Weekly Bonzo Bytes 🎙️🎃

The Spaces covered three sections: Bonzo Finance product updates, Hedera ecosystem news, and broader Web3/market developments, followed by Q&A. The host announced Wrapped ETH support on Bonzo Finance, enabled by a codebase upgrade to handle ERC‑20 assets alongside HTS, audited by Halborn, and supported by cross‑chain infrastructure via Stargate/LayerZero. Liquidity is bootstrapped by SaucerSwap’s USDC–WETH and HBAR–WETH pools (~$5M), with risk caps governed by RE7 Labs and a published change memo. Bonzo’s merch store launched (with a hidden audio Easter egg on apparel), and Vaults are targeted for the week of Nov 9 pending remediation of bugs found in the CLM strategy with Halborn. Platform stats: TVL $35.56M (+$3M WoW), 184.95M HBAR (slightly down in HBAR terms), DeFiLlama lending rank # 64; Hedera TVL $108.38M, chain rank # 49; USDC issued on Hedera $175.4M (up from $83M Oct 3); USDC DeFi TVL ~$16–17M; HBAR ~$0.195. Canary’s HBAR ETF saw $8M day-one and $30M day-two inflows (NAV ~$33.05M). HederaCon 2026 is set for May 4 in Miami; Equity Labs launched verifiable AI governance on Hedera leveraging HCS and NVIDIA. Market news highlighted Citibank’s 2026 crypto custody with Coinbase. In Q&A, Patches shared Agent Hustle’s AI trading agent on Hedera; Brian asked about future wrapped assets—WBTC via BitGo and LayerZero OFT is next, then other majors and another stablecoin.

Bonzo Bites Twitter Spaces Recap

Session setup and disclaimer

• Host opened with a standard disclaimer: all views are personal opinions, not financial advice; forward-looking statements involve risks; do your own research; neither Bonzo Finance nor speakers are liable for actions taken based on the information.
• Format: three parts — Bonzo Finance project updates; Hedera ecosystem/community news; broader Web3/market news; followed by Q&A.
• Co-host note: Gorong (regular co-host) was absent due to a move.

Bonzo Finance project updates

• Wrapped ETH (WETH) live on Bonzo Finance
  • Context: Hedera ecosystem established Stargate (LayerZero infrastructure) to bridge assets into/out of Hedera. WETH arrives as an ERC‑20 asset (EVM) rather than Hedera Token Service (HTS).
  • Engineering: Bonzo’s codebase upgraded to support ERC‑20 assets (previously HTS-only). The upgrade was audited by Halborn.
  • Peripheral changes: Bonzo Lens now supports HTS and ERC‑20; data API feeds adapted for asset types (positions, prices, etc.); wallet connectivity and configurations adjusted for EVM ERC‑20; UI/analytics updated.
  • Liquidity and parameters: SaucerSwap now has two relevant pools — USDC–WETH and HBAR–WETH — totaling about $5M in liquidity, enabling WETH onboarding into Bonzo and allowing higher supply/borrow caps than low-liquidity assets. Further parameter lifts will follow liquidity growth, per RE7 Labs (risk/parameter proposer for Bonzo).
  • Governance docs: A change memo and RE7 analysis report were published for the asset addition. Community is encouraged to read and ask questions; highly technical questions may be routed back to RE7.
• Bonzo Finance merch
  • First orders from the merch store are out for delivery; community feedback has been positive.
  • Easter egg: hidden on a clothing item, requires another device to listen; it’s not a clickable element on the site.
• Vaults timeline and readiness
  • Target release window: week of November 9.
  • Quality focus: extensive testing; recent bugs discovered in the CLM strategy are being remediated with Halborn prior to launch.
  • Security emphasis: audits and risk mitigation are ongoing; reminder to only invest what you can afford to lose.
• Protocol and ecosystem stats
  • Bonzo Finance TVL: $35.56M (USD), up ~$3M WoW; USD TVL uplift aided by HBAR price appreciation (linked to ETF interest).
  • HBAR‑denominated TVL: 184.95M HBAR, down ~6–7M HBAR.
  • Rankings: Bonzo is # 64 among lending protocols on DeFiLlama (up one), # 3 on Hedera (behind Stader Labs; recently passed SaucerSwap).
  • Hedera TVL: $108.38M; chain ranking # 49 among L1/L2s (improving from ~# 52–55 to # 49 over three weeks).
  • USDC on Hedera: circulating issuance ~$175.4M (up from ~$83M on Oct 3); USDC TVL in DeFi on Hedera: ~$16–17M.
  • HBAR price: ~$0.195, rising in recent weeks; ETF inflows (per SoValue): ~$30M on Oct 30 and ~$8M on day one; Canary HBAR ETF NAV: ~$33.05M.

Hedera ecosystem and community news

• HederaCon 2026 announced
  • Date/location: May 4 in Miami Beach, Florida; possible playful “May the Fourth” theme.
  • Host speculation: potential alignment with a Governing Council meeting to maximize attendance.
  • Patches’ perspective (Speaker 2): excited for Miami in May vs. Denver in February; may do a talk; notes significant event clustering — F1 race over the prior weekend, then HederaCon, followed by Consensus 2026 — with strong recommendation to book hotels early due to congestion.
  • Community momentum: on the heels of HBAR’s ETF listing, increased builder chatter and foundation activity.
• Content to watch
  • HBAR‑focused takes: HBAR Bull and Zepsie (HBAR Foundation, Director of Ecosystem Strategy) will publish breakdowns on the ETF launch (X/YouTube).
  • Video: “HBAR Flash Update: Why all the excitement around the HBAR ETF launch?” (host suggested sharing a link via Ren Lee’s X post).
• Equity Labs launches verifiable AI governance on Hedera
  • Overview: a governance and sovereignty framework for agentic AI operations on Hedera, developed with the Hedera Foundation.
  • Stack: leverages Nvidia architectures and Hedera Consensus Service’s verifiable, timestamped, auditable messaging.
  • Value: supports accountability, privacy, oversight; enables verification of training data provenance and authentication checks for generative outputs; host views this as a Hedera-advantaged use case due to HCS capabilities.
• Agent Hustle trading agent on Hedera (raised by Patches)
  • Functionality: chat‑based agent to interact with SaucerSwap; supports conditional logic (e.g., “buy token X if price falls 10% today; valid for 48 hours”).
  • Infrastructure: built on Lit Protocol (key management with substantial AUM), uses Emblem Vault for account vaulting; cross‑chain support (Solana and Hedera).
  • Security model: self‑custody; vault created uses the same public key as the main account; Patches likened these to “shadow accounts” (similar to Orbit’s approach).
  • Relevance: host invited to add links to the Spaces; seen as highly relevant for Bonzo users; suggested outreach to the HBAR Foundation and Agent Hustle.

Broader market and industry news

• Citibank partners with Coinbase; prepping 2026 crypto custody launch
  • Regulatory backdrop: recent changes enabling banks to custody crypto are catalyzing institutional offerings.
  • Institutional access: custody via established banks addresses needs of clients who can’t/won’t self‑custody (pension funds, corporate treasuries, retirement accounts, HNW individuals).
  • Hedera angle: may facilitate Governing Council members and other enterprises to gain compliant digital asset exposure without direct self‑custody.
  • Outlook: host expects more banks to follow; cites Robinhood’s tokenization efforts; optimistic on maturation over the next 3–5 years.

Q&A highlights

• Brian (Speaker 3) on future wrapped assets
  • Question: beyond WETH, which assets does Bonzo aim to support next?
  • Host response:
    • Priority: Wrapped BTC (WBTC) via BitGo (issuer). Requires BitGo’s approval and signature on LayerZero OFT contracts to enable cross‑network movement.
    • SaucerSwap proposal: a WBTC pool has been pre‑approved; once live and liquid, Bonzo can onboard WBTC following the same playbook as WETH.
    • Timing: none provided.
    • Strategy: focus on majors with the largest addressable market (user base and liquidity). Consider adding another stablecoin; the host mentioned “rumors about USD 2.0.”
  • Brian’s feedback: praised WETH and Vaults as substantial milestones; plans to supply WETH; light banter about merch.

Notable names and roles mentioned

• Host: Bonzo Finance (name not explicitly stated in the recording).
• Gorong: regular co‑host (absent this session).
• Patches: builder/community member; discussed HederaCon logistics and Agent Hustle.
• Brian: community participant; asked about future wrapped assets.
• RE7 Labs: proposer for Bonzo’s risk/parameter changes; authored the WETH onboarding analysis.
• Halborn: audit partner for Bonzo (codebase upgrades; Vaults remediation).
• SaucerSwap: DEX hosting USDC–WETH and HBAR–WETH pools; proposal pre‑approved for WBTC pool.
• Stader Labs: Hedera liquid staking; # 1 by TVL on Hedera.
• HBAR Bull & Zepsie (HBAR Foundation): producing ETF breakdown content.
• Equity Labs: AI governance framework on Hedera.
• Lit Protocol & Emblem Vault: infra behind Agent Hustle’s agent and custody model.
• Canary (HBAR ETF sponsor/manager referenced by the host); SoValue: data source for ETF inflows.

Key takeaways and action items

• For users and community
  • Review the WETH change memo and RE7 analysis; engage with questions.
  • Expect parameter lifts (caps, etc.) as WETH liquidity grows on SaucerSwap.
  • Vaults targeted for the week of Nov 9; security-first approach continues; invest prudently.
  • Explore Agent Hustle’s chat‑based trading agent on Hedera (consider using a fresh wallet for testing).
  • Watch upcoming ETF commentary from HBAR Bull and Zepsie; view the HBAR Flash Update video.
  • Note HederaCon 2026 (May 4, Miami) overlaps with F1 and Consensus; book travel early.
• For Bonzo Finance
  • Proceed with WBTC onboarding via BitGo and LayerZero OFT; coordinate liquidity with SaucerSwap.
  • Continue audits and QA cycles (Vaults and strategies like CLM).
  • Maintain ecosystem integrations (ERC‑20 support, data APIs, wallet UX) as new assets arrive.

Closing

• Host closed the session with Halloween/Friday/weekend wishes and a reminder that the next Bonzo Bites is slated for next Friday.