Talking with CLV about the wallet track and early participation opportunities of Aptos

Hi everyone, thank you for coming to the AMA event held by CLV and Aptos Eden, we invited Sam, Marketing Manager of CLV and the founder of Aptos Eden to share. Here is the text review.

Q: Currently, the Aptos ecosystem has more than 160 projects in development and testing. Among them, the number of DeFi projects is close to 40+ in categories ranging from DEX, lending and stablecoins, to liquidity pledges and aggregated returns.

A: Although Aptos has been launched on the main website, we all see that the overall ecological development is still in the early stage. I will share one product that I personally feel is worth looking forward to in each of the three segments that we are more concerned about, namely NFT, DeFi and wallet.
NFT:

Topaz has 61.4K Twitter followers, and as previously reported by Decrypt, Topaz's anonymous founder 0xclickbait claims to have accumulated over $5.46M in NFT transactions since Topaz launched on October 18.

The cumulative trading volume of Apots Monkeys, the hottest NFT project on Topaz, has already exceeded 300K APT, which is more than the combined volume of all NFT transactions on its two other trading platforms, BlueMove and Souffl3, meaning that Topaz trading platform is showing an overwhelming advantage in terms of users and trading volume, suggesting that it seems to be slowly growing into the "OpenSea of Aptos".
Despite the lagging start, the two trading platforms BlueMove and Souffl3 also have their own strengths.

DeFi:
Aptin is a decentralized lending platform that is one of the more unique and innovative ideas in Aptos' DeFi program. Its interest rate calculation model is similar to Compound, but slightly different. It is determined by a combination of the prevailing market rate in the market and the capital utilization rate (u) in the Aptin protocol. The higher the utilization rate, the less funds available to borrow in the pool and the higher the borrowing rate. In addition, the protocol can regulate different strategies through RateCurve Constant.
Mining Reward: As a subsidy (Premium) for participating in the protocol, $APN will be mined in equal amounts with each block, and borrowers and lenders will split these mined APN in proportion to their participation, which will be used to offset transaction fees.
The above access, lending, return and mining functions can already be operated normally in the test network.
The platform will lend the surplus reserve assets in the borrowing pool (the pool called 'Aptin Finance') in Compound, AAVE and other agreements according to the fund utilization rate to get more agreement revenue.
Ecological cooperation: providing asset prices needed for clearing mechanisms by introducing prophecy machines (Switchboard & Pyth); accepting $xBTC from cross-chain project OmniBTC and pledged vouchers $APT from Tortuga as collateral assets to lend other tokens.
According to Aptin's roadmap: Aptin's V2 release will include a cross-chain bridge to allow assets to be lent and pledged across chains; in Q4 2022, Aptin will publicly offer its token APN; and in Q1 2023 the governance platform will be launched.

Wallets.
Pontem Network is a product development studio that works with Aptos to build basic dApps and other infrastructure such as development tools, EVMs, AMMs, etc. Pontem aims to help developers who want to build projects on Aptos learn the Move programming language and incubate applications native to Move, and is also building back-end and customer-facing products for the Aptos ecosystem. Pontem develops Move VMs that enable cross-chain interoperability and are compatible with blockchains such as Polkadot and Cosmos. In addition, Pontem is developing the automated market maker DEX Liquidswap on Aptos, modeled after Uniswap and Curve.
In addition to this if interested in technology you can also learn about Hippo, which is also announced in the official Aptos Highlights and is part of the Aptos aggregation layer. It provides developer compilers, SDKs, framework-level tools and a composable DeFi infrastructure.
This is still a great help for Aptos in

frastructure and DeFi development.

Q: How can ordinary users get involved in the development of the move ecosystem? Can you give some advice?

A: Ordinary users can currently participate in the main network projects, but also in the testing phase of the project. For one thing, Aptos is still in its early stages, and interaction with projects in the testing phase can be the earliest way to find out the existing problems and experience of certain projects, and to compare them after they go online on the main network, and whether they have been improved. This is also an important part of the research project, while the test phase interaction also has a high chance of getting early airdrop support.
I think we can focus on the DeFi, NFT and domain name tracks. These tracks have been market-tested to be the ones with the most attention and attracting capital traffic, and despite the bear market, it is possible to see people talking about them. They are also currently the first tracks to go live on the main network. Focus on the new projects of these tracks, you can find early opportunities from them.
Here is also a passing introduction to our Aptos Eden, an aggregation platform to build Aptos eco-project information and Move teaching.
The Aptos Eden platform contains almost all the ecological projects in the current Aptos public chain, and classifies each project. Users can follow the projects they are interested in, and get real-time information from Twitter, Forum, and Medium of the projects they follow, so that they can learn about all Aptos eco-projects on one platform.
We also have Aptos in-depth articles, where we also cooperate with domestic and foreign independent insights and original KOLs, so that the latest and best articles will appear on the platform in the future. Of course we will also have a research report on Aptos in the future.
For Move language. For those who want to develop their own Dapp in Aptos or Sui, I think Aptos Eden is definitely the best choice. At present, our platform's Move tutorials should be the most comprehensive and systematic on the web. It includes the entry level as well as the advanced level, taking into account the small people and those who have transitioned to Solidity development experience. At the same time, we are continuously updating the curriculum. Our education goal is to enable the willing partners to complete a set of Move language Dapp with security independently.
We are currently building a Move knowledge base, which will gather most of the problems and solutions encountered in Move development. This is very helpful for those who are weak in foreign languages, and it allows to synchronize technical knowledge with information.
Of course, Aptos Eden has another important thing, Aptos Eden will be connected to Aptos public chain in December to transform into a Web3 aggregation platform for Aptos eco-project information and Move teaching. At the same time, we will connect to the CLV wallet, and then we will give back to the early adopters who have been with us all along.

Q: Please tell us a little bit about CLV, what is the position of the project? What industry-specific problems are you trying to solve?

A: The three letters of the CLV brand stand for Connectivity, Legible and Versatile. This means that CLV's vision is to create blockchain products with multi-chain connectivity, greater readability and versatility.
Currently CLV has two main products, CLV Chain, the CLV blockchain system with multi-chain architecture, and CLV Wallet, a self-hosted wallet with full multi-chain compatibility.
CLV Chain contains the M-Chain master chain, which is used to maintain the operation and decentralized governance of the CLV PoS network. The other chain, P-Chain, is one of the parallel chains of the PoC network and supports EVM while serving as a smart contract and ecological platform for the CLV blockchain system.
CLV Wallet is a self-hosted wallet software compatible with multiple chains and comes with cross-cross-chain functionality, supporting almost all mainstream EVM chains/Layer 2, non-EVM Aptos/Solana, etc. CLV Wallet is available in mobile app version and Google Chrome plug-in version.
We believe that most of the blockchain products are still very niche and targeted more at users with technical background. In the future, as the blockchain industry develops further, more general users will need to access and start using blockchain products, and CLV hopes to serve more users in the future with better products.

Q: We understand that CLV Wallet is already connected to several ecosystems and this partnership with Aptos Eden is an important step in its expansion into the Aptos ecosystem, so can you tell us about the advantages of using CLV Wallet and whether CLV offers any incentives for users?

A: CLV Wallet is a multi-platform, multi-chain compatible self-hosted wallet. CLV Wallet supports almost all major blockchains and allows users to create multiple addresses. A dApp browser and NFT browser are built in for quick and easy access to and viewing of dApp and NFT assets. In addition, CLV Wallet provides cryptocurrency holders with features such as collateral, token exchange, cross-chain, and more.
You can follow us on Twitter and join our community as we continue to add to our wallet ecosystem and partners. With each announcement, we will have a certain amount of airdrops to motivate the community. We are also doing one with Quest3 recently. You can follow along.

Q: Recently there have been a lot of security incidents, with contract vulnerabilities and private key leaks being the main risk factors. How does CLV Wallet currently secure user assets?

A: When we are discussing the security of digital asset wallets, we need to evaluate three aspects: App security, server-side security and business security.
In terms of App security, CLV Wallet protects private key security, helper security, password security, Keystore security, and all data is stored locally. The app also removes sensitive data from the view when it enters the background to protect the client's own security.
In terms of server-side security, CLV Wallet fully enables encrypted transmission protocols by default, and all components of the application can be identified and are indeed required to ensure network architecture and transmission security.
In terms of business security, the login and unlock passwords for the wallet cannot be bypassed, and separate passwords are required to verify the creation of the wallet. Built-in decentralized financial services such as swap/cross-chain are also tested and audited for contractual security. Whitelist-first mode is used by default when adding new assets and using the dApp App Center.
Through continuous optimization of user experience and interface design, CLV Wallet provides users with secure self-hosted digital asset management services in many ways.

Q: What do you think about contract wallets and MPC wallets that are being discussed a lot and what is the difference between CLV wallets and them?

A: Many people say MPC and smart contract wallets are "Wallet 2.0", which is indeed a very high profile topic these days. For now, the development plan for CLV Wallet continues to follow the direction set by our brand, going further to provide a multi-chain, easy-to-use traditional wallet service. As with all design decisions, this is our choice of route for multiple considerations for a given use case, and a pragmatic balance of the collective needs of our target users, taking into account the level of development of wallet solutions and key management practice capabilities across the blockchain ecosystem.
We believe that users need a seamless user experience, low fees, flexibility to interact with dApps, private repository management and ecological engagement capabilities that are easy to understand and use. These needs override the choice of technology path. Of course, we will not rule out the adoption and improvement of new technologies, including MPC or smart contract wallets, as they mature further in the future.
MPC wallets are still assessed to have shortcomings in terms of off-chain accountability and compatibility, and most products are difficult to audit and integrate independently. Current smart contract wallets are typically more expensive to use, and while EIP-1271 allows applications to sign on behalf of contract wallets, it is still not universally supported and cannot be added to non-scalable contracts.