OtterTrack | ETHDam III - 2025

Welcome to EA to E to E to E to E. And so, as I mentioned before, this the craziness is about to start, which is all part of the fun. And we have something called Otter Track coming up. Now, utters sound nice, right? Don't we agree with that?

These otterters are really pointy teeth, claws, all of that. I'm a little bit scared. How do you feel with web feet and stuff? Oh, yeah. Yeah.

You know, they look cute, but you until you meet them, you know, they say always like the chances of getting killed by otter, you know, they're not high, but they are never zero. So the goal of Otank is that we've invited um we've invited these 10 startups uh who have somewhat been participating in the hackathon, but these are more established projects and invited them here today to present. Now this is for everyone that's here's benefit, but it's also for their benefit and also hopefully for the judges benefit. But their goal is uh to try and help you move along, challenge the challenge the uh things. Um, so what we're going to do is we're going to have the judges sitting down here at the front, so they actually have the best view.

We're going to start with that and see how it goes. Each startup is going to have three minutes to present. And there's a timer up there. Those in the audience, you can't see it, but every every person always sees a timer. And the timing is going to be incredibly, you know, quick.

Uh, Bishnell and Nons. Yeah. Um now uh then what's going to happen is um first we'll get the the judges. Uh so first I want to welcome to the stage Taj from Oasis. Round of applause.

Thank you. Thank you. Thank you. Yes. Um as you can see they will also have like a place basically to put the score.

So when they have the score they will put Can you hold up the whiteboard? Yeah. There you go. See that? Uh secondly, I would like to bring to the stage Justin.

Do we have Justin? Uh uh I guess not. Maybe that's a no. Could someone go find Justin? Yes, please.

Okay, then uh we will have Constantine up the stage from Cake Wallet. Applause, guys. Um do we have Noah somewhere? Noah. Also, please could someone also get Noah, please?

We need him. We'll get Hey, it's gone so well so far. It's gone so well. The keynotes finished and it's still busy. But um either ways, we would like to get them also so they can also vote on the project.

Oh, there you are, Justin. And for the record, this h not you're not that important. Come on, sit down next to the other judges. Um and we'll wait for the other one. We're just going to get started.

This is supposed to be fun. Um, the goal is once the presentation is complete, the judges, you guys can ask kind of the first questions. So, the judges are going to ask some of the first questions and then we're going to put up the slido. We're going to see whether it works. The audience can ask questions, but then ultimately again, there's only five minutes for that Q&A um or so.

And then what we're going to do is we're going to ask the judges to score from 1 to 10. And uh this is the most arbitrary amazing uh ranking ever known to man. Um and yeah have fun. So I think if we can switch back to the list um the first ones I'd like to invite up is going to be TPN the trip. Please also get ready at the same time because we mentioned this is very fastpaced.

So time is money. So keep clicking guys. Come on. Right. You ready?

Yes. Okay. And uh are we ready with the timer? Good. Good to see you.

Mento can say it's good luck. Yeah, be careful for that one. He's extra extra naughty. Yeah, you might get you might get grilled, but good luck. All right.

And take it away. This one doesn't fly. Ah, there we go. Hello everyone. My name is Mentor.

I'm here today on behalf of the TAU protocol. We manage both the TAU protocol and subnet 65 on Bit Tensor, which is the Tao private network, which is not on screen. There we go. That's us. Uh over the coming three minutes I'll briefly take you through bitensor what subnets are and what our subnet 65 does and then what we built over the past weekend.

So Bitensor is a blockchain that has subnets on it which are incentive silos in which you can provide any service against an incentive. Bitensor subnets are pseudoverifiable consensus which is to say they do write things to chain but they're not as verifiable as everyone here is used to. So the cryptography isn't purely provable. Subnets are like silos on the base blockchain that compete for the emissions of the base blockchain. So the more popular your subnet is, the more of the emission uh emissions of the blockchain go to your subnet.

This creates a competition among subnets to provide a useful service. What our subnet does, subnet 65, is we provide VPN connections. So our miners, which is not strictly good the best terminology, but they provide VPN connections and the validators, they make sure that the miners provide the right VPN connections and they're the interface between users and developers and the miners. What we hacked together over the weekend is we use the Subtensor EVM system because Bitensor itself is polka dotbased. The EVM system is a subm module that runs on it.

We use the EVM layer that runs on Bitensor to make a payment system where people can pay on EVM and then the validators that set the weights for miners in a subnet can use that data to uh permit or to modulate services provided to users. We intended to also finish autostaking of DTO. We were 90% of the way there, but we're going to have to finish that over the coming weeks. Uh if you're watching this online or something and you want to watch our code, you can do that at those URLs. And if you want to follow our work uh elsewhere, you can follow the subnet at SN65_TPN and our protocol at TAUXYZ.

And I got 40 extra seconds left. Thank [Applause] you. A whole 45 seconds left. Nice work. So you guys have two microphones to share between you.

Um maybe I can also give you another one. Um, and if you have any questions or thoughts, then go nuts. You can hold it and just talk into it whenever you want. Check. Yeah.

Um, I like the use case actually. I I think I think decentralized VPNs is something that we've seen tried a lot of times and hasn't really taken off yet. Uh, question, why did you choose to uh to build on? Is is there any particular reason for that? So the Bitensor chain is purely about incentives.

So if we want to incentivize something, it's a fun place to incentivize something. It's because you get the emissions. Uh that's why. Okay. It's incentivized the miners.

Yeah, that makes sense. Thank you. Yeah. So you I was told to be afraid of you. You should be.

But you're doing well so far. So anyone else? Uh so how do you validate that the services actually provided like uh the validators need to stake as well and risk uh their you know you think like a man after my own heart and that is not how bensor works at all. So we have validator code and minor code that controls the subnet that is not onchain that's purely offchain. If a majority of the validators vote on a certain truth which is posted to chain, then that's the truth and there's no way to verify cryptographically that what the majority the validators claimed is actually true or not.

So in our system what happens is the miners they run a damon that offers VPN connections and a validator periodically just queries all the miners establishes a VP VPN connection through the minor back to itself to prove that everything works and that way sets the weights. How many VPN pro connections do your miners actually process? Like how used is this network? We launched two weeks ago. So we sponsored a hackathon two weeks ago where there were a bunch of products running on it consumer-wise.

So like I said, we just hacked together our first payment system. So we're looking to make that uptick now. Ah, so your VPN only takes crypto payments then. So currently it doesn't take any payments and it's just open. So developers can just build on it and it's free.

And right now we're looking at what's the best way to accept payments. We've looked at things like credit cards and so forth, but we want to if we can stay cryptonative. Okay. Uh how would you feed those payments back into the incentive system in that case? No, I had a question but yeah, shoot should first.

No, no, uh feeding back into the incentive mechanism on the Bit Tensor level. Correct. Yeah. So, Bitensor silos, they inside their silos, they emit a sub token called DTA. And the way that the emissions are based is how many people hold and stake that detail.

Which is why one of the things we had intended for this weekend is for the payments to automatically be fed into that detail. Um however because of some complexities between the EVM layer and the substrate layer, we need some help of someone who doesn't work on Sundays. U so we didn't manage to get there but that is the way we intend to do it. So basically taking the tow stake it into the detail. Excellent.

Yeah. Yeah. So usually like VPN and performance like sort of correlates with like the geographical distribution of the servers. So like how's sort of like this thing at being tackled like performance? Perfect question.

So VPNs are actually not that complicated and centralized VPNs are cheap and work well. So the one thing that we're trying to incentivize is to have that geographical spread. So the way that the validators they rank the miners is basically they do a calculation where they check for each minor where they are compare the countries of those miners against the whole set and those who are in a more unique location get a higher weight. So we already have a few minor in countries where the current VPN uh providers do not operate probably because there's low demand and it's just uh like regulatory wise complicated to put nodes there but independent operators apparently have no problem doing that. Yeah.

How do you handle like sort of like high traffic like I don't know like streaming video and stuff? To this point, we've had no such issue issues, but that is something that we're going to need to build into the basically the waiting of the miners where you get rewarded for more traffic as opposed to less. And this is where like we're discovering all sorts of things that uh are not a problem in regular current VPN land because you cannot for example verify that a minor did certain amount of bandwidth. So we're gonna have to make proxies for that. Are you planning to launch a token along with this or so?

No, so DTA is already a token that's for the incentive layer and the subnet owner has the rights to 18% of the emissions that is in one subnet. That's just the way the blockchain works. It seems like you don't need a token. So there there is a token but we are so what the so there is a token 30 seconds token is a token. What the Tau protocol does is basically tokenize the owner share of a subnet and that will be in your C20.

Okay. Okay. How can I currently use your VPN? Beautiful question. There's a bunch of decentralized VPNs.

Mysterium Orchid. They tried a bunch of things. I was like an investor in the pre pre-sale of Mysterium and I still don't have an API that I can query. 5 seconds. Um, our API works.

You can call, you get back a config file and it just works. And we're at time. We're at time. The way that uh so please uh judges add a score between zero and 10 of what you think of the project. Um that's really that simple.

The way we're going to do this with the Slido is if I open up Slido and there's no questions in Slido. I'm not going to show the Slido. If you do have questions, there's the QR code. Keep it open on your phone. And after each round, we're going to reset it.

But if there are no questions, we're not going to ask those questions. Is that clear to everyone? Say yes. Thank you. All right, judges, in five seconds, I want you to hold up your board.

Um, and then uh Yeah. So, five 4 3 two one. Uh, who's better at me? Share it behind you. So, turn it around and the audience can count.

Who's good at maths? What's the score? Someone shouted. 21 31. We got a 31.

Give it up for mentor. Thank you. Uh this is where I tell you I'm dyslexic and I'm really bad at mental math. So, uh we're going to make this work. Um so, next up we have DRIP.

Your time starts. You ready? Yeah, I'm ready. There you go. Your time starts now.

Hey, everyone. So, my name is Judy. Uh today I'm going to talk about uh Drip. So basically we are a travel platform. Think about booking.

com, Expedia etc. But built at web3 standards. Uh but interesting thing we're going to focus today is about privacy in travel. Basically there's no tra no privacy in the travel platforms these days. Think of this.

I think everybody here have experience making a hotel booking you know in your life right? So when you check out usually booking.com or Expedia or Mim, they'll ask you your name, email address, and all the information you need to ensure ensure you get the booking done. And you better write your real name because the hotel will check who you are when you're checking, right? Airbnb even ask to for you to upload your identity, you know, like passport, etc.

to verify who you are because for safety purpose, they have a reason. But do those platforms actually have the rights to collect our personal information? The answer is no. Because they don't have the right to do so. Not a legal reason.

But the hotels and the host like Airbnb, they do have the right to collect your to see your passport and ID based on local regulation, but not the platforms. So what do you need is a booking proof. So this is anonymous booking feature that we built via zero proof. And I'm going to show you a demo which gonna be fun. So it's a pre-recorded because it's easier to show both screen of the phone and the website.

So it's deployed on our test net already. So let's go. So when you book a hotel for example this one normally you will have to fill in a lot of information here but with us you don't. You basically click next and then use your use your phone which is a self-servering identity app. So basically you associate your DID with this booking session and you scan a QR code and then that's up to the server.

And now the last step is basically you check out here we support crypto payments and you make a payment. This is a test payment so it's only $1 stuff. After this is done, the user will be able to fetch a the credential issued by our platform. So basically scanning the QR code again and it's going to download the credential into their app. So you can use any kind of SSI apps.

And now we switch to the host site. Basically the host will you know upon checking they will show a QR code ask the guest to check in to prove they actually make the booking. And similarly they use the same phone which downloaded the credential already to scan the QR codes and to verify the booking proof. So at this point it's successful and the platform don't know who actually made the booking. Only the host they know who you are and they can ask her to see your passport etc.

But that's it. The platform the middleman never knows who you are and protect that in that way we can protect users data from the whole travel industry. And we're at time. Yeah. And we're at time.

Reminder, use the slider if you have a question. You guys ask the question. Okay. It seems like the platform will still know the wallet that made the payment, right? Uh yeah, the wallet of course, but it's not relate to anything in the platform.

Payment is payment. The identity is identity. It's two different things because we integrate with third party uh payment platform like now payments etc. You can use any wallet you want to pay to scan a QR code. Yeah.

Quick side note really really cool big fan of it. Don't drip drip for a long time. Thank you. This makes sense. Yeah.

So which parts of this are onchain? Which parts are offchain? Sorry. Which part of which parts of the the demo we saw are onchain? Uh like in a smart contract.

Oh yeah. So basically there's a there's a state contract deployed on chain and that's used to uh when when the when the booking is completed after user payment right so our back end will issue the credential and at the same after issue the credential we will basically call the state contract to upload the status of the of this uh uh the merkel tree status to make sure you know the the credential is not revoked later on. So in the end when the guest go to the you know the hotel staff to check in he will verify the proof and that time he will also check the uh check with the smart contract to ensure you know the same status you know the the the the proof the credential is not revoked yet. So that's two parts is using the blockchain to check the the you know the the status because it's immutable on chain. So is it correct to say then that um the platform doesn't get your um identification uh information but your platform does in this case right?

No, we don't. The uh when I say platform includes us or booking.com you know these traditional OTAAS they get your personal data and our solution basically prevent those middleman this platform get your personal data but the hotels or the the AM but they still have to trust you though in this particular scenario they have to trust that this protocol verified it correctly. Yeah, because because we are the we are basically facilitated the booking, right? So, we issue the booking proof.

We just tell the host like, "Hey, this guy make a booking and this is he really make the booking. Please check." Right. But that means the information is still exposed uh to you. In this case, you're just saying you're essentially an identity provider in this case.

Exactly. In our database, we will see a DID, you know, the users ID and the check-in, check out dates and where the hotel, you know, price etc. That's what we see. Nothing else. Why do you think you need a blockchain for this?

Um most actually if you know ZKP well you don't really need a you know zero knowledge proof it's a basically private key public key you know right the thing that we need blockchain here uh there's like like I answered the other gentleman's question so we need to check this at the the status is real right so because it can be changed if it's only backend database people can can change it without you notice but it's if it's onchain everybody can verify the status is is unchanged I'm not sure if I see much value in that. But what does it look like if say you do trash in hotel room and then the uh hotel would then have to contact your platform and ask for the identity information. Is that how that would look? What that would look like? They don't need to contact us.

How do they get the identity information in order to press legal charges? What the hotel need to do is basically run this uh we have a website. They basically show the QR code of the booking and the user scan scan. I know it's a zero knowledge proof of an identity, but you need the actual identity if they were to trash the room, right? Hotel can ask the the guest to show the passport.

Oh, of course. Okay. Not us. Not us. All right.

Okay. Yeah. Could we put the slido up and take one more question from you guys and then we'll jump into those ones? If you don't have one, then we'll jump in. What's the main difference between dtrip and travala.

com? Um, mostly it's very similar. We're also very similar to Booking.com. Um, so that's why we are actually in a transition to move from a profit driven company to a nonprofit driven company.

And we basically optimize not for profit but optimize for cost. So reduce our cost so we can offer the lowest price to to people like you guys, Cryptonance, etc. And we can use the minimum profit to develop cool features like I just explained. But uh Pala or Booking.com they basically play the old you know the traditional role throw billions of dollars in marketing and make you know okay booking is the only plat platform to use but we are not and we're not massively looking for profit those that's the that's probably difference but so we're a bit niche but I think that's our mission to do so it it does seem less convenient though because that means you need to show your identity information to the platform and the hotel versus these booking platforms you'd have to expose it just to the platform like I understand the privacy benefits, but just from a user's perspective, it is more cumbersome.

Lost answer. Yeah, actually not really. Yeah, it's just a QR code to scan and show the But there's an extra step because you have to show it. You have to show your ID to the hotel as well. They can't just do the proof, right?

But you have to show the ID to the hotel anyway because it's by law. Yeah, you have to. But isn't that information just passed on through booking.com? Oh.

Oh, I didn't know that. Okay, that makes sense then. Okay, thank you. Yeah, cool. All right, thank you very much.

Uh, now we're going to have our scores. [Applause] uh to the other I could this easily be adopted by other times of kinds of booking not only travel I assume so and that's what makes it exciting right five 4 3 2 one put them up to behind you the other guys need to do the maths come 24. 24. That's the conclusion. All right.

A grand total of 24. Thank you very much. Next up, we have Robin. Are you ready? I don't think your name's Robin.

Are you feeling ready? It should just work. It should. If not, we get you another one. I also have quite good lungs, so I can potentially do it or Oh, yes.

There we go. Perfect. All right. Well, um, please give it up for Robin and your time starts now. Okay.

Thank you very much. So, my name is actually Vincent. I'm the co-founder of Robin together with my friend Ferdinand over here. And um, you've all probably heard about prediction markets. They had a huge year in 2024 with the US election and once again cemented themselves as the most optimal information aggregator.

But what you probably don't know is that out of the 113 billion dollars of TVL that's locked up in DeFi, only 0.2% is being used to secure prediction markets. And as strong believers in Vitalik's info finance thesis, we think this number could be a lot higher. But first, let's explore why this is the problem. Well, prediction markets in their structural nature are quite unattractive to most financial market participants.

If you think about it, they have very longtail settlement times. Can take months or years to settle, which removes the gamblers, which probably most of us in this room are when it comes to crypto. They also are quite risky and require niche knowledge which removes passive investors and savers leaving only smart money to battle each other in the order books which let's face it they need other participants to make the pricing of markets profitable. So what we're doing is we are realigning incentives for prediction markets to unlock billions of DeFi capital into predicting the future. How do we do that?

First, let's take a look at how a basic prediction market works. This is your average poly market or any other onchain prediction market. You have a liquidity provider that mints conditional tokens for stable coins, puts those tokens into an AMM or order book where they market make and users can speculate and trade on outcomes. The incentive for the LP is the trading fee and potentially making money on spreads. incentive for the user is to speculate.

What we are doing is we're taking the stable coins from the conditional token vault and putting them into yieldbearing vault strategies on chain. So, we're able to generate DeFi native yield, incentivizing LPS to provide more liquidity and lock it up for longer and incentivizing traders to generate more volume, which then in its turn again incentivizes LPS to be more active in the order books because it's going to create more activity. This actually positions us very uniquely when you look at the prediction markets that exist today. So on the very left hand side there we have Poly Market which probably everyone in this room is aware of. They have by far the most volume and the highest liquidity.

But at this current time they are incentivizing all their users paying out of their own pocket paying stable coins from revenue they generate and from VCs that they raised funds from. And I'm out of time, but what comes closest is probably predict funfun or drift where you use a yield bearing stable coins, which basically means that you can lose your principle and your yield if your bet is wrong. We've been able to separate this so that you can minimize your losses and maximize winnings. Thank you very much. Remember to use the slide though guys if you have questions.

Now on to our judges. Any questions for the project? Robin, I'm supposed to be the how to judge hasher critic here, but I actually think this is an amazing use case. This actually I'm quite excited about this. So, I'm not going to question the use case.

You didn't mention at all what this is built on top of and what are some of the trust trade-offs of that design? Maybe you could speak to that. Yeah, that's a great question. I have my CTO Ferdinand with me here as well. But basically we so to take it back a bit we started by building a a futarchy project earlier this year a decision market and based on feedback from hundreds of users and VCs we came to the conclusion that it's it's not really the right thing to do.

We pivoted to this on user research and we're still looking at exactly where we will deploy it. We need to be close to the yield to have effective yield bearing strategy. So it will most likely be on an Ethereum layer too like arbitum optimism or base. You don't think that like because of the political nature of a prediction market, you don't think that should be on a platform that's decentralized, permissionless, and censorship resistant? No.

Well, h I think that uh it certainly should and I do think that those platforms fall under a lot of those characterizations. No. No. Ethereum L2s currently fall under that category, right? Yes.

Yeah. I think uh especially not any with liquidity. Yeah. No, skip skip. I don't want to throw Ferdinand under the bus here either.

I would just say keep an open mind about where you deploy is all I'll say to that. Yeah, I guess a big problem with that would be that we have a little bit more gas overhead compared to Poly Market for example because of all this uh liquidity shifting around. So deploying on mainet Ethereum for example would probably yield high gas prices which you should absolutely not build on Ethereum. No one should build on Ethereum because it's uh not scalable and expensive. Exactly.

So should build on a scalable blockchain instead that's permissionless and censorship resistant. Exactly. Yeah. So but yeah, we we I guess we have to look into that more, but at the moment all plan was le layered to Ethereum. Understood.

You heard it here first. Etham. Don't build on Ethereum. Hey, don't take it from me. Take it from the Ethereum devs as well, right?

I mean that's a personal uh personal thing. Um any other questions from the judges? Does that have you guys had other Yeah. ask all the questions you would like to ask? I presume so.

I think they're ready. They are totally clear on your project. I it seems well that means we're going to move on to slido. The first question I have is the the yield bias the prediction markets dynamics. Could you explain or try to give an insight on that?

Uh yes it does in a way that um I'm not entirely sure what specifically you mean by the question but the point of the yield is to generate higher liquidity meaning tighter spreads and higher volume as well. So in that way it certainly biases it but if you think about it it's still a market. So if you see odds shifting far away from other markets that creates arbitrage opportunity for smart money actors. So it will always converge to the truth. Um, I hope that answers your question.

Um, since we don't have any other questions, we actually, um, yeah, we will just move on. Once again, a round of applause to, uh, thank you very much, Robin, please. Um, judges, you can do your thing. Do you need to think about it for a long time? Okay, we will see.

Are you ready judges? If you're ready, please raise up your scores so that everyone can see them. Who is the mathematician among us? The supercomput. Can you help us, please?

I guess there's no supercomput. I added a fraction. Fraction. Oh my days. We really need a supercomput now.

Can you guys help us? No one 33 33.5. Hey, we have a supercomputer. Thank you very much.

In fact, a quantum computer, you would say. All right, thank you very much, Robin. Now, moving on, we have actually move AI, but unfortunately, they're not here yet. So, we're just going to move along to the cast. Welcome to the stage the cast, please.

Round of applause for them, guys. Yes. So, I'm Shivam and I'll be talking about dcast.live, live which as the name suggests is a decentralized live casting platform and basically the problem that uh I'm going to talk about is the millions of videos that are being censored on a annual basis by all the major platforms where we share our stuff. If we talk about videos recorded videos it's about millions and if we talk about live streams that are blocked at source it's hundreds of thousands still.

So and when legacy media is already been obscured by the news uh by social media in terms of how we consume our content it already begs to differ what is the meaning of truth uh is truth what is popular or what is controlled. So when we talk about a functioning democracy here uh we have legislative um an impartial judiciary an honest governance and an independent press right but what if the governance is a bit naughty. Uh we are seeing journalism being blocked even killed at source. We are seeing that judiciary is being um you know misinformed, misdirected, unconfused because of the age of uh manipulation. And this is where we talk about did you even know that in most of the countries in the world even a recorded witness like a witness testimony which is recorded is not admissible as a incriminating uh evidence.

So we are solving this problem by doing the three main things identity data and media management where we solve um this is not a legal problem it's a technical problem why the countries do not allow this as an incriminating evidence. So we are working on these particular three things and for this hackathon we have worked more on the media side of it to create a tamperproof and resilient u uh storage which can be verifiable and IP protected. We have used Ethereum, Swam and CIA as a storage decentralized storage providers and we have added all the options where we give the power back to the user or the owner of the stream to see where their digital footprint is going to be whether it is going to be local or on a particular uh social media of their own preference or even decentralized which can be recorded and verified at a later point for any journalistic or legal use case. On top of that, if you are a very advanced user, you can also host your own node and you can configure it with the platform so that the recording that you have already done with your cast goes directly onto your node where you can control its protection, its access and also its perpetuality. So if you feel that uh the future is like how Jetson's predicted like immersive and video then we are building a learning ecosystem with human and machine integrated networks where you can help us build a fair, equitable and safe future for our uh digital footprint.

Yes, big round of applause for live guys. Thank you. Thank you. Amazing. Amazing.

Um remember questions are through slido and judges straight on to you. What are your thoughts, remarks, questions, anything? You just threw machine learning at the end there like what is how is this even relevant to the uh streaming service? Um because this is autotrack and uh for streaming service as well there are certain other pieces that we are working on. So for identity management, authorization and also uh some form of bandwidth compression like the packet compression when the stream is being started, we are using some AI models.

I'm concerned about the UX. So do you like if someone posts a video, is there just a default option where it gets hosted or do they actually have to like choose where they host it and then they have to pay for the hosting themselves? I assume as well, right? Mainly uh the decentralized option is for advanced users. However, we have made it very very simple.

We give 100 minutes of recordings u you know for training. So you don't need to have a wallet or like u you know CRA or buzz tokens to start with it because we fund it. Uh but um so the UX is quite comfortable. What purpose does a token serve within the system? token is for if you are planning to host this on a decentralized you know storage media like Ethereum and Swam they or Ethereum Swam and CIA they use tokens to you know give you the storage.

Yeah. Yeah. But you just need their tokens. You don't need your own token. In that case, we don't have any token.

Oh, okay. Clear. Okay. Understood. Any other questions?

Uh, how do you compare to, you know, competitors like peer tube? Well, I'm hearing it for the first time, but yeah, it's not a peer-to-peer service yet. But the idea is there's an in information structure that we have u you know information architecture that we have which has three layers uh authorization authentication which clubs into the identity part then compute and um the AI processing which which is the middleware where the processing and all happens and then there's a infrastructure layer and the infrastructure layer is basically if we eventually go on creating a node or decentralized network L1 or you know hosted on some other or decentralized storage network which we can plug in. So at this point you're just providing like a thin storage UI for various storage provider platforms for videos. We have a storage profiler which is like you are suggesting so we can plug into that RV uh Ethereum swam like whatever stoages are there.

Yeah but you're a middleware for various storage layers where you're then providing a video user interface. Uh say say it again. you're just providing a video user interface. You mentioned that you will be providing ways to avoid you know to to make stuff verifiably true. Is there any technical aspect where you're achieving that?

Um for authentication there's a big profiler which basically integrates did authentic uh identifiers. So you can plug in KYC's, age verification, livveness check or any kind of verification that you want to do at the point that you want to get it done. Okay. But like on like the second slide you say proving that something is not AI generated. Yes.

Are you doing that? Yes. Through authentication layer. Uh just because it's authenticated but no other way. No no more advanced checks.

It can be authenticated in three manners. pre-event where authentication matters like how you logged in right uh like you can login through a wallet you can login through a okay okay but like do you do any processing of the video itself to check if it's AI generated the video is being casted live on our platform so it is getting generated on our platform so yes it is getting verified and while the casting is happening you can any check at any point of time Let me give you a real example. Say you are doing a live stream. At one point of time there's a you know sensitive material that should be watched by only 18 plus years of age. So at that point of time you can trigger a age verification test and whoever authenticates.

Are you familiar with the phrase garbage in garbage out? Yes. Cuz I mean like you could I could just put up a deep fake say it's me I mean or someone else. I mean there's nothing actually stopping that in this design as far as I can tell. Yes, if you are the moderator.

Okay. It seems now like you're saying that instead of verifying that the provenence of the content, your platform is more about verifying that viewers are, you know, 18 plus or whatever. I mean to answer your particular piece any point that there's a moderator who is the cast um author, right? So somebody's somebody is doing that one and you're not solving the problem. a live.

That's enough time. That's enough time. I'm so sorry. If you have questions later, you could mute it on later on. Judges, please could we have a quick score and a round of applause for the Yes.

Judges, do we have a score? Are we ready? Yes. Please give your scores. Let's so we can have our supercomputer again.

Supercomputer, please raise the scores, judges. Yeah, supercomput 11. Okay, thank you very much. Super computer. Um, moving on, we have Arnacon.

Welcome. And um, yeah, the floor is yours. A round of applause for Arnocon, please. [Applause] Last week, I received a phone call from a guy wanting to sell me Optic Fiverr. I was confused since I already have Optic Fiverr for the past two years.

But since I'm in the Netherlands, I can't resist listening to a good deal. I listened to the deal and then I wrote his number down and went online to see if the guy is saying it is. The following scenario exemplifies a problem that we all face in normal traditional telephone applications that we cannot verify that the guy on the other side of the call is saying it is in a case of a system hack or breached my number and details are all online and this is where select comes in. Select is a it's not working. Ah okay.

So this is where select comes in. selected a telecom MDNO that sells secondary numbers since over 20 years internationally already. And a couple of years ago, we decided to take our telecom knowledge and apply the web 3 core rules, so openness and privacy to it. And that led to the creation of our app, Arnacon. Arnacon is a protocol that allows you to send messages, make calls under one roof.

You can due to the core blockchain uh fundamental um infrastructure infrastructure sorry uh problems of model telephon can be solved out of the box like identity spoofing, sim hijacking and more. With Arnacon, due to the unique infrastructure, we are also gained with new and exciting abilities that simply cannot be achieved in normal telefony like multiple identities. With multiple identities, I can bring my own verified identity, prove my ownership on it, and then use it in order to make and receive calls. Now, you may ask, which identities? Everything.

Everything that you already own, you can verify your ownership on and then use it as a calling and sending messages. On the screen, there is a photo from the app showcasing my ENS that I verified, my email address, and temporary identities. Temporary identities are identities that you can bring as then use it as long as you need them. want to leave your details into a lead and then later on dispose it easy is it disposable? You can see that the comparison with revolute virtual cars but communication is not always about private interactions.

This I will skip because I don't have many much time. With Arnacon you can send messages and make calls. Due to the unique infrastructure of blockchain, we can get communication open, free and decentralized. Thank you. Big round of applause for Arnocon.

Guys, remember use the slider to send your questions in. And uh judges, what are our thoughts? So you're saying that this just uses the in this is just VIP, right? VIP. Okay.

So what is uh blockchain used for? So like which parts are stored on blockchain? Finding your uh recipient the guy you're calling to in normal telephone is being used via different service providers going through different service all across internationally during old time old school uh signaling protocol SS7 it's 40 years old or more with the blockchain because it's globally accessible. I can just go and check my recipient on chain and see the destination directly. Is that encrypt?

It's not encrypted. Encrypted end to end. Of course. Okay. Then then person verifying that has the decryption key.

Then you own your own keys. Of course, you have seamlessly integrated into the app a key pair, a normal Ethereum key pair. And then you will also put on chain for every verifiable identity an asymmetric key for encryption. It's hard enough to get people to use signal like we are not signal at all. We don't want the users.

We don't want them to be we want whatever applications you have like we see here in the conventions every speaker finishes it shows like four different mediums that people can talk to and go to. We want all of these identities that you already own, bring it in the application, prove ownership, and then just use to make communication in in one roof. But if they're not here, then we go to I didn't get like what's the handle or like what do you need to then remember of a user again? Sorry, I didn't. So what do you need?

So if I want to contact you and know it's you like I I need like your ENS or what do I need? One of the identities can be ENS. There's like a web tree where you can bring also like your email address, verify ownership with OTP identity. Yeah. Temporary identity if you don't want to reveal your true identity cuz you're afraid it's going to be left online.

So it's a platform for putting your identity information on the blockchain. Not fully understand what you said, but then no. Okay. I'm not going to agree with I understand. All right.

All right. No, but one of the issues could be like for example if you have like this mapping sword on blockchain and blockchain is public then you have an issue with like supposedly uh temporary um identities. Why? Yeah, because like all the identities are linked together. No, every single identity has its own key pair that we generate.

Especially for the temp identity that doesn't need to be related to let's say your main identity. Okay. So, how does the blockchain come in here? Like for real, you're not doing the phone call over blockchain. No, this cannot be time.

But through using the private key of like a famous wallet, let's say to sign your own identity to prove that you are yourself. But other than that, like what what are you actually improving there? If I let's say you have your I I could sign a message saying yes this is indeed my account that I just sent you a message from and send a message send with my private key over signal and signal is a generally considered a way better platform right uh telegram is more based and is much more but again they want the users to remain at their own telegram is not if you would be on telegram and you would want to write somebody on signal you cannot do that Can I write someone on signal? With our app, you could because you bring your identity from tele but there's already many apps that do cor that manage multiple you know HubSpot exists I guess. No, there isn't.

There aren't. Sorry. Okay. I think uh judges have asked your questions. Could we put the slider on for a bit because I think there are two questions that came on.

Uh, so from now on we'll all refund scammers not to use your software for their fake calls. We wired you too much too much or many by accident. Send us gift cards. What do you have to say to that? Yeah, it's it's a bit of a mouthful, but you could also just Yeah.

Well, you have to verify your identity. You cannot just act like somebody. Let's say it like this. You have to for example with the email you need for example onetime password to verify that it's actually your email. So if somebody would act as a scammer they would actually have your email.

Uh okay another question is point of the temporary identities too. The temporary identity is for example um I see I see where this person is coming from but the temporary identity is more in the sense of that you can in an event like this and you decide okay I don't really want to give you yet because I don't know you. I don't want to give you my name or my email but I do want you to have a way to contact me and then we can exchange maybe via that uh some more details. Wait, sorry. It seems to me like your app maybe makes it easier to correlate disperate personal information about someone else because you could, you know, from just one account find more info.

Maybe somebody link their address and they link their telegram and then you can find that that's actually their address. So it's actually a great oen tool if people use another another address you have seamlessly integrating into the app another address is not linked to your main address. If you decide that you want to verify it these are actually different accounts then I make a temporary identity and I try to message someone on telegram who will that message come from you can't message from aracon to telegram users on telegram ah so I can message using my account to telegram users on aracon or to any identity provider that we support and that can be everything basically but the messaging is only within your app. Yes. Okay.

Calling as well. And that's time. Thank you very much. Big round of applause for them again. Judges, can we have your votes or your score?

All right, let's see it. And what do we say? Sorry. Okay. Thank you very much.

Thank you judges. Um, moving on. We have proposal.apps. The stage is yours.

Thank you. Yes. Hey everybody. Um, good afternoon. I want to start by saying that uh this track is really cool.

It allows me to come here and just act on whatever I want. Um, so this is not going to be a pitch by the way. It's just what we did during this weekend for proposal app. I want to ask you which one of you has voted on the DAO proposal recently? Okay.

And have you read the proposal that you voted on? Because sometimes proposals are so convoluted that you have to go through a bunch of things in forums and voting platforms and you end up after 2 minutes with 30 tabs open. And um specifically on arbitrum DAO which in my opinion is probably the biggest DA in the world in the sense that it protects uh with onchain contracts the most amount of value billions of dollars of worth. Uh these proposals are really convoluted. It's really hard to understand why people voted in the way they voted and why proposals passed and so on.

And so nine months ago we were in an hackathon in Brussels and we came up with an idea of doing proposals.app which would aggregate all the information about the proposal in the same place. That's it. That's a simple idea. Instead of you going to the forum and to snapshot and to tally and to Twitter and all that you could have everything in the same place uh instead of having this mess.

So uh in proposals.app app. You can come here and you can see the list of proposals on arbitum. You can click on the proposal. You can see the text.

You can uh show the changes of the different versions of the proposal. And you can see all the comments and votes of everybody that voted including having the comments and the votes with the voting power. So this is my vote and my comment with my voting power here. And you can see that these proposals add two votes, an offshain vote and an onchain vote. And you can uh look at the current results of the onchain vote for example and you can see who voted in which way and you can go and see the previous uh offchain vote as well and you can um browse through all the proposals in prop in in arbitum specifically since the beginning of times.

So that's what proposal app does. And for the past nine months, we've been working on arbitum uh for improving the arbitum governance. And what we did this weekend was that a month ago, the Arbitum Foundation posted a new vision for the Arbitrum DAO. Um, which is this post right here on the forum, which in my opinion makes it so that the DAO in arbitum will not exist anymore. It will become centralized and it's basically posting this vision in the forum like this killed the DAO.

So what we did this weekend was to come up with a new positioning for proposals onapp and to criticize this move from arbitum foundation and literally the work was to write a forum post explaining what's going on and um you can go to the forum click on this vision post and see my post here and then my co-founders post as well uh Andre here as well And the gist of it is that arbitrum DAO is dead but also long live arbitrum DAO or any kind of DAO. We deeply believe that decentralized governance is needed and it should follow very strong values and we are building proposals app in a way that we want to increase transparency in the centralized governance. That's why we aggregate all the information together. That's why we show the voting power on comments. That's why we show when a comment has been deleted or censored by the foundation and we want to um make decentralized governance way more transparent than what than what it currently is.

So just to finish it off, our new positioning is that we're in crypto to protect individual freedom. And in our opinion, freedom of speech is the most important human right. And the most important part of speech in human beings is when we vote because the vote is the most impactful form of speech for us. So the vote is sacred and a proposal is divine and that's what we're trying to achieve with proposal app. So thank you.

Yeah, big round of applause for you. Um all right, judges, are there any questions? I I like what you're doing. Check. Check.

Yeah, I like I like what I like what you're doing a lot here. I really support it. I think it's a really great thing. I'm I'm a little bit confused about what I'm supposed to judge. Yeah, I I think you're not the only one.

I'm I I'm I'm I'm acting my way through this track. [Laughter] Basically, we we we I can talk about our building proposal app. So, it's fully open source. Um anybody is self-hosted in two servers in my house and in my co-founder's house in the middle of Romania. If you go right now to arbitrum.

proposal.com proposal.app. It's pinging my house and serving the app. Anybody can self-host it all the back end, all the front end as well.

And uh it is right now integrated for arbitrums meaning arbitum forum, arbitum offchain voting and arbitum onchain voting but can also easily be integrated for other Dows. And we want to um release it and publish and document it and we're building it in the open as well as a tool that anybody can self-host and use for whatever Dow they want. Wow. So it's it truly is a public good in the truest sense of the word, isn't it? Okay, understood.

Thank you. I I think we should try to judge it as a public good, not as an investment. I like the idea, but I didn't sort of like get the pitch in terms of like you sort of going to arbitrum.proposal.app and sort of show us.

I mean, you gave like a very long backstory, but uh sort of Yeah. The actual implementation is harder to judge. Yeah. Yeah. I mean it's it's a pretty forum basically, right?

Yeah. And it aggregates the forum comments and the votes all in the same place. Yeah. Okay. And the change that arbitrum dao implemented was lowering the total amount of tokens that needed to be commit to vote from 5% of the total supply to 4.

5. That's one of the proposals. Yeah. Okay. That's one of the proposals that we don't agree with as well because it increases the attack vector of governance attacks in arbitum.

Right now there's more money in ETH on the treasury of arbitum than what it's needed to get enough votes to pass quorum and a similar attack happened to compound very very recently and that's I don't want to say that but yeah that might be aiming it yeah yeah I agree 5% is too low that they're even lowering that more is is insane to me for constitutional proposals that can alter the smart contracts of the L2 so I really appreciate the work you're doing here It's very good. Yeah. So basically like uh okay I'm I'm using my phone to actually like browse the uh proposals.app. So like you're saying like with this like you actually remove the friction of many platforms and like uh like only like wallets that actually are eligible to vote sort of can comment and we bring more context to what's happening in the proposal because sometimes you see a forum comment and you don't know who that person is and maybe it's someone from the foundation which has way more power than what it looks like or maybe someone from one of the biggest delegates or maybe someone that has no voting power.

In our platform you can see specifically the voting power and when they vote you can see the change in voting power as well to see if they are getting more voting power or less. Yeah. Nice. Do you have any plans for expanding this to other chains to make for making this a service for general dows and general dowo tooling? So for the last for the past nine months we got a grant from Arbitum to build this a small a small one and we've been exclusive to Arbitum but now given the certain the new context we're looking into other Dows and specifically infrastructure Dows like um ENS Lido and and uh maybe unis swap as well uh that have a revenue model that's kind of important and uh that are uh willing to experiment with this kind of uh transparency in governance.

I mean usually a big issue with like voting in Dallas is like for some of things you perhaps don't want to reveal the vote while the vote is open or perhaps so like uh what are your plans to sort of like improve that perhaps like now it's even like harder cuz like you would actually see like yeah uh they're like ENS or like you would see like the the wallets amount and stuff so that's very transparent but for some of the cases I guess like I don't know some for example In arbitum D elections are shielded votes on snapshot with the shield shutter network and uh we uh of of course we only show the result after the vote is done and there's been some examples of elections in arbitum dao where someone vote bought the voting power of a big chunk to vote for themselves or a friend bought voting power for themselves and uh it was controversial and the the result of the election is much more contentious when the vote is shielded. I actually personally agree that elections should have shielded votes. Maybe all votes should be shielded because in a governance apathy kind of scenario where people don't really read proposals and they just vote because they need to vote. Um they copy the vote of people that they respect, right? They don't actually think for themselves and vote what they think is right.

They just copy the vote. It can always be like configurable like you could sort of like while the voting is open like it's sort of shielded but then at the end it could be that's how it works currently. Yeah. Yeah. Yeah.

Thank you very much judges for your question. Um we have on slido. Okay, unless that's totally fine. Thank you very much. Uh please welcome one second judges please.

Have you made your vote by the way? So we can have our supercomputers u figure that out. Well yeah tell us more about the aggregation process. You can find them later on and ask about the question that you have. Okay.

Yeah. Judges, are we ready? Okay, three, two, one, let's go. I guess we've run out of computers. Sorry.

35. Thank you very much. All right, moving on. We have oneclickfi. The stage is yours.

Good luck. Hi guys. Uh, good to be here. My name is Max. Um I'm a founder of One Click.

I'm based here in the Netherlands. I u moved there seven years ago. Graduated from uh Fontis University of Applied Sciences. My background overall is in economics and uh being builder uh practically building apps and websites since I'm teenager. Um so today I'm going to talk about one click uh and how we make DeFi more accessible.

So the problem is with DeFi is that it's as lucrative as it's confusing. So you have, you know, people can make life-changing money with yield farming and airdrops, but it could take you days or even weeks to figure out how to use a non-custodial wallet. And uh even when you do, how do you know which of these 6900 protocols and hundreds of chains should you use and which ones you should avoid? Now at the same time um the D5 protocols they are scrambling for users. They are looking for liquidity.

They're practically ready to kill. The co the competition is very fierce. Now what if there is a solution where you can access all the top opportunities on the DeFi um basically in in instant access uh earn premium rewards and save on gas fees. So basically that's what one click is about is a like an abstraction layer that connects liquidity providers with top D5 protocols and on the user side we help with discovery so you can find the best pools that match your unique profile um budget and goals uh getting there basically you can instantly deposits into any pool from any chain or any asset um earning better rewards. So we have like a loyalty program with some of these protocols that help you to even earn better rewards than by default with them.

So it's um pretty important and tracking everything from one place without having to juggle between like tens of different tabs. Uh so our solution is unique because it's not just a dashboard. It basically a D5 farming super app that gives you a one-click access to one of the best opportunities and allows you to save on gas fees and earn better rewards. One of the best parts about it is it also available as an API SDK widget. Think about it like a 1 in but for farming like any wallet, any DAB can integrated inside their own products.

Um we already partner with a lot of cool protocols like Stakestone, Puffer, Origin, uh received some grants, build a community. Um the team is pretty diverse with background in finance, uh AI and web 3. I know it's not a pitching uh event, but we are currently closing our seat and the app is uh still in beta. We're looking for like-minded people to help us bring it to the next level. happy to take any questions uh or feel free to catch me here around or connect on Telegram.

Thank you. Big round of applause. Very nice. Very nice. All right.

Uh remember to set your questions through Slido and judges please ask away. Uh okay. Do you just aggregate various sources or do you actually hold user funds and then reinvest those user funds? But there is a step between that where you know it's on your platform. Yeah, that's a great question and by design we don't hold any custody or user funds.

We basically act as a front end router on top of existing D5 protocols. Okay. But you mentioned you are able to provide additional yield uh in some cases uh and that you have special deals. So how does that work? So basically the protocols they allocate a separate pool of rewards that is getting streamed to users that are coming from our site.

But that happens separately manually. Uh it depends like if I invest into a unis swap pool there will not be a magic modifier on that unis swap pool. Instead I will just get some air drops of addition. So yeah, this this really cool uh question cuz the uh technical part is really tricky cuz every protocol has their own smart contract design and some protocols they support the referral kind of field on chain. So we can pass it through you know our front end and they can allocate rewards by you know default automatically.

For those that don't, we also provide infrastructure which basically um like aggregates all these addresses that coming from one click and then we basically feed it to the protocols via API or like via CSV file. They can distribute rewards manually through Merkel or whatever and um yeah it's all automatic as well. So it would be fair to compare this to Jupiter like as a super app and and and and if so how's how's it different to Jupiter or if not why is it different to Jupiter? I would say Jupiter is more focused on trading. So it started as like a swap aggregator and like you know but it plugs into everything now, right?

Does it have like the yield aggregation as well? I believe so has per now too. Yeah. So so we don't really focus on per trading or like all this DCA type of features stuff like that. We focus specifically on the earning part.

So we collect all these opportunities not just on the yield uh liquidity provisioning but also staking liquid restaking lending borrowing all kinds of yield that you can find on chain not specifically related to trading. I would put a lot of these things in a similar category of DeFi. But I mean why why restrict yourself that way then? I mean and the idea of everything super app is that it does everything right? Like why why restrict it?

So what what's the question again? Well, what how does this compare to Jupiter? And you're saying it does less than Jupiter is what it sounds like what you're describing. So I think Jupiter is just native on Solana still. It's it's multi-chain now as well.

But it it seems very similar to that project and I like the idea of a super app. I think it's a good idea. Uh may unless you have another answer to this. I have another question. Yeah.

Yeah. Sure. Just to add to that Jupiter doesn't provide the boosted rewards that we do through this referral, right? That's because of special deals that you're able to do on your end. Yeah, I understand.

Um, another question cuz cuz you mentioned talking about, you know, solving the problem of what to buy and and I and and an app like Jupiter takes a more neutral stance there. They're not going to tell you what you should or shouldn't buy or what's good or what's bad. And you're making the claim to kind of help solve that problem for users. It seems a bit problematic, right? like is does doesn't that put you in the position where you're giving financial advice, you're making judgments about very complex systems?

Do you really want to put yourself in that position as an app? Yeah. So that's a very fine line to kind of you know for projects to consider crossing and uh there is difference between like you're actually giving advice or you just provide information. So right now we're positioned as hey you know here is all the data that you need to make a decision. You have all the stats all the TVL all the risk analytics numbers and you can make decision based on the data.

I mean I mean that that would take a whole research team just to maintain that accurately right perhaps I have like a similar question but different simpler one. So like how does the project get revenue then like from these special deals? Yeah, we take a cut from these deals. Exactly. We might consider charging like transaction fees from the user, but we don't really want to undercut, you know, the the user's ability to generate any revenue cuz Yeah.

our our value prop is actually helping. They might be incentivized to like promote the projects. Yeah, exactly. Seems there's a perverse incentive there then to promote the projects that are paying you to do this. No, there there are we put risk first, right?

So, we don't promote like garbage or whatever. You're you're not addressing the bias that's inherent in this situation. There's there's a perverse incentive, right? Cuz if you're getting paid by the projects and then you know you have an incentive to then list those projects because you'll make more money that way. If we're confident that uh these projects will receive demand from community, then yes.

But if it's some kind of garbage protocol, like why would I mean who says what's garbage and what's not? That's that's the problem I'm putting out, right? Well, same problem exchanges have, right? Binance lists all kinds of tokens. Um, and like PE projects pay Binance for listings, but you know, yeah, at the end of the day, any aggregator comes with a premium, right?

Well, I mean, there's a I mean, there's a choice. There's a choice whether you want to be more neutral as an aggregator or if you really want to make more judgments about things. And I think Jupiter has taken a more neutral position. They'll list things based on volume even if it's trash. I actually think that's a better way to do things because it it avoids the bias.

Yeah, I agree. So there is also balance between all these things and you always have to put like the users first and you know don't don't promote really shitty projects. It's uh great by default. Great question. Yeah, very great questions, guys.

Questions. Um, okay. Now, judges, please uh give a score and show that to the rest of us. Are we ready, judges? Okay.

3 2 1. Okay, perfect. I see someone. They're still busy. Okay.

Okay. Whoa. Okay. Might be drawings at this point. Um, what are we saying?

What are we seeing? 25. Thank you very much. Um, another round of applause for one click, guys. Lastly, we have Fidium.

Fedesium. Fedium. Thank you very much. Sometimes it's a bit hard, you know, with the vowels, but uh the stage is yours and also good luck. So hi, my name is Abe.

I'm one of the founders and CTO at Fidesium. We're a web3 devs sec ops business bringing security automation to the space. Now, as we all know, hacks and scams are legion in the space. Everybody you speak to will have a flavor of story of how they lost four, five, six figures to hacks, to scams, to booters, right? Chain analysis put out a report every year in uh 2024 3.

8 8 billion were lost to cyber threat events in this space. So why is this right? There's a number of reasons why this is true. They're interlocking complicated, but one of the reasons is actually in chain analysis's own report. It turns out only roughly 5% of protocols in the space have any kind of audit any and 94% of protocols with deployed code are out of date on their audit.

I.e. the code deployed and the code audited are not the same. Now the question is why? Well there's a few reasons but in a nutshell audits are manual slow their lead times are measured in months their passing times in weeks.

They're in they're expensive often charging five six figures for this manual review and as demonstrated they are out of date near enough as soon as they're done for a protocol with any significant level of activity. But we at Fidesian believe there's a better way. This problem is largely solved in web 2 by companies like Snick IDO and their defect defect ops providers. What if you could connect your GitHub? What if you could connect to GitHub, import a project from your [Music] GitHub, run a scan, which on the back end, clones this repository, spins up a Docker container, and points a battery of tests, static analysis, and a analytics primarily at it.

We got about 2 and a half thousand detectors written and boom. Now we find a number of things there. U we vary obviously in scope and significance. We find gas vulnerabilities. We find re-entrancy attacks, privilege escalations, oracle failures, a variety of things.

We have two and a half thousand detectors. But the point is you went from sign up to scan in I don't know about 30 seconds. Now, on top of all this, I'm sure you all love talking to salespeople. But what if instead you could just look at a website, see a price? You enter your credit card, you sign up, you get a scan.

And I've actually got 5 seconds to go. Amazing. Amazing. Straight to the point. No fluff.

Just raw demonstration. Um judges, now is your time to pick it apart or tell us your thoughts or questions? Can I go first? Uh so usually like what happened like to our project lately was um we get a lot of like inbound bounty requests and it's usually like people using Jad GPT or uh tools that are similar but producing a lot of like um let's say noise uh false positives. Yeah.

uh and like we waste even more time. So like I saw like I don't know 60 critical uh things I don't know like this all seems like uh very perhaps like artificially inflated. So that particular protocol that we use for testing, I don't know if you noticed it, the repository is called test-contract-stable-3. Uh it's obviously full of criticals because we want to test our software, right? It's just what we use for demonstrations.

Um I've got I'm no longer on screen, but I actually have a redacted report from a customer that I could have also shared if I had more time. Uh the rate of criticals we find is significantly less than that for real projects, right? So that particular report had two criticals in it. Uh one was a privilege escalation attack and one was an Oracle feed failure, right? Or the potential for an Oracle feed failure rather.

So winding this all back where you started this question was you get inbound bug boundary requests from people using chat GPT right and in a nutshell we don't currently use any AI under the hood. It's all much more traditional techniques because of exactly this problem, right? Like wrapping, claw, chachbt, etc. You will find some stuff, you'll also miss stuff, and you'll find a bunch of stuff that isn't there. This is ultimately high precision work.

Um, and AI just isn't there yet. So I think like a great thing would be to a great thing to do would be like if you buy or like let's say commission a traditional audit and like give the same code base to your tool and just like sort of compare them comparison right yeah so we've we've stolen customers from some of the traditional audit houses I I'm not going to be naming names here uh we've saved one of our customers 700 grand they had spent with major auditor A uh before signing up with us and they have now renewed to service twice. So it certainly suggests that they might be happy. We've also uh taken their audit reports that were provided to them by set auditor and this was a year and a half ago now that start that was the first set of detectors we built to match that performance. Obviously we've also benchmarked against so Halburn publishes their audits publicly uh all of them.

Now we don't have access to the code underlying the audits at least not always but we have gone through those audits and we are continually generating new detectors and ways to find those bugs for our customers. Okay. Uh so you are past the point of just running basic existing stuff like slitter and basic detectors. You have some more advanced stuff. Correct.

We've built our own on top of often on top of slitter. Not always but on top of slitter but yeah way way past that. Okay. So a nice value prop would be like you could actually like sort of have a continuous uh let's say auditor versus like you audit like the code at one point in time which is done by a a human like or an agency. So like I think that's a very nice value prop.

Do you have any public benchmarks? Because if you have an automatic scanning tool like I mean yes many many projects audit that are not public but you could take the commit in the audit take you know 10020 audits and you have a public benchmark cuz at this point you know I've seen a lot of what I'm an auditor okay I've seen a lot of what the automated tools do mostly useless even open zeppelin has a tool it will spit out a bunch of issues like 60 70 of those about two may be useful and that's it. So the question is do you have any real benchmarks on finding real issues especially more complicated correlated stuff you know multicontract systems and you're not catching anything with slitter one minute so okay uh the short answer is no not at present right we are still relatively young as a business we have not gotten to publishing public benchmarks yet it is on our road map but it's not something we've done to date um multicontract systems and bugs so we do find some things in those systems uh because ultimately like I'm I'm cutting out a few steps there right like we ultimately we go through like transpolation step we basically generate a flat contract of what it might look like once it's deployed on chain and then run against that as well which helps us identify some issues um yeah that's it if you can just give some cuz you you would expect if you pay an auditing for millions of dollars they would do a better job than your platform Right. So, there's a there's a scale here, right? Like, um I I think it's fantastic, by the way, because I think like the reason why we don't have a lot of enough audits is because it's so damn expensive and that you're bringing the cost down in a way like this that at the same time, you know, might not be as thorough as as the other type of audit.

It does uh democratize that to more people. And overall, I think this is great for the space. So, yeah, really well done. Okay. Um now, judges, please.

Um, let's rank. Okay, are we ready? Three, two, one. What do we see? 37.

37. Amazing. A big round of applause for Fudacium, guys. All right, we've made it to the end of the author track. I saw we all saw very very amazing and promising products.

Sorry. Yes. So, unfortunately, as you can see, we skipped some people that were not here. Move AI is one of them and Neutron or also not here, unfortunately. So, yeah, sometimes it happens.

Um, but that being said, we're going to take 10 minutes actually a bit. No, we're okay. I guess we're changing. We're moving straight. We need to, you know, gain some time.

We are trucking on. But either ways, that was it for AutoTrack. Please give a round of applause to everyone who presented. Yeah. Guys, come on the stage.

Come on stage. Oh, now they as in as in Oh, yeah. No, just just just come on the stage. These guys were the guys that grilled it. And in my inbox in a second I'm going to get the results of your scoring.

And so now we can all look at these guys and say so actually the top one with the highest score was Fedesium. Yay. Oh my. And then in second place we had proposals.app.

Woo. And then we had Robin coming in third place. Yeah, I agree. Cool. Thank you very much, guys.