will be stNIBI, alongside other assets like Circle’s USDC.

This approach accomplishes two things:

It makes liquid staking derivatives more useful. By integrating stNIBI into more applications, we increase adoption and awareness.
It balances network security with liquidity utility. Instead of locking assets solely for staking, LSDs

allow liquidity to be actively used in DeFi, benefiting both users and the ecosystem.

As for other updates, once LayerZero deployment is complete, we can start using Omnichain Fungible Tokens (OFTs). This will allow NIBI and AXV to move seamlessly across chains like Ethereum, Polygon, Arbitrum, Base, Solana, and Aptos—but not Sui, at least for now.

We’ll likely test this first with NIBI, collaborating with Astrovault as the guinea pig before rolling it out for AXV.

A key onboarding challenge when expanding to new blockchains is that users need the gas asset to interact with the chain. A practical strategy is to set up liquidity pools on major DEXs in ecosystems like Base, so users can easily acquire NIBI before bridging.

Beyond functionality, this is also a strong marketing tool. Placing NIBI in more liquidity venues will increase exposure and encourage more users to onboard to Nibiru—similar to what we’ve seen with FRAX and other successful protocols.

As soon as this is technically feasible, we should move fast to capitalize on it.

Final Thoughts

IBCDecentral 53:07:

That’s awesome. For those who don’t know, you can go to app.nibiru.fi/stake and stake your NIBI for stNIBI in preparation for the upcoming Astrovault pool. As Eric mentioned, the launch is happening soon, and I’m really excited for it.

Overall, the app.nibiru.fi dashboard is intuitive and easy to use. Few networks in the Cosmos ecosystem have such a clean and well-organized interface for viewing essential network and wallet information.

One of my favorite features is the Apps page, which lists all the live and upcoming applications on Nibiru. You can click on projects, access them directly if they’re live, or be redirected to their social media pages if they’re still launching.

Another standout feature is the built-in liquid staking. Unlike some other Cosmos chains, where you need to onboard your tokens to another network (like Stride) to liquid stake, Nibiru handles everything natively within its app. There’s no need for third-party platforms, making the process seamless and automated.

As more products and services roll out on Nibiru, I expect the dashboard to evolve with even more powerful functionalities.

Anyway, before we wrap up, do you guys have anything else you’d like to add?

Eric Waisanen 55:07:

We’re building some really cool stuff. I know things have been quiet over the last couple of months, but that’s because we’ve been heads down, focused on development—and things are going well.

I don’t know if you guys follow four-year market cycles, but every major altseason bull market in the past decade has started in February—2021, 2017, and possibly even 2013.

I think we’re at the right place at the right time. Both of our teams are well-connected and working on some incredible innovations. We’re excited to share more in the next few months.

IBCDecentral 55:44:

That’s awesome, man. The market has been rough lately, and a lot of people are feeling uncertain. Crypto Twitter has been going wild, but remember—fear creates opportunity in this space.

Before we close out, I want to highlight an important security reminder. There have been a lot of malicious scam sites popping up lately, some even trying to target Astrovault users.

Always make sure that when you’re connecting to Astrovault, you are using astrovault.io—that is the only official website. There is no other front end for Astrovault. Double-check the URL before connecting your wallet to avoid phishing attempts.

The Astrovault team has already taken action against these fake sites and is working to keep the community informed. But ultimately, security starts with you—always verify that you’re on the correct site before interacting with any Web3 application.

For reference:

The official Nibiru app is app.nibiru.fi
The official Astrovault site is astrovault.io

Thanks to everyone who tuned in today. There’s so much coming to both Nibiru and Astrovault, and in just an hour, we barely scratched the surface of everything in the pipeline.

I want to give a huge thank you to Unique for sharing all these exciting updates on Nibiru V2 and the new opportunities it unlocks. And of course, thanks to Eric and the Astrovault team for breaking down all the DeFi products launching on Nibiru through Astrovault.

The future is bright, and I truly feel like this is the place to be. The Cosmos ecosystem has grown immensely, but not all parts of it are moving forward. Many projects have stagnated, and I believe Nibiru and Astrovault are breaking new ground, opening up DeFi to millions of users while bridging liquidity across multiple ecosystems.

I’m excited to be part of this, and I appreciate everyone here today. Unique, Eric—thank you both.

Eric Waisanen 58:38:

Thanks for hosting, brother. Unique, always a pleasure talking.

IBCDecentral 58:43:

Everyone, make sure to follow Nibiru on X as well as Astrovault. You can also follow me at IBCDecentral.

We’ll definitely be hosting more Spaces in the near future as more products and services go live. There’s a lot to unpack, and I’m looking forward to listening in and participating.

Go ahead, Ethan.

Unique Divine 59:16:

Cool, thanks for hosting the space. Take care, guys.

IBCDecentral 59:19:

Yep, everyone, take care!