# OtterTrack | Hackathon - Existing Projects  | ETHDam 2024

- Channel: [CryptoCanal](https://streameth.org/cryptocanal)
- Date: 2024-10-07
- Duration: 1:28:30
- Watch: https://streameth.org/watch/yt-SCG7ktaULXY
- YouTube: https://www.youtube.com/watch?v=SCG7ktaULXY

## Description

🦦OtterTrack is a special track for existing projects with pre-existing code, looking for more exposure, stage presence, and direct feedback from our Otter Judges. During the hackathon, OtterTrack projects had to jazz up with a fresh new feature, earning them a shot at presenting their progress onstage on April 14th.

🎤At ETHDam 2024, seven OtterTrack projects grabbed the mic for their 5 minutes of fame, followed by the judges' comments and scores. We aim to inspire hackers to keep building. Often, winners collect their prize but drop the project when real life intervenes. How many great ideas have gone to waste?

Jonathan Knegtel - MC of ETHDam, data aficionado and your favourite wooden bowtie. 

🏆 Top Scorers 🏆
🥇 Fidesium: https://www.fidesium.xyz/ 
🥈 LottoPGF: https://lottopgf.org/
🥉 Slider: https://slider.sh


⚖️🦦 OtterJudges  🦦⚖️
👨‍⚖️ Aron van Ammers - Outlier Ventures  - Chief Technology Officer and Founding Partner
https://x.com/aronvanammers https://outlierventures.io/ 

👨‍⚖️ Martin Eckardt - Avalanche - Sr. Developer Relations Engineer
https://x.com/martin_eckardt https://www.avax.network/important-notice
 
👨‍⚖️ Pim Swart  - Maven11 - Principal
https://x.com/0xpostscryptum https://www.maven11.com/ 

👨‍⚖️ Rene Darmos - Moonhill Capital - CEO
https://x.com/xrendolf https://moonhill.capital/ 


⭐ ETHDam 2024 OtterTrack Projects ⭐
🦦 Paygrid: https://paygrid.network
Blockchain payment orchestration infrastructure for businesses and developers to streamline payment workflows with a single integration.
https://x.com/paygridx https://twitter.com/0xkhalid 

🦦 Armitage: https://armitage.xyz
Armitage is a platform designed to offer a unified metric for tracking engineering impact. Our goal is to gather all relevant metrics that hold significant value for an organization and generate a singular contribution score for each individual. We aim to do this with zero manual interactions and zero configuration, leveraging this data to enable reward workflows with web3 and traditional finance.
https://x.com/armitagelabs https://x.com/sudoferraz 

🦦 DeFiPy: defipy.org
A modeling tool for DeFi that allows you to simulate DeFi positions and strategies before deploying real capital. Built with Python and refactored from Uniswap V2 (V3 coming soon) and fully open source to allow TradFi quant tools to start being used by the DeFi community.
https://twitter.com/DeFiPyDevs https://x.com/abusyhippie 

🦦 Slider (previously 0xFrame): https://slider.sh
Slider is a simple modal for dApp frontends that allows a user to use their any token on any chain on any protocol. 
https://twitter.com/slider_sh http://x.com/cesarhuret 

🦦 Fluidpay
Mobile native wallet for P2P payments and group expense management.
https://ethglobal.com/showcase/fluidpay-tpqvz https://x.com/limone_eth 

🦦 Fidesium: https://www.fidesium.xyz/ 
Real time point of use security.
https://x.com/Fidesiumapp 

🦦 LottoPGF: https://lottopgf.org/
LottoPGF is a protocol to launch lotteries for public goods funding on Ethereum.
https://twitter.com/LottoPGF https://x.com/nicnode 


ETHDam - a conference and hackathon held in the heart of Amsterdam, Netherlands from April 12th to 14th, 2024, celebrated its second edition, gathering more than 600 participants. 

ETHDam is powered by CryptoCanal, an education and events platform growing in Amsterdam, spreading its roots to Rotterdam and Zürich.
Keep up with us to see updates on future events: https://www.cryptocanal.org/ 
Follow CryptoCanal on X: https://twitter.com/CryptoCanal
Join CryptoCanal TG Community: https://t.me/CryptoCanalCommunity 
Join CryptoCanal Discord: https://discord.com/invite/XJVjpCqQBz

We would like to thank our partners that made this event possible. 🌷
Battleship Partner 
🛳Oasis Network https://oasisprotocol.org/

Jet Ski Partner
🛩⛷  NEAR https://near.org/

Canoe Partners
🛶WAKU https://waku.org/
🛶Trail of Bits https://www.trailofbits.com/
🛶Avalanche https://www.avax.network/
🛶Privacy + Scaling Explorations https://pse.dev/en
🛶Threshold https://threshold.network/

Our Canoe Partner & Official Node Provider
🛶dRPC https://drpc.org/

Sponsor
🤝EF Ecosystem Support Program https://esp.ethereum.foundation/

Paddle Partners
🚣ChainSecurity https://chainsecurity.com/
🚣Lido https://lido.fi/
🚣Cyber Capital https://www.cyber.capital/
🚣Diva https://www.divastaking.net/
🚣Firn Protocol https://firn.cash/
🚣Beefy https://beefy.com/
🚣0xbow https://www.0xbow.io/
🚣Obscura https://obscura.build/
🚣Panther https://www.pantherprotocol.io/
🚣Maven 11 https://www.maven11.com/
🚣Zama https://www.zama.ai/
🚣zkSync https://zksync.io/
🚣Secret Network https://scrt.network/

ETHDam AfterParty Fren
🥳Bitvavo https://bitvavo.com/en

00:00 Welcome 
04:08 Paygrid
16:04 Armitage
27:20 DeFiPy
39:14 Slider
51:06 Fluidpay
01:02:26 Fidesium
01:14:17 LottoPGF
01:26:51 Top Scores

## Transcript

What's going to happen in a minute is we're going to have eight companies present in something that Crypto Canel calls the Otter Track. And normally it's Otter Tank, but this is the Otter Track because we're at Eth Dam. We're quite close towards the end now. What's going to happen is we're going to speed run through these eight pitches. And these eight pitches are not so much focused on the hackathon, but they're more focused on the products that they're actually that they're actually building. And they claim that this is much they're they're looking for investment. And what we're going to do is we're going to enable them to pitch in front of the three VCs that just sat on this couch. And each company is going to get five minutes to present. After those five minutes are up, what we're going to do is the the team is going to unplug their laptop so the next team can plug it in. Because there's a lot of things that there's a lot of technology and wires involved this whole process. And then the judges are going to be invited to come to the stage and sit down. And they will then be given five minutes to ask any questions during that time. We will also have the Slido enabled while this is going on. So the VCs, we may also try I'll also obviously be trying to moderate this. So maybe we try and throw in one or two questions from the audiences as well. Once we've gone through that entire process, what will happen is the the VCs are going to hold up their score cards of what score they believe the blockchain project got and how investable are they. Do note legal disclaimer, this is not a promise that the VC does want to invest if they give you a 10. However, if they do give you a 10, definitely speak to them afterwards because you guys might make some uh whatever you want to call it as long as it's not a meme coin, it's all right. Um does that make sense? Yeah? Does anyone have any questions before we start this chaos? Because it's going to be a lot. Any questions? Okay, I'd like one final check of all the people that are going to present on this side of the room. Yeah? If you're presenting and you're sitting on that side of the room, I'm going to get pissy. So, um yeah. Um there is an order to it and I do believe that that order is being shared. Um so, you should know this. So, please be ready when we're transitioning. Um and if we're ready um and if the screen is going to work Pardon? Let's see if it's plugged in. If we can try, let's see what happens. I'm waiting for some signals or It's not quite here. This is the list. Uh I guess that's Bermuda Bay. I'm assuming. I'm assuming. Um cool. Can we show the first uh contestant? And what um one thing that um I want to point out is that we're going to try something, someone's idea. I don't know if it's going to work. Um but basically, if you see me starting to do this that means there's 30 seconds left. Now, that means when I start clapping everyone needs to start clapping and obviously the person that's there is going to realize that they need to stop talking because it's going to be too loud so they can't speak. Is everyone going to Should we try and give this a shot and see what happens because it's kind of nicer than a timer or a beep beep beep beep? Yeah? Yeah? Yeah? [ __ ] Okay. Um but I do need someone to keep a 5 minute timer. Can someone do that? Dax, are you up? Someone can do a 5 minute timer? Um, that will be Oh, we Oh, we got one up there. Oh, yeah, the timing girl. Okay. Are you ready? Yes. Number one. Take it away. All right. Test, test, this works. Um, hello everyone. My name is Khalid and I'm here to talk to you about PayGrid. Um, so just to kind of start it off, um, well, traditional payment systems have really not really evolved over time. Uh, the whole network is basically a patchwork system of disconnected intermediaries trying to coordinate disconnected systems to make money move up globally around around the world. And when you when you think about it like uh, blockchains really offer us the tools and platform to remove these intermediaries, perform the trust factor, and and move money more efficiently. However, what does blockchain payments really mean? Or what does that even look like? Well, today blockchain transactions are not payments. They're really just transactions on a on a digital general computer ledger. They tell you where something moved from one place to another, but they lack the context. And the context in the payment sense is what this transaction is for. What's the purpose for it? What does it mean? Uh, what can you do with this uh, with this transaction? So, what's the next step? So, you can it's hard to make automations from that kind of uh, uh, from this type of uh, situation. So, what this ends up doing is it actually forces developers to repeatedly build complex payment infrastructures uh, um, from scratch every single time. So, every single payment blockchain payment solution is essentially building yet again the same payment infrastructure to to to make payments happen. And that's really what we do. We uh, PayGrid helps developers build blockchain payment solutions with a single integration. And what this means is we add context to to we we act more or less as a payment as a service infrastructure. We add context to payments. We allow developers to perform automations and do other additional transaction actions based on on the actual transaction. You can do recurring payments. You can do subscriptions from there. You can uh and we offer all of that into one single API package so that you could also do cross-chain transactions and things like that without really having to build that infrastructure. And the goal for this is to help builders basically focus on the product that they're building and leave the payments work simple and straightforward. You can think of this as Plaid for blockchains in the same sense that they connect banking open banking APIs for businesses. Now, the architecture on a high level it basically connects on the top left you can see it connects operators. Operators are basically who interact with the payment protocol that we own that we currently developing basically. And these payment operators can interact with APIs SDKs or smart contracts and they can perform a bunch of things. Now, the the infrastructure's power is to really glue different pieces together. The identity systems so you know who you're talking to like whether it's ENS systems or DID systems. It connects with fiat rails so you can also make it interoperable with fiat rails. It has an orchestration element that does smart routing so it knows if you want to do a payment from Polygon to I don't know another chain with this asset we do the smart routing orchestration for you. So you we connect with aggregators and things like that to perform the actions. Um and we allow you to do workflow automations. So you can say, "Okay, when this happens do this, do this, do this." Additional business logic basically can be baked into it. We finally connect compliance and security. So we also screen transactions for AML screening. You can apply compliance rules. You can say, "I will only work with transactions that follow these compliance rules." That's for regulatory requirements. And we set an agreement standard that actually supports the ISO 20022 which is a international payment standard that's used by financial institutions. Let's see if this is going to work. Yeah. Our thesis behind this is that one fiat and blockchain payment rails are merging towards seamless interoperability. Eventually, you will not really know the difference between a payment that settled on Swift or settled on a blockchain rail. Uh second, regulation is inevitable. Inevitable. Um yet it presents an opportunity for broader adoption and um and trust. Uh the more regulated it gets, the harder it gets, but the better we can actually use these systems. Finally, blockchain the infrastructure is really evolving at an incredibly fast rate that will set the ground up for global real-time payments, things like smart contract accounts, um and other various improvements in scaling and L1s and L2s and potentially maybe L3s. Uh this is all basically paving that way there. So, on a high level, um on a high level, basically, what uh what you can do is There we go. It's loaded. So, this is, let's say, a developer uh that's trying to uh perform uh using the APIs or SDKs. Uh you can define your source chain, you can define your uh source token. Oh. Done. I didn't see you doing anything. 5 minutes, man. 5 minutes. that's fair. You can continue watching the video as it goes in the background. I like that. Good demo. All right, judges, now you got to jump up, jump on here, grab a microphone. Let's do this. Um So, again, as a recap, you can ask questions on Slido. That still works. Um we have a new addition, the gentleman from Avalanche. Welcome, welcome. And so yeah, if we hit the timer again for 5 minutes, let's go. Throw your questions. So free for all. And then grading after? Grading afterwards. Great. Okay, very awkward. No, or do you want to do I just got a question in. How many users do you have? Revenues? Anybody using this? Um What's the current status? Yes. customers Yeah, so we're still we're still in quite uh early stage. We haven't fully launched the product yet. We've been doing a lot of uh let's say small pivots. Essentially, we want to align the product, the the the proposition, and the persona, and the problem that we're solving. So we've been doing a few small pivots from just actually talking to people and trying to well, solve these problems for them, and we actually realized that this is uh kind of one of the core problems that we want to that that we can solve best. Initially, we were offering businesses a way to access crypto payments, but eventually this morphed into actually infrastructure that we can solve. Um so I would say still early stage. We have a few promising leads of of people we've been speaking to that would use something like this. Um but yeah, early stage. Okay, thanks. why you pivoted away? Uh sure, yeah. Initially, we we were kind of approaching this more like a Stripe for crypto in a way, essentially. Like here's merchant tools, here's this and that to do this. But we realized that one, the market is extremely saturated, and two, it's we're basically remaking the same problems we did in in in traditional payments again. You have all these operators who are all siloed away. You as a user, you go with this one, or you go with this one, or you go with this one. Um and it forces a lot of operators to solve these problems in again repetitive ways, either just the same thing over and over, or choosing more centralized routes to solve the problem. So, we we realized that if we actually build the self-custodial protocol, that will actually give us a superpower to put really powerful APIs behind it, and just use the composability of Web3 to offer that instead. So, we can enable more Stripe for crypto instead of being one. Yeah. Have you Have you any seen any traction from a non-crypto native enterprise? Yes. So, we're speaking to a fintech company called MamoPay. They're basically a fintech company in in in in UAE, and what they do is, you know, like they offer businesses merchant tools to manage their business, accept payments, do all that sort of stuff. And part of their roadmap is to to to enable crypto payments in their in their tooling, and that's another thing is many fintech companies in Web2 already have all the tools they need to do all the hard work. They just need to connect the blockchain rails. They already have the merchant dashboard, they already have the APIs, they already have the integrations with the customers. So, we're speaking to them in in how can we give them the blockchain payment rail into their existing products. That's all we got to do. Yeah. How big do you think the market is for, let's say, the Stripe like approach? So, basically getting consumers to use stablecoins, crypto, whatever for payments. How big do you think that market is right now? Right now, it's it's it's definitely headed much more towards stablecoins as a standard way of transferring value, and you can also see it in bridges. Bridges mostly best work with stablecoins to transfer that value. It also tells you that the US dollar is incredibly strong that it influenced even made it all the way into blockchain. But yeah, it's mostly around stablecoins, and that's I think one of the main use cases for this essentially today. And going forward, you can like there's already a lot of experiments and examples from governments and financial institutions to bring CBDCs over in uh, in private blockchains using Hyperledger or things like that, which we also want to be interoperable with in the long run. Yeah. Last Last quick question. And can you unplug your laptop when you get the next guys on the charger? And maybe we need to give him a microphone. We're going to figure this out on the fly, guys. Okay, yeah, sure. Okay, so Last question. May I have one? Yeah, okay. So So why should you be the the the one who wins this space? Like there are the space is already crowded, saturated. And what's your unfair advantage? What is the summary that you would pick? Like your unique selling proposition or unfair advantage, something why you should win. Well, our our unique approach is that we actually have our own payment protocol that powers this. Uh, so you can't really do these APIs in this abstracted way without actually having a protocol to do it. So that's the first technical advantage that we have is we we we can get to control both the self-custodial protocol part and the integration tech. But besides that, at the market is saturated in one aspect, which is how do I let you as a business accept crypto payments? Yes. Uh, payment providers, essentially. But it's not really that crowded from an infrastructure point of view. So payment as a service uh, infrastructure. Um, and you know, there will always be more people. You just got to navigate your way through it. Yeah. Thank you. Okay, now it's time for score cards. Thank you very much. Now it's time for score cards. And the score cards are after the questions, because maybe he gets a higher or lower score depending on their answers. Right? So, uh, write down your scores, anywhere from zero to 10. And um, on the count of five, I'm going to ask you to show it to uh, the audience. Okay? Ready? Nope. Yeah. Okay. 5 4 3 2 1. Okay, okay, okay. Oh, Pim's got the highest one. All right, all right, Mr. eight over there. Mr. eight. Okay, cool. Thank you very much. Um off the stage. We don't need any applause, but applause very much for our first presenter. Thank you very much. You guys, we have to do this eight times, so we're going to get better at it. Okay. Are you ready? This timer is up there, so you can see a timer, so you know. Um guys, there weren't any questions on Slido that time, at least from what I understood, so that's why I didn't ask, but if there is, I will try and fit it in. Uh ready whenever you are. Go for it. All right. Uh so, we only have 5 minutes. Let's Let's go. It's going to be a ride. So, we are Armitage. We are basically a platform for permissionless collaboration between software engineers. And I would like you guys to start imagining Alexey, and Alexey is a software engineer. He wants to build a cybersecurity tool as a SaaS business, but has no capital and means to raise it. Although he's very good with cybersecurity, he actually lacks the skills of UX, UI, infrastructure, and other things that he actually needs to bring a product into the market. And he actually met John and Jane on a forum. So, the thing is that Alexey never met John and Jane in person before, and he doesn't know how much commitment they can actually put into the product and the idea that Alexey has. So, they probably have a full-time job, and they definitely want to be rewarded when the project succeeds or becomes big. So, there's basically two paths here that Alexey can choose at the moment. The first one is the traditional path, which would involve fundraising, incorporating, all the legal liabilities that he would need to go through. And the other one is the Dow path. So, one thing that you need to take into account is that Alexy never actually worked or created or participated on a Dow before. So, he sees a lot of these new complexities and it's quite daunting to him to understand how these voting mechanisms work, what are the initial participants on it, what are the proposal acceptance criteria and other things that are quite complex to manage. So, Armitage really is trying to create the third viable path for Alexy to launch his product and to collaborate with other software engineers. And we are basically trying to give him the tools that he would need to be able to monetize that product and be able to collaborate with other software engineers at the same time. We identified that basically there are three problems here that we need to solve. The first one is really to understand how a contributor generated impact into that project and to really create a single unified quantifiable metric that this contributor engaged or participated on that project. The second one is to really create some type of incentive mechanism to be able to reward these contributors with something, in this case a token, that would basically tell them, "Hey, you contributed this amount of impact into this project." And the third one is some type of monetization rail that this project would need to to use to basically distribute all the profits of selling this product or service in a way that is fairly distributed to everyone that actually contributed on that project. So, here comes Armitage to the rescue. This is a quick diagram that I'm going to very briefly go through. Alexy just needs to log into Armitage and register one or more GitHub ripples into it. We're going to use SourceCred to actually analyze those contributions and give them every individual contributor a single score or metric of how much they contributed specific to a time period on that project and we're going to give Alexey let's say a holistic view on the on that on the project itself and also create some kind of reporting too. And be able to basically distribute those tokens or artifacts of contribution to all those individual contributors. Basically we're going to also create this attestation as a form of certificate that allows us to measure different time periods between collaborations. And the monetization part of it very briefly going through it as well. We need to enable basically to sell that product or service through the token of the project that Alexey is creating. So by enabling someone that wants to buy that product or service to burn the equivalent of X amount of USD let's say, we are able to incentivize everyone that holds that token through every single purchase of that product or service on that framework. So what we did on F10 was actually the private attestations. Right now we are actually live and you can create an attestation to basically display that you are the top one contributor on a specific project without actually leaking any intellectual property of that project and without having to display the code or the actual project itself. So it could be a closed source project and on our road map we're going to start working on the token incentives and fundraising on the next month and after that we're going to work on the monetization part of it. So yeah, that's Armitage and yeah. You're too quick. That ain't good. 10 seconds. 10 seconds. Yeah. That's it. Thank you. Yeah. Cool. Thank you very much. As a quick reminder, when I start doing this softly, that's 30 seconds. And then as we get to the end, it's that. But you did perfectly anyway. So, guys, please come back to the stage. Um and uh let's quick fire a question and just go for it and jump in. Yeah, start. Okay, so uh We need to give them a microphone again. Sorry. Did we lose one? Yeah, I donated. Oh, I can use this. Here it comes. Okay, so uh at the end you mentioned that uh the project is already live. So, there is MVP, there there there is working product. So, are you already having some customers or uh how does this look from this business point of view? So, basically, right now we are Okay, yeah. We have around 27 beta customers right now. And uh these uh between these beta customers, we actually already have some teams that are remunerating and paying contributors based on those Armitage scores. Uh we also received a grant proposal from Near Foundation to build as the first blockchain that we are going to support. If you remember on that architecture diagram, we actually don't specify which chain uh we are going to be deploying. That's uh up for negotiations, I guess, and uh for discussion of people. But uh yeah, we have the beta live and we already have some people using it. Yeah. Are you aware of any uh like similar attempts to this in the past and and why did they not succeed? Or current ones? Sorry, could you repeat Any Any existing competitive projects that uh or or previous ones that tried this and failed or that are currently around? So, there are a couple projects that try to tackle the same problem with a very different perspective. For example, Karma, Coordinape, and really trying to give tools to manage DAO complexities. But, what we're trying to do is really to create some type of cohesive framework that people don't really need to worry about those complexities and just do what they do normally, which is coding and creating a product and creating a project. So, in that way, we have competitors, but in a very different perspective, I would say. Um maybe a sort of fundamental question, but how big do you think the problem that you're trying to solve really is? And are you actually solving a big problem? Because you had this like intro slide of like A meets B and C. Basically, they start working together on something, and instead of sort of figuring out, you know, person-to-person, how do you distribute incentives, etc., you want to sort of automate this away. But, is that really a big issue? Like, if I if I'm person A and I find person B and C, can I not just figure this out with them? Well, we think, being very optimistic, we think that our market is basically every engineer that wants to build a side project or an idea. And everyone that has a GitHub account, basically. But, uh more realistically, I think that our, let's say, early evangelists or early adopters would be people that are already into the web 3 space and want to give something that is very streamlined to create a product out of it. But, uh after we get some traction on that, I think it's going to be much easier to penetrate into other spheres. Uh for example, non-web 3 engineers as well. So, it's really we are really laser-focused on software engineers. So, it's really the market of software engineers worldwide that want to release a product or service. Yeah, I have a bit of a follow-up question because you just mentioned that you don't know which layer one you're going to launch on, and that's up to debate. So, I share your concern that this is a rather small problem. Just launching on a single layer one that then might even be a niche layer one will cut it down to an even smaller target group. So, why do you plan to launch on a single chain not like just all over the place multi-chain? So, the discussion is more on the sense of who wants to be our first uh use case, what is the ecosystem that we're going to launch first. And uh definitely we have plans to support multiple chains. Uh we are not really a product that needs to be on a specific ecosystem. We're very agnostic and uh we are really tackling it from the problem perspective instead of trying to go into a specific ecosystem. So, yeah. Uh you mentioned that you are having 27 customers currently. So, what's your uh revenue status? Um So, right now our business model is basically to charge fees on the token minting and also on the payment gateway. What we have at the moment that we built on nights and weekends basically on the past 2 months is the platform to measure contribution scores. That does not charge anything. Everyone can use it for free and everyone can measure a project and see how individual collaborators have impacted the project. Okay. Out of all of these customers that you are having currently, if you apply the fee that you want to apply, what would be your revenue like? So, the fee would be more in the next step of that workflow, which would be creating a token for that project. In that sense, we are almost like uh VCs of projects. We are basically taking part on the success of every project. Thank you. Cool. Thank you very much. It's difficult You guys are so intense, it's difficult to get the audience questions in. So, I wanted to leave you guys to that. Um so, thanks a lot for that. Uh what we're going to do is now your scores. So, we're going to count from three this time and please show them to the audience. Are you guys ready? 1 2 3 Okay. Okay. Woo! Yeah! Cool. If you guys can jump off the stage, we're going to kick off the next one. We're going to try and find the name. So, next up we have DeFiPy. And so, please give it up for DeFiPy. All right. Uh thanks. This is DeFiPy. Uh we're been working on the DeFi Quant Terminal over the last two hackathons. Uh this is the overall DeFiPy is the only open-source Python package for quantitative modeling on DeFi. Um just a quick team slide for the core dev team. It's me and Ian. Uh I am representing us here at Eth Amsterdam. We have additional contributors uh listed on the left. Uh but also it's open-source, so anybody can contribute. We welcome any and all contributions. Uh in terms of the problem, what we're trying to tackle here is uh being more responsible in the ecosystem. So, it's inefficient to invest resources into development before you before doing basic simulators. There's a lot of time and effort wasted uh because of people going in the wrong direction. Uh you want to perform necessary due diligence prior to launch and reduce the risk to funds. Uh this is a missing step in DeFi. Too many projects deploy and crash in easily preventable ways. Uh you also want to use live data because you want to avoid uh over-fitting based on historical data solely and you want to understand current market conditions. Tools like this could uh prevent disaster scenarios like Luna, for example. Uh and then in terms of global trends, the global financial analytics market is already on par with DeFi. DeFi I've found numbers that say that's actually bigger. Uh and TradFi has sophisticated modeling tools for paper trading to mitigate risk and overexposure. So, why doesn't DeFi do this for its billions? Um, there's firms out there that spend millions and millions of dollars to develop these internally or pay for them uh for their quantitative finance uh strategies. Uh and then in terms of DeFi, there's tools like revert.finance that allows backtesting but doesn't do live paper trading. There's others like Parsec that do uh detailed metrics for existing positions that you've already deployed, but there's not a lot of uh options out there for letting users simulate data before deploying their funds and as well as uh the developers and the people building these protocols, too. Um, in terms of target audience, there's a lot of different tools that we have available in this suite, but uh relevant stakeholders in general, we want them to be able to pre-plan outcomes uh before investing valuable resources. We want a rapid and clean UI for users to easily project profitability, so uh it's B2C uh as well as uh B2B. And then there's also um all open source. So, the the basis of the platform is on Python. It's a Python package already. You can download it today. Uh and we want to make it easy for people to build on top of it, especially data scientists who are familiar with this. But, one example of a of a user is Bob Beginner. Uh he doesn't really know what DeFi is. He just wants to click a button and get started. Uh so, the dashboard you'll see in a little bit, this was kind of built with him in mind. Um, you can just click a button and see the profitability of a liquidity pool position. Um, there's also uh people who are more familiar with uh DeFi as well as um data scientists. So, this is uh Wendy who leads a team of DeFi um data scientists and she comes from a TradFi background. She's looking for the Bloomberg terminal for DeFi. Um all of her data scientists are already familiar with Python. Some of them might not know about uh Solana or Solidity and Rust and come from a traditional finance background. So, this is uh all based in Python. This is actually uh the tool I'm going to show you is refactored from Uniswap V2 all into Python. The front end is also Python, but pretty much everything on this is Python so that data scientists are super familiar with it. Um there's also scientific analysis. Uh the guy who wrote this, my partner Ian, he uh is a PhD in mathematics. Uh he has a lot of sophisticated modeling processes that he used for Syslabs, which is the company uh the venture arm of Syscoin to model out their latest uh protocol called Bachira. Uh he spoke at ETHDenver about this and we were basically just building on this project uh during that time. But my objective for this hackathon was to implement user database management with Superbase. Um had a great Python integration. Previously DeFiPie didn't save settings or history between sessions. Uh and this gets us one step closer to productizing productizing the live dashboard. So even this is open source, we do have opportunities for monetization. For example, for non-technical users who might just want to use the dashboard with premium features for such as the uh 0x API they gave us after winning uh a bounty prize from their hackathon at ETHDenver. They gave us a premium API through their jumpstart program. Um yeah, this is some screenshots of it, but I will show you what it kind of looks like now. You can hop in here. Uh it's been modeling for the last 800 seconds or so. Again, this is all hackathon stuff, so it doesn't look great, but we have a live link. This is running on localhost, so you could see that I added some uh login details, but 0x uh has a bunch of different um networks that you could use. You could do different base and uh stablecoin pairs to simulate out different things. It starts with the default position of one. Uh and then you could see that these the simulator goes through and follows the actual live data of the pool, but also um simulates swaps and arbitrage bots because in a real-world situation you're always going to have arbitrage bots who give it back to the actual price. But that's basically it. We plan to continue building on it. Cool. Thanks ever so much. Um I'm going to try and ask uh we have one question and while the judges are getting on stage, I'm always going to try and ask one audience question, but I need you to upvote which one to ask. Um, I had one and it was about the UI and then it disappeared. Wrap in a clean UI, wall of text on slides. Ouch. You [ __ ] Oh my god. Any comment on that? Cool. Um, yeah, time starts now with the judges. Go for it. Would you ever want to raise money for this and how would you ever raise money for this if it's open source completely? Yeah, great question. Um, yeah, we're open to raising money, but basically this does make a lot of sense for hackathon bounties and sponsorships and other basically accelerator programs, stuff like this where you can get in and uh have the opportunity to continue building while it's open source and available, but um we were thinking of starting a C corp uh basically just wrapping it into a a venture arm similar to the way that this lab does it. Uh Ian is the chief data scientist at this lab. This coin is a, you know, a massive ecosystem. Uh they're an L2 that's been around for a long time, but they have a venture arm and they basically fund projects. Uh basically this would be something like that where we have the open source uh portion of it, but then we can also monetize things like the dashboard for users who might just want to pay five bucks a month to have easy access to something that's uh pre-built, well-defined, and can pair devs to build. My question was actually if it's like software as a service, right? So, it was already partially answered, I would say. So, um when do you plan to have it really like live that it's being it will be able to be used? I I didn't catch this out of the road map. Yeah, I mean we do have it live uh just the basic dashboard that I showed you, the really, you know, poor-looking one that's built in Python, but uh there is a live link you can go right now. Um, dashboard.defipy.org. What do you want this to become? Good question. There's Is it the business? Is the product? Is it just a great open source project that everyone is, you know, fuzzy like warm and fuzzy working on? What is it? Yeah, I mean, it was a passion project. Ian built it because he needed a use for it for his specific case at Syslabs and he wanted it to be open source so that people can use it without having a huge barrier to entry. I mean, the dream for you know, Web3 is so that people can do things that traditional finance kind of gate like gatekeeps. So, traditional finance firms have millions and millions of dollars of development to build something like this. Fundamentally, we want it to be accessible to everybody. But, we are open to monetization because there are different you know, directions such as doing a dashboard so that people can have access to it and not be too technical. But, there are resources that kind of come with that. Whether it's venture scalable in the current stage, probably not. It's very early. However, there are opportunities, I think, to kind of branch it in different directions. And in terms of open source, too, I've I've listed it on T. I don't know if you guys are familiar with T, but it's the creator of Homebrew, which is the macOS package. He just created a a new testnet called T for listing open source projects and getting them contributions. So, we're one of the first projects listed on there and already pretty high in the rankings. Yeah, that would have been my question. Do you Do you have any outside contributions outside of your team? Has any open source contributor ever contributed to this project? I mean, the team is pretty loosely organized. It's just a couple people, couple of them in Europe, couple in the United States. Ian is in Canada. Somebody at the hackathon today said that they were interested in contributing. I'm pointing to them at the open stuff for discussion. And yeah, I think there's you know, it's pretty much open to pull requests. I don't know if there's been anybody who's done like a random pull request, but I think that we're getting more exposure now to the ecosystem. There's going to be more and more coming in. Um question's going to come, but um it feels to me like you might have a bit of a mismatch between the sort of the people you're building this for and the ones that would actually be willing to pay for it. I think sort of you know, Joe Schmo, whatever that can't build this [ __ ] themselves, they would maybe want to use it, but not pay for it. Um and I don't know what her name was, but Wendy the quant or something. Um you know, I think a lot of these sorts of funds and and bigger, you know, financial operators, they already built this sort of stuff in-house and so they might be the ones that could pay for it, but wouldn't pay for it. So, I'm just curious whether you've thought about this, like who do you actually think would be paying for this? Uh I think yeah, I think that's that Wendy might want to pay for it if if they don't have the in-source in-house resources to do it. So, maybe like smaller-sized DeFi firms, but also people breaking into the space like startups and individual users I think would be willing to pay for something even if it's like a low price for a SaaS tool. Similar to other models where it's like low initial tier for individual users, a little bit higher, and then higher for enterprise. Um you know, there's always going to be those big players who want to do everything in-house, but there's a big opportunity I think for additional people in the market to not have to deal with that because they have enough on their plate. Yeah, I'm having the same thing like my point of view on this is like a little bit clash of because it's useful thing, right? On one hand, but on the other hand I cannot imagine that I would be funding this at all, right? So, it's really like huge clash of mind. I'm already thinking like what number should I put here? Well, give me a second. If we're done, we're done. We've got 7 seconds. Any last comments, questions? I will leave it for after the the stage. Thank you very much. So, it's the moment of truth. We need a drum roll or something Like There you go. Doc's got the memo. Thank you very much. You can stand on stage. We'll have If you stand there, then okay. You ready? Oh, you got distracted. You see these founders, man? They just don't pay attention. You'll get You'll being mean to them, so I have to be a little bit mean to you, you know? Yeah, yeah. Well, I don't know. Try to be friendly mean. 3 2 1 Oh. Different opinions, different opinions. Okay, thank you very much. Please give a round of applause. And we'll keep that one. Oh, yeah. Off the stage. The logistics are The logistics are a lot of this, but it's great fun. Okay, next up we have Slider. Whenever you're ready, I think we're ready, so bunch it. Hello. Oh. Oh. Wait. Wait. Do I have to speak into Okay. It already started. Never mind. Um so, this is Slider. I'm Caesar, and I've been working on this for a while now. And uh what we're trying to do is uh unify Web3 UX. So, ever had insufficient tokens when on a protocol or ever been put off by a new chain because you have to bridge to it? Well, I get it. Using a crypto protocol can be hard and time-consuming, right? And um what do I mean by that? Well, it means you can have 10 plus steps when trying to use a crypto protocol, like visiting another website or getting 20 different MetaMask pop-ups about I don't know what, right? Um and so, let's take an example of Bob the Beginner. Um you have an original transaction, which is lending USDC on Aave. Imagine you want to do that. Great. If you have USDC on Aave, you lend your USDC on Aave. Like if you have USDC on Arbitrum, you lend it. But, if you don't, then then whoops, I don't have enough tokens. That's bad. Well, what do you have to do? First, you go to Uniswap. You go to any random swapping website, and then you swap ETH. Great. But, through all of that, you need to select which token you want to swap to, you need to do approvals, you need to confirm your MetaMask swaps, and all that. That's already plenty of steps. And what if your tokens aren't even on the same chain? Well, great. Now, you need to go to the Arbitrum bridge, and that takes 15 minutes. So, by that time, you're even put off from even wanting to lend USDC on Arbitrum. But, if you go through all those steps, that's great. Now, you can successfully lend your USDC on Arbitrum. Congratulations. Um but, this is terrible UX, and even worse for newbies. Like, they don't even know what the Arbitrum bridge is or anything like that. They're They're like They're on Binance, um which is great. But, but it could be better. And so, Slider cuts these 10+ steps down to three steps. What we're What we're trying to do here is make it super intuitive for you to successfully get your transaction done, and not be put off, and not um get stuck. Right. So, what does that mean? What are these three steps? The first step is that we want to simulate whatever transaction you're trying to do. We want to see what are the required tokens for this transaction, and then we show the user what are all of their balances. So, over here, you can see these are all my balances on Arbitrum, um and I'm going to select one of them, and I can see over there there's one USDC. There's a green little thing. That's the required thing for my transaction. That's the required token. And after that, once I've selected my token that I want to swap into USDC, then there we go. I have all of my routes. I'm going to swap ETH to USDC, and then bridge my um USDC that I swapped from ETH to Base, or whatever chain that I want to do. And then after that, then I have my original transaction, and I confirm it. And all of this is in one single modal. I don't change website. I don't do anything like that. Demo. Sorry. Um all right, here's Here's a simple slider.sh demo. Connected my wallet. I'm on base. Um and I'm going to click send one USDC. Um there we go. I have all my tokens. So, I have ETH on Arbitrum. And I'm going to um say that ETH on Arbitrum is what I want to use to fill my send one USDC transaction on base. So, what I'm going to have to do for that is I'm going to have to switch to Arbitrum. Rabbi just did it for me. Um and then it shows me all of the routes. And over here it tells me, "Okay, I'm going to take your 0.005 weth and swap that to USDC and bridge that to base." Great. I'm going to confirm that. And um once that's bridged, sorry, that was super fast. It switched back to base and now I'm confirming my original transaction. We're on the third step, transact. And I click sign and create, confirm, and I've sent my one USDC. And that's it. Um view on Etherscan successful. And then we can close the modal and go back to using your dapp regularly. Uh okay. Slideshow. So, you've probably seen this before. I actually Maybe not. But okay. Um there are other competitors to this. There's definitely Li.Fi and Socket are the two main ones that I know. There's probably others that I don't know. But what's the difference here is that Li.Fi Li.Fi and and um and Socket are well, I guess I could say I should say um Slider is a way to is is paving a way to get a successful transaction, whereas Li.Fi and um Socket are swap and bridge widgets. Whereas what we're doing here is we're showing the user what tokens they have. We're simulating the transaction to identify what tokens are required, doing all this automatically, getting the best route, and then finally executing your original transaction. Um adoption. What are we? Well, we're a simple NPM package that you implement in your front-end dapp. What we want to do is we want to launch on new chains as soon as possible, get um integration with Binance, Coinbase, and all of that so that new users that are stuck on Binance and Coinbase can get integrated into DeFi power apps automatically, and possibly in the future integrate into wallets. Um yeah. That's me. Uh thank you. While the uh amazing judges coming on stage, uh what's the one biggest thing you're looking for next? Um well, funding number one, um and uh a lot of adoption. I'm looking for a lot of users, as well as um a team. The definitely I definitely need a team. I definitely need three, four, three three more people to help me build. But yeah, that's basically Cool. Well, over you can take this microphone and please go over there, and good luck. The 5 minutes starts now. So, how does this work in the background? Um well, all right. I had an architecture Yeah, as briefly as you can Right. So, what we first do is that we have a fork of whatever chain that we do that we want. Um and over there we simulate the transaction that the user originally wants to do. If they want to lend USDC on Aave, we simulate that. Then from the simulation, we see there's one USDC that's required for this transaction to work. And that's going to tell us that that that's what we show to the user. Then the Then we fetch all the users' balances using APIs. We display that. The user selects selects whatever they want. Then we use 0x and Across to do the bridging. Um so that's on the second step, which does We have a contract that automatically does both in one single transaction. And finally, uh the third step is just we just display the original transaction that the user originally wanted to do. Then we let them do it. That's it. Okay, then maybe follow-up question. How do you think this would make money because it feels like the hard part is being handled by basically a cross protocol. They already get the fees that they are getting. Absolutely. Yeah, what are you getting? So, we can definitely add a um definitely add a fee on top of that. Why is that? Because the only reason you go to a cross is because you need a bridge. You have these two three intermediate steps before you can and even enter like use a protocol. But a ease of use fee basically. Yeah, basically. But if we're already on the front end, they don't need to go to a cross anymore and they will always most of the time be going through us and we're be getting that fee on top of a cross, but yeah. Yeah, you say you you need a team. Like do you have any previous experience in like building a team, leading a team? How is that going to work? So, that's a that's a fair point. I do not have any previous experience I I have one other person with me. He's they're in the audience. Uh who's been building with me for for quite a while, so we we're quite uh like that's our team right now. Um but I do not have any previous experience leading a team specifically. Oh, yeah. I mean there's a first time for everything. Yeah, yeah, exactly. Yeah. Uh yeah. Uh so, the two chains we saw were Arbitrum and Base. So, um these are already very well connected. Do you have any plans to look more into like multi-chain networks, especially with like, you know, like with a large number of chains that are all lagging the issue of not having an on-ramp or this kind of thing? That's exactly what we're trying to do. Like I put it in one of the slides one of our directions that we would like to head in is to get on every single chain as soon as possible. And like on new chains that are that we're put off by that don't have bridges and whatever, we want to we want to integrate that. There's a lot of steps to that. It might mean even making our own bridge and things like that, but it's something that I want to look for that I look forward to. Did I understand correctly that your like user acquisition strategy is just basically use sexes or Um not really. So, we're cuz we're we're not only facilitating things for sex users. We're first of all fixing the problem for regular DeFi users that we forget that this is a problem that we have to go on two to three different websites to just use one single app. But so we're first of all targeting regular DeFi users. And then and in the future we'd like to integrate wallets such as Coinbase and Binance to get your wallets get your balances directly from Binance so you can use it directly in our app. Okay, so current status is that you are having this working widget, right? Ready? How long have you been working on it? Um well, it started off in East Denver and we were got a couple of prizes there. So, 2 months. So, 2 months, right? Okay, I know you mentioned now that the the target users are DeFi users. So, how many of users what's the traction currently? We have zero traction. Haven't launched I'm working on an NPM package right now and I that's what that was the goal of the hackathon to work on it and to publish it. Are you already having some testing group for this that would give you feedbacks? Okay. How much of the functionality that you are trying to offer do you think you can offer with currently available account abstraction standards or the newly to be implemented 374? Like all the functionality that I did in the demo, well well, it's fully functional. So, No, no, yeah, I I understand but just like are you as a protocol basically required or will people be able to offer the same functionality just with sort of you know, Ethereum uh functionality that you know, account abstraction standards that are already here or that are to be implemented? Um I don't That's sort of you need like a reason to exist, right? Like if you can build what you are Um What what do you mean? I don't think I understand the question fully. Then just never mind. We can discuss after. Okay, yeah, yeah. Okay, sorry. Sorry. Cool. Thank you very much. Uh, give you guys a couple of seconds to write down your number. Did you have a good hackathon? Did you enjoy it? Absolutely. Amazing. Amazing. Did you guys enjoy it? Yes. Cool. Are we ready? 3 2 1. Wait. Okay. We were asked to read out the numbers. So, we've got a seven from Pim, a six from Mar- No, Rene. A six from Aaron, and an eight from Martin. I got to get the names. Okay, thank you very much. We've got to get you guys sitting underneath your photos. Cool. Um, oh. Some of you might know this guy. Apparently Apparently this guy is someone. I don't know. Someone was like, "Have you met that guy?" No, I don't know. He's got a yellow hat, that's all I know. Okay, well, please give it up. Uh, we have four Fluid Pay. Good luck, and your 5 minutes will start now. All right. Can you hear me? Yes. Jam jam, everyone. I'm Limone, and I'm building Fluid Pay. A mobile native wallet for peer-to-peer payments on base with USDC. You can fin- think of Fluid Pay much like Revolut, but non-custodial. So, you can pay and get paid again with USDC. Thanks to account abstraction, you will not see anything happening with signatures or approvals. You can search your friends by username and pay them directly, and you can also keep your balance private. We integrated like just I integrated during this hackathon a project called Fluid Key that allows people to receive money on different stealth addresses so that their accounts are never linked together, and nobody's able to aggregate their whole balance and transactions list. On FluidPay, you also have a Splitwise-like feature, where you can manage group expenses with your friends. Let's say that you are in a town sharing an Airbnb with the your teammates, and you are sharing an Airbnb, some Uber drives, drinks. You can track everything on the app, and settle debts on chain again with the USDC on base. So, one key feature of FluidPay is that it's private by design, thanks to the FluidKey integration. So, there are some smart accounts and stealth accounts that allow people to keep their balance private. But, let's get into the live demo. So, on FluidPay, the onboarding is seamless, thanks to Privy. You can log in with the your email. I'm using a test account in this case. Uh but, in like using a real mail, I will receive a verification code, and then I'm also prompted to enter my security PIN for security reasons, of course. So, I can enter my PIN, and now join the the application. Uh let's see if the Wi-Fi helps us here. I'm summoning some unicorns, as you can see. And, yeah, this is the home page, where you have your balance, right now on Sepolia, of course, but you can switch to base. You can add money from Coinbase Pay, or even send USDC directly to your account. You can request money through request links in this case. And, you can also send money to your friends. So, send it to my friend Biancotto, $1 in this case. Yeah, it's loading here. All right. So, sending a transaction without seeing any complex messages to sign. Let's hope that it gets done fast, so that I can show you the group expenses feature. Oh, yes, we still got some time. So, this is the group feature. Oh, yeah, getting back here. Sorry. That should be the new transaction coming, and the balance will update soon. In groups, let's say that you have a Nicks Dam group here with already some expenses and a pending balance. So, I owe Simone Estafa, which is myself actually, $10, but I can even add a new expense. So, let's say that coffee category Yeah, it's food and drinks, let's say. In this case, paid by not by me, but by Simone, and we are splitting the expense. By creating a new expense, of course, like the balances are updating and within the app, in this case, Simone will be able to pay me directly the the the amount that he owes me. And yeah, I guess that's pretty much it. Getting back to the slide, I can talk a little bit about some next steps that I'm planning to implement. I want to allow efficient on and off-ramping because this is, I think, the only way in which we can onboard web two people using this app. Otherwise, it's something that is only related to the crypto-native community, while I want FluidPay to be used by at least crypto-artisan people. Request payments feeling are not active yet, but they will be released next week. And then I'm also already sketching up some beautiful cards feature, where you can handle special accounts like accounts that are receiving money in different tokens and converting everything to USDC or some accounts to earn some interest just by staking automatically whatever you receive. And yeah, that's pretty much it. It's already on TestFlight. Next week, I will put it on Google Play Store. So, if you want to test the alpha, scan this QR code. It's a Telegram group where where I will share more about it. Thank you. Awesome. I'm going to What? get on. Waiting for people to photograph the QR code. Okay, cool. Awesome. Thank you. Should I unplug? And yeah, go ahead and we can get our judges up. And while they're getting up here, is there anything that you're looking for from the community? Any Any asks? Um Yeah, look. So, I'm definitely like looking for couple more devs. I'm full stack, but I'm not so experienced with the mobile native even if I build this almost alone with the help of some friends. So, definitely looking for a senior React Native developer to make the application more even more usable. And then another help in the in the back end side. That's the main thing I'm looking for. Awesome. All right. Let's get started. Yeah, so who who wants this? You know, an open question because I think I think there are people that wants but who wants it because like it's the crypto natives versus the non-crypto natives like So, for this thing I think crypto native people I you own a lot of crypto and I want to be able to spend it in a easy way. Uh so, that's for sure the first niche that I'm targeting and inside the niche uh specially related to the splitwise group thingy. Um I think I'm planning to start distributing the app at hackathons like this where people are sharing expenses and they start transacting within the app. And then when I would be able to have an easy on and off off ramp solution, I'm planning to target even merchants so that uh even non-crypto people uh might use it just as a payment rail much like they use applications and merchants on their side can cut some fees uh that they are now paying to Visa or other networks. So, um right now it's only crypto native definitely and this is the target that I'm targeting right now, but I'm planning by the end of the year hopefully to have some traction with crypto artisan people. Right, so start off by basically like what Onboarding Onboarding crypto native first, having a good user base so that merchants can be maybe in specific cities even, merchants can be interested in uh starting accepting payment uh with USDC. Right, thanks. Uh how are you planning to compete with uh Revolut's crypto features? I mean like crypto Revolut now has its own tab, crypto, at the bottom. The rates are terrible. Uh you know, you pay a lot high fees, you can rarely withdraw, but a year from now, um they will probably go further down that road. How how are you trying to compete? So, right now Revolut allows you to buy and sell crypto, right? So, trading uh while Also withdraw. Withdraw. Oh, yeah. Okay. So, you can buy, withdraw. Yeah. The the thing with this app is that um I'm not rebuilding the trading features. I'm not planning to have users trading in the app. I'm just planning to have them transacting peer-to-peer. So, everything that Revolut did for euro and USD uh peer-to-peer payments, I want people to use it uh to do the same but with USDC on chain. So, having seamless transaction, seamless user experience when exchanging money within their group of friends or maybe some payments that they want to do for online, I don't know. So, How big do you think the market for that is? Because I also have crypto, but I when I'm out for dinner with friends, I've never thought, "Oh, I would love to pay for this bill or like split the bill with my USDC." Because I also just have a Revolut, I have a bank account, I could just pay with regular fiat money, and I'm not hiding any illicit activity. So, like going through crypto isn't really you know, adding much of a benefit. So, I'm just curious how big you think the market is of like crypto people that want to pay peer-to-peer other crypto people. Yeah, no. Again, like um until we are able to spend this money in real life and getting to a solution where we don't only have Gnosis Pay card, let's say, to spend your crypto in a non-custodial from a non-custodial wallet, uh it's only crypto-related people and maybe even not all of them again as you said. Uh So the real challenge is not building a product that it's easy to use for crypto people like us that maybe we don't even need it, but it's more about uh using base in this case as the as a the main payment rail and and I believe that if we find a way to get merchants accepting it uh and cutting again like expenses and fees that they're already paying it's something that maybe you will reconsider because maybe you're allowed to pay less or to store your money on a different place that is not a bank. So maybe right now not well regulated but soon hopefully better. So I think the real challenge is going to the merchant side of things and that will enlarge your market a lot. So I I believe your business model is just you're taking fee from every transaction, correct? No. Uh so what is So there's to be honest I still need to figure out the the best way. Uh not I don't think that getting fees from the transaction is the way uh because I want to cut fees for both the merchants and the people using it. So maybe it's more on the application layer you can think about I don't know premium premium uh um Okay got it. You need to figure it out. Okay so current status you are having some users already, right? So a small group of 10. How many of them? 10? 10 yes. Okay okay. like a couple weeks ago on test flight so I'm still Okay what what what's the biggest finding out out of this testing group of 10 people? That is still not we're still not ready to there are still like bugs on the onboarding process and and mainly the the bridging stuff. So like getting people to deposit. Okay thank you. Oh yeah. Cool. Thank you very much. Um yeah, I'll take that from you and go stand over here. Um did you guys enjoy that? Woo! It's the man with the yellow hat. Uh are you guys ready with your scores? Okay, we'll do a little decks where you at for the drum roll. Da 3 2 1. We have a 6 7 a 5 and a 7. I don't think that's too bad, man. Don't think that's too bad. Cool. Thank you very much. It's a big You guys are getting your steps in. Nice to see you not in London for a change here in Amsterdam. Um so please give it up uh for I don't I can't say it correctly though. Abe. Fideum. Fideum. Fideum. Your timer is up there and you have 5 minutes. Amazing. So, hi. My name is Abe and I'm the founder and CTO of Fideum. So, we bring risk research and safety for all. Show of hands, who here's been rugged for three figures? Four? Five? Six? Right. The problem kind of demonstrates itself. So, in 2022, according to our analysis, 6.3 billion dollars was lost to rug pulls of various flavors. We've spoken to a number of players in these ecosystems ranging from institutional funds to retail investors and everything in between, and we've yet to find a single entity that trades in any considerable size that has not hit a cyber threat of some kind. Now, there's a number of reasons for this, right? But, um one of it is that security is kind of inaccessible for the space. Only about 5% of audits of contracts have been audited. Only about 1% of contracts are monitored. Security system in general has lagged behind the broader rate of growth. Uh it's expensive, it's non-scalable, and there's kind of a lack of expertise. What? Wrong way. We put trust back in the trustless ecosystem. Our real-time risk assessments are all fully automated. They consider a fairly holistic and broad view of risk. And they are scalable and affordable. These assessments are backed by actual science. Uh they're calibrated with historical data. And they're back-tested for accuracy. And at present, we're working to bring them natively on chain to provide an immutable history of trust for projects and developers. Our APIs pull in a variety of data feeds both on and off chain. These range from the traditional cyber security threat simulations, static analysis, to more esoteric vectors, you know, AML risk, financial liquidity risks, your civil distribution of wallets, that sort of thing. We have been live for a little while now in the B2C space since May last year. Um we provide a very holistic set of tooling both on the B2C side to protect people at point of use and on the project side to help them maintain a continuous chain of trust with their community and have real-time detection of emerging threats not just at the smart contract level. As an example here, you might look at our um risk pricing engine. It ingests a variety of factors across numerous vectors. Here we break down liquidity so you might look at, you know, percent deposited, percent burnt, percent deployed, kind of deploy wallet behavior, who those wallets are, how long they've locked their liquidity for, and this breaks down further, right? Like you will if you break down liquidity further you'll see kind of the different kinds of pools that the people have deployed into, what different weightings on that are. This tree goes deep, typically about five layers deep, and it's also into blocks, right? And then we roll all this up using a variety of analytic methods to generate our final risk score. Now, as I mentioned before, we've been building for about year, year and a half now. We launched our B2C tooling May last year. Uh we've been growing ever since. Our B2C tooling now sits at about 300 monthly active users, and we are currently in the process of onboarding our first B2B customers. Got a couple LOIs in hands. Our first customer launches next month to bring these real-time provable risk assessments on chain. We're a little bit long time, but suffice it to say the market is large. Uh $350 billion at present, growing $700 billion according to projections. Now, we couldn't leave this out really, right? Uh our favorite genius tweeted a little while ago that in his estimation security is one of the highest value growth areas for the space. We went out of our way for a year and a half, and we are glad that he agrees with us. We're currently raising. We've opened our fund raise 2 weeks ago. We're looking for 750K US. We've got 100K committed. We have a UK entity. We are pre-approved for EIS SEIS. This would give us roughly 18 to 20 months runway and allow us to continue proving our CAC, onboarding customers, building the tech. Short of time, race to this. Um I've got 15 years experience in tech, including experience leading a tech team at a risk pricing company from pre-seed through series A. My co-founder has a successful exit under his belt. We're out of time, but Cool, thank you very much. If you could unplug your laptop and the judges can come to the stage. One question I have for you, and you can take this microphone, sir, is what is the biggest challenge that you're running into uh getting this off the ground? So, I think the biggest challenge from us was that we started as a B2C company. Mhm. We went into this to help protect people against counterparty risk in the space, having been rugged myself through more than I am happy to admit. But, the problem with the B2C space is that nobody's willing to pay. Yeah. Fair enough. Well, over to you. Yeah, to start off, I think you said the the size of the audit market is 350 billion. That's correct. Seems a bit on the high end. What I how do you qualify that? Is that like people giving 350 billion a year to auditors? No, so that's the assets on the assets that are protected by various entities out there now. Ah, okay, okay, okay. I get the number now. Um do you plan to like work with integrate with auditors and how? It's a good question. So, we don't consider ourselves to be a replacement for audits, not really. Um we don't prevent the provide the same kind of um man-in-the-loop experience that they do. Um ultimately, we could partner with audit houses where potentially audits provided by specific houses would increase your risk score, or rather decrease your risk score with us. That's not something we've really explored too much at the moment. Yeah. Or or users could have preferences like I trust CertiK but you might not or I trust Yeah, so one of the things that really separates us from a lot of players in this There's a lot of prediction markets for risks out there. Archon, Nexus Mutual. One of the things that separates us from them is that we are in fact opinionated. Uh we run most of the analytics based on our view of risk and the numbers we pull together. Uh user input is welcome but it is not the primary feed. Okay. Thanks. So can can you maybe explain again what is the B2C angle? Like how are you distributing this to a user? How do I as a user interact with the product? Yeah, B2C. Yeah, so on the B2C angle we have two tools. We have a browser extension that sits between the user and their wallet protection at the point of transaction. Think of There's a bunch of these guys, right? Uh and then there's a research web app that allows you to type in a contract address and we give you a dashboard with a view of risk of, you know, volume trends and like whale distributions and liquidity analytics and that kind of side. Uh all with like that spin on risk. Um you can also pay us as a consumer. We do allow you to forward your transaction through 0x. So if you want to send a little bit of money our way, that's one way to do it. But fundamentally that's not where we make money. That's a consumer good that we provide to the industry and the ecosystem because we don't want people to be rugged. I remember meeting Bog already at the Zebu, I think, in London. at Zebu. We had a couple beers. Yeah, yeah, yeah. I say Okay, we met together. So I would like to know the the traction since then. What What did you achieve since that time? Yeah, absolutely. So our consumer This was what? About 6 to 9 months ago? So our our B2C numbers have more than doubled. We're now sitting on just over 300 a month, whereas at the time we would have been It's been a little while. 50, 60. Um and but more importantly, we've got a handful of LOIs with protocols and projects in the space to onboard our fully automated risk assessment as a service as B2B customers. Our first one of them is onboarding next month as like an actual live customer. The reason they're not live yet is because launch timelines. We're aligning with their launch timelines. But fundamentally speaking, we've become a B2B business. We are no longer just about protecting consumers at point of use. That's what's changed. Until now, have you been bootstrapped or you had some internal bootstrapped to this point. We've raised nothing. Our outgoings are We're paying about just under 500 bucks a month on a variety of services that we use, you know, hosting, data aggregation, etc. Our burn rate is low, but now that we seem to have hit a inflection point on the B2B side, we're looking to scale. I remember that you were planning also to raise money back then and you postponed it. What was the reason? So, the reason was at that point in time, there's a story history of pivots here. We started as a B2C company, then we tried to be an insurance company. I think when we met you, we might have been trying to be an insurance company. It turns out that's a very hard nut to crack without access to underwriter capital, which we don't have. Uh So, we went back to the drawing board. We kind of killed that raise, spent the last few months thinking about the business, repositioning ourselves, rebuilding some of the tech to be more suitable for what we're now doing, and yeah, have gone back to market now. Out of 750k you're searching now, how much is already gone? 100k committed. In the the B2B market, have you also tried selling this to wallets for instance? That seems to be a very logical point of integration and that allows you to put your product in front of or integrated at least in the default usage of a B2C We are in pretty late stage talks with a wallet, Uh, not MetaMask, I'm afraid, but with a wallet. Um, they have not yet signed an LOI, so I cannot really say much more than that, but it's looking pretty promising. That's it, I think. No applause. Thank you very much. Thank you very much. Hope you feel okay after that. Nice work. Nice work. Okay, well, uh, you can still stand there. You want to be on stage when you get your numbers, man. They're not They're not checks, but they're numbers. Uh, completely arbitrary, just like a lot of the [ __ ] here in this in not here, but in this space. Um, I actually really like all this stuff so far. Okay, on a round of three, 1 2 3. Woo! Okay, okay. Nice. We have a seven, a seven, an eight, and an eight. Thank you very much. Thank you very much, judges. Um, and this is the last one, you'll be pleased to know. So, Nico, how you feeling? Good. I'm a little tired, but uh, Tired? Who else is tired? Yeah, okay. I love how there was no verbal feedback there. Perfect. Okay, well, Nico, your timer is up there on the top left, and you have 5 minutes from now. Thank you. Um, GM everyone. I'm Nico, uh, working on Lotto PGF. And well, lotteries have been across cultures and time, uh, basically a good way to fund public goods. Uh, many people don't know, but the, um, ancient Roman reparations, the Great Wall of China, uh, used it, and nowadays many communities still do. Uh, the problem with them is that they can be manipulable, they can be non-transparent or unfair, and um many states monopolize them and make them inefficient. Um So, we're uh creating a permissionless lotto protocol with verifiable randomness that is secured by Ethereum. So, permissionless meaning that anyone can deploy a lottery um to fund their public goods or or cause uh they want. Uh verifiable because we use fair randomness that can be proven on chain, and non-custodial meaning that smart contracts uh get rid of any kind of intermediary. Uh see how this works in practice. Basically, uh you can set up a lotto for whatever public good or charity you want to um fund, and uh you decide what split uh there is. So, part goes to fund the prize pool so that the lottery can be running forever, and the other part goes to fund the cause that you want it. And then, uh when people buy their tickets, they pick their numbers, then they will be uh funding this cause. Uh many use cases, you know, nowadays uh nation-states your use um national lotteries to fund some of their public goods. Uh so, why cannot network states uh have a native way of doing that as well? Um many public goods uh can be funded this way. Um Right now, the public goods funding uh ecosystem, let's say, has been focused on resource allocation and not so much on capital formation. So, we think we fit right there. And uh well, communities and charities use them nowadays, so they can definitely leverage uh some transparency. In terms of traction, we're mostly active on Farcaster. Hope um many of you are. I We've uh received some people saying that uh they also follow our test lottery called Powerbolt there. Um it's free to play, so that's uh that has got us quite some attention. And we also got uh more than a thousand dollars in a round of Gitcoin that we did with Suzalu. Suzalu is for those who don't know a network state founded by Vitalik and some other people and we're going to be running a pilot with them soon. Among some other people in the public good space that we're going to be running pilots with and we're also working with a VDF VDF ASIC project. VDF basically is kind of like the end game for verifiable on-chain randomness. And yeah, well Justin Drake gave us a prototype of this VDF ASIC that he's working on because he's he's leading this initiative. Yeah, well for I wanted to take a second to thank Ellie and Crypto Canal for giving us the platform. 3 months ago we presented a lot of PGF for the first time and now we wanted to give you a bit of the progress. I mentioned PowerBall. 3 days ago we also integrated a feature where you could donate money and get some extra tickets for the lottery to test that part and we raised 1,500 USD that we are donating to Giveth for our quadratic funding round. And we did some iterations and a lot of contributions to open source research on randomness. So the learnings were were that people get bored fast especially because we only had one jackpot so a single winner. So the feature that we decided to work on during Eth Dam was to add more tiers for more prizes. And so that could attract more people you know like more people would be winning every in every round. And this turned out to be a bit of a challenge because probably the reason why there are not fully on-chain lotteries nowadays is because it requires a lot of technical expertise. And yeah, well with the help of a couple of papers including this one called the coolest way to generate combinations. We managed to figure it out. Yeah, the the bottom line is that we check all the different combinations that there are for the different tiers and and get them on chain and then that way we can check who are the winners who picked you know, three or four of the out of the five numbers. On the front end it looks a little bit more simple, you know, like you can decide that there are a bit more some more winners. And to close up I wanted to announce that Lotto PGF is turning into a DAO. To be honest, it has already been kind of like full of contributors, but we're starting a crowdfunding campaign on Juicebox next. So scan the QR code if you want to get involved. Super [ __ ] cool. Cool, if you could unplug your laptop or you're the last person, so you can also chill. This is your microphone prepared for these questions. All I want to say is super cool that you gave an update since the last Lotto Tank. So Yeah, massive shoutout to you know, the entire Crypto Canal team because it they've been really uh helpful in in giving us the the platform and supporting with a lot of feedback. So an applause to the Crypto CANAL TEAM, PLEASE. JUDGES, WHENEVER YOU'RE READY GO NUTS. Um interesting whether you've already considered maybe also doing no loss lotteries. I you know, we've seen these before. PoolTogether was I think the main one. They also got hit with an SEC lawsuit because of it. So that's going to be my second question, but is that something you've considered doing as well? Um no loss lotteries, you mean? Yeah. I we Or the SEC lawsuit. Well, you know, like PoolTogether has it figured out quite well. We wanted to feed kind of like this other side of the market that is like yes loss not lotteries. So, based more on donations. Um Most of the work was like also doing a lot of legal research and getting some lawyers involved because, you know, we wanted to make sure that everything is covered and like finding the right jurisdictions to to set this up. Uh yeah, like happy to give you more details cuz might be a bit boring, but uh Yeah, would love to hear what the regulatory setup is. Is that Curacao Is that Curacao license or not? Um So, with Right now, no. Like because the lottery that we run is free to play. Um but we we know like a few jurisdictions where you can get licenses or even like incorporate without many regulatory issues. What is How How you are thinking about the sustainability of the project? I I don't remember now this percentage where go but I I guess something is going to die, right? Right. Yeah, so you know, like that's why we want to DAO-ize it because it will be up to the community to decide what the path forward will be in terms of sustainability. Well, we have a few of a few ideas. For example, you know, We're mostly looking at similar protocols. Let's say like Uniswap, Liquity that have different business models around I don't know front-ends or like you know, a fee that they can take from the protocol, stuff like that that can be that can go to the DAO, but it will be up to the community to decide. Yeah. What do you need funding now for? Uh so, the protocol is not finalized yet. We still need some work and the DAO will be pretty much like a steward of um these public goods that that need that are worth supporting and funding the the protocol and the ecosystem that can be formed around. Like actually people started DMing us and saying like, "Yeah, I I want to build something to claim the same number every day. So, like can you give us a hand?" So, maybe like uh fund some of those kind of initiatives um that the DAO decides. Then regarding the funding, it should be in two token that you mentioned this. Yeah, so uh how Juicebox works is um you um pay some some ETH and you receive a certain amount of tokens in return. So, you mentioned at the beginning you see a lot of different use cases for like the lotteries, but what sort of what are the main ones you want to tackle? Like how do you get this to market? What sort of use cases do people want to fund through these lotteries? Um right now we're mostly uh talking with like network states uh that they want to set up their their um lottery to fund different events or activities and stuff like that. Um and also uh channeling some of the of the funding to um you know, these um more public goods funding platforms that focus on capital allocation like uh I don't know, Gitcoin Giveth, uh Octant, stuff like that to collaborate on on that front. But also smaller communities like uh I'm from Bolivia. I started Ethereum Bolivia. Like those kind of communities are also super interested cuz there's no proper business model for them. So, this can be one. Yeah, so I I really like that you take a like a proven model. Lotteries have worked for ages uh to fund things. Um you also had like quite impressive numbers of people have that have actually used it. But I wonder like I personally I I'm not a consumer of a lottery, right? Because you know, statistics and not winning and all those. I I suspect that, you know, quite a few people in the crypto space would be of the same thinking. Maybe that's not the case, but could you say a bit about that? Like have those people used it because they liked the idea and they wanted to support you or did they actually want to participate in a lottery? That's a great question. Um where are the degens here? Yay! Where are the regions here? So, like the the principle that we started the this movement is like bringing together degens that, you know, are looking for gains and like gambling on meme coins, but also the regions who want to do something good. And we're actually getting like quite some good attention from both sides. So, it's a bit of a mix as you say, you know, some people just want to support and some people who want to make some buck. question. What are these Uh what are these communities that are excited about this? Is it like a certain region? You talked about Bolivia. Is it a certain vertical? Who are these people? Mostly like web3 native ones. We're quite close to the Ethereum ecosystem, like Ethereum communities around the world. So, mainly those. Super. I think there's one question from the audience while you write down your numbers, which I think is nice one, is do you think Lotto PGF is a public good itself and why? Very quickly while you're doing your Yeah, definitely. Like well, it's a permissionless protocol, so anybody can do it. It will it's going to be open source, so anybody can fork it and and build the different versions of it. And yeah, the the objective of it is to do something good for for the world. So, I would leave it at that. Yeah. Who here wants to do something good? Hey! That's that's uh Um okay. Well, on three, two, one. Woo! Okay, okay. We've got a harsh We've got a harsh six. Got a harsh six. We've got a number seven. We've got a six. We've got an eight and we've got an eight. Okay. I think I don't know. I don't know. We'll see. Okay, thank you very much, Nico. And um like to give one final round of applause to our judges because they've obviously been amazing been running around getting their steps in. So, thank you very much. Thank you. Um so, I hope I hope I'm about to get a message. Uh I I I severely hope so. Um about who is actually the winner. So, Dax, if you can send me something somewhere. The winner with a total of 30 points, it's really tight actually. So, we're going to go with uh in third place was Slider. Give it up for Slider. Woo! Where is Is Slider here? Is Slider still here? Put your hand up. There he is. If you want to speak to position number three, maybe give him a check. He's over there. Um in number two, we have Lotto PGF with Nico. Please give a round of applause. Where's Nico gone? He's run away. Woo! And in number one, I can't pronounce it. [ __ ] I'm sorry, Abe man. Fedezium are with number one. Thank you very much. Those were your scores. Um so, one last round of applause. Thank you very much, guys. Thank you very much. We're going to clean We're going to clean the area and I'm going to hit you with some very quick and punchy information. You basically have 10 minutes to go relieve yourself at the loo, grab a drink, whatever. You have 10 minutes, smoke a cigarette, and then you need to be back in here because we're now going to do the speed run through all of the top hackathon projects. The judges, as we speak, are submitting their final scores to select the final 10 projects. So, if you want to stay in here, that's fine. We're going to make it a little bit chill. There's nothing that's really going to happen. But, if you do want to go, now's the time. But once you're back in, you're going to be sitting here for a little bit, okay? So, we want to be quick about it. No dawdling. Think what you need to do, do it, get it done, and then come back.