Bufficorn Ventures Pitch Fest | Hosted by: Tina Dai

Transcript

something. We met like two years ago, but every time we meet, he feels like like it's the first time we ever met. >> All right, everyone. Welcome to PitchFest. We're going to get started. Um, again, thanks to Aindo for helping us uh find some of these amazing founders here. We had hundreds of applications. Um, and thanks to our sponsors, Farah Zelio and Supernet. I'm gonna start first off by introducing our judges. Uh, we have Jared Wyn who is managing partner of uh, Win Miller Group. Um, it will be a accelerator. Um, with comedian TJ Miller. So, um, he will be posting a lot

of updates for when their accelerator opens. Uh Jaredan is a ex- Finance SP with over a decade of experience in crypto and he really specializes um in helping startups accelerate go to market execution. We have um Arsen from Edge. Uh he is a fintech and web3 focused infrastructure investor. He's managing partner at edgevc. Um he focuses a lot on stable coins, payment rails, trading agents and more. We have Yan Ma. She is executive director at Spartan. Uh she is an architect actually turned cryptobuilder.

Um and she is dedicated to advancing a blockchain powered um open financial future. We also have David from 1KX. Uh he is XK KBW digital assets as well as KPMG. Um he's a longtime DeFi hobbyist and he's passionate about expanding access to a open financial ecosystem. And finally we have Jack from Nent. He is ex Coinbase Ventures and Visa. Uh and he specializes in backing early stage payments, DeFi and infrastructure startups. So we have our judges here uh they're um on these tables uh to the right and the left of the stage. Um

along the way uh as our startups pitch they will be asking questions. Here's our uh 12 startups uh that will be pitching. Atheo Bond EVVM Hive3 Intelligence Cubed Lane 3 Loyal uh Memethology Nemesis Tatsum Unicorn and Vanna Protocol. Uh the way that this uh pitch fest will work is each one of them will have um five minutes of uninterrupted uh pitch time or five minutes total of pitch time. Four minutes they will use for uh their actual pitch and then uh we'll get Q&A from the judges. Um the judges uh if you could please pull up um I believe we now

are using a Google form for uh judging. uh if you could pull up the form as the startups are uh going through their pitches, fill out a form live. Um that would be great. That feedback will be passed back to these startups and that will help inform them on their um uh building process as well as fundraising journey. So with that said, I'm going to invite um Colton from Memethology first up to the stage.

Hello, welcome. I'm gonna pull up the um you have a five minute timer here, >> so be mindful. >> We get speaker notes on here. >> Uh maybe I'm not sure it's it'll just be back. >> Okay, so here's all the decks downloaded. Um, all right. >> I love the green color, by the way.

>> Thank you. Good luck. >> Thank you. See Okay. Hello, Ethan Denver. >> Let's see.

Looks like videos did not download. So, I've got a quick fix here. Just going to remove a couple of images. or not. We'll just roll with this. Okay, so my brother's here. He's going to be passing out some cards. And you may have seen these going around ETH Denver. Uh these are from our project Memethology. We've distributed tens of thousands of cards this week. And we're ETH Denver's official lore partner.

The tech world today feels like an epic fantasy adventure. There are legendary founders, evil villains, magic protocols, and apparently we're summoning our AI gods as we speak. project. We sold out twice, sold over 10,000 digital packs, did over 70k in revenue. And early on, I realized that people weren't just buying a game, they were buying identity. When people collect our cards, they often say, "This is us. This is our collective story."

No other IP does this. Where we're building a native IP for the internet and crypto age, where old IPs had these massive budgets, centralized studios, and slow production cycles, AI and crypto have empowered our tiny team to build a to build a universe to rival Disney. In addition to the physical cards, we have a digital app with ecosystem support from Bass. We just finished the base batches accelerator. In our app, players buy and rip digital booster packs that have beautifully illustrated and interactive foil effects. We also just launched a card creator bot which allows anybody to easily create their own cards. And then we take those community created cards, select the best, and put them into this next set.

This type of community engagement has never been possible before. But what about distribution? Distribution is of course the big scary monster these days, and it's harder than ever to stand out. But these physical cards are magic. I love watching people's eyes light up when they see these cards. And by partnering with conferences like ETH Denver, we put cards directly into the hands of thousands of people. And the QR codes lead directly back into the digital experience. The cards create unforgettable moments that surprise and delight and conference attendees take these cards home and share them with their communities. We've also partnered with conferences like DevCon, Dev Connect, Edcon, and started making custom cards for companies like Zirket

and DOB if you went around to their booth. And this is a classic partnership model that we will continue to use with ever larger brands. The collectibles market is massive and growing fast, over $350 billion globally, and digital trading cards are exploding. Pokemon Pocket did 1.3 billion in their first year alone. Most trading cards don't have stories people can relate to, but Bethology feels instantly relatable because it reflects the real stories of humanity. This is a viral IP, one where the community crowdsources ideas and the company curates these AAA experiences.

We're building the Methology universe. Disney started as animated shorts. Memethology begins as a TCG. Each began with a story people love. Each ends in a universe of toys, games, movies, TV shows, and beyond. Our team blends professional art, game design, and NFT platform engineering to deliver worldclass collectibles. We're also backed by the best and our lead investor is Juan Benet, founder of Protocol Labs and IPFS.

U we're raising a 200K angel round with a $3 million cap. Mythology is a beloved IP with true fans and I invite you on this adventure to support us as we scale it. Thank you. And we have 43 seconds if anybody has some questions. >> Hi, thanks a lot. Looks beautiful. Couple of questions. One, you say it's viral. What evidence do you have that it's becoming viral? And secondly, what people can do with the cards once they go home.

>> So, I'll start with the second question. Uh, it's a fully playable game. So, it's similar to like Magic or Hearthstone. And we'll actually be playing here tomorrow. So, anybody who wants to come by between one and three will be teaching and playing the game. On the viral side, the way that we hacked this was that most games that come out these days, they only succeed if they have some huge IP behind them. Like Pokemon launches something, it's going to do well. But if you launch your new fantasy thing, it's really hard to stand out. But the cards already have a story. The second you see something that is like the Satoshi spirit, it's uh Zuckerborg, you have a story that comes with you.

And that is a way of of sort of hijacking these viral memes that are already out there and allowing people to just bring a story into the game that we already have. I think that was the time. Were we good? Okay. Thank you guys. And we've got a booth in the back uh in the dark corner in the merch area. So, come by and find the people with the crazy hats if you want to chat more. >> All right, up next, uh, we have Russell from Unicorn. Um, and he's just gonna pull up his pitch deck.

And of course you know the >> Got it. It really is here. Let's see. Do I just full screen it or what? Should I just full screen it or what? because it's not. Oh, there it is. Ah, there you guys are. All right.

Brands want loyalty. Human beings just want simplicity. It ends up that all they get is fishing scams, um, bad interfaces, and, you know, sprawl about the user experience. And this is the reason that we made unicorn.eth. We provide one account that drives all of a brand's engagements, the entire experience um to remove any sort of ambiguity around the whole experience. My name is Russell Castanuro and I'm the co-founder for Unicorn.eth.

The membership and loyalty economy is about a trillion dollar industry. Unfortunately, all that value leaks through really bad experiences, really bad user experiences, um sprawl that sends you all sorts of different places that ends up stopping you from ever making your first transaction. How many of you have like 200 um accounts with loyalty and you use about 12? I know you're not raising your hand because you all have them. It's a mess. One place to go keeps it very simple. Friction is what kills it all, right? ETH Denver is the perfect example. When we launched last year before it, oh, do you have a wallet? Which wallet is the right one?

Have you staked your Spork? Do you have Spork? Are you a member? Have you joined the co-op? It was a nightmare and it took 20 minutes. We brought that down to 90 seconds. Now, it's the same thing in the real world. School. I have kids in school. They get a PDF with a list of links that go and they talk about go to this website. They all have different loginins. They all have different payment flows and it's a complete nightmare to try and keep up with it. It's not an event problem. It's not a web 3 problem. It's not a school problem. It's a membership problem. And that's what we solve with um with Unicorn's branded wallet, which we'll get to here. Okay. The uh branded membership portal gives everybody that

joins their own unique account. That's an ENS address. Gives them a unique URL that they can go to that they never have to worry about a fishing attack. They never have to open up wallet a wallet for wallet connect. It all connects perfectly. If they're using web two, they can use web two. And the best part is the brands control the entire experience and they have fantastic analytics on what they need. Uh, as you probably guessed, we're B2B TOC, so our clients, our brands. So, we have a very boring um revenue model of 70% from subscription fees, professional services follow on, and then marketplace and placement fees. Now, um, what do we do that's different? We turn membership

and loyalty into a reusable and valuable asset instead of a throwaway. Oh, a new brand that you bolt on. We lo all these things that we have up here are great, but what we also do is allow the the brand to get in either dive in full force or just stick their toe in without doing a massive integration. Um, and compliance, data compliance is built in, not bolted on. Our clients love us. Um, ETH Denver, we're the only IT prov or technology provider that's been brought back twice. Uh, live what you love.

We're doing workforce um workforce credentiing. Uh we're doing Bitbasel. We got onboarded people in two minutes and they were able to submit an NFT to be to prove that they actually were part of art that was going to the moon. Arbitum and Polygon. We uh we were able to onboard total noobs onto the blockchain, have them do transactions without any issues whatsoever. And we have three more contracts with non-web 3 companies that will be we'll be completing in the next three weeks. We give insights into both the member experience. They know exactly what to do. They can handle everything on the brand side. You know what works, what tactics you've tried, what doesn't work, and even what users liked those things or did those things.

Something that you don't have with all these disperate networks that are out there now. Um, we've been focusing mainly on early adopters and events. Um, but we are migrating up to brands that are web two brands. Um, we don't discriminate between web 3 and web 3. We believe the enterprise is where we will stay and live. Uh, the team I've done lots of great projects um that I won't talk about because I want to get to the questions. So, Griff Green is a hero. I've done my Colorado here in Hawaii. I mean, here in uh Colorado and Gardner is uh um storytelling and action. Thank you. Any questions?

Hi, I have two questions. >> Firstly, I see the the use case for this and why it's necessary, but I would ask what necessitates the utilization of blockchain specifically if you could clarify that a little bit further and then secondarily uh why are you the best team to make this happen? >> Uh those are two great questions. The first is that um right now loyalty is basically a point system in a database in a silo, right? It's not something that a user can bring anywhere. It's not something that the brand really values other than trying to get them to the next level. With blockchain technology, you can let brands try out experiments

with with the the different things they want to do to encourage use to drive the right behaviors to drive the right um the right experiences. And they can do this very much less expensively than they can with their own just by tokenizing and doing it for gamification or for tracking, not monetization. You don't have to monetize to be able to leverage the blockchain in a way that totally upends all the other providers that are out there for loyalty. Whether you're looking at Oracle, you're looking at Smile, right? They all have a big disadvantage. We're the the right people to do it because um I've done payment and uh and identity systems at the enterprise level for 15 years. Um, Griff Green, I mean, aside from saving

Ethereum twice, he's also been driving uh the the the uh ecosystem for Ethereum for many years with GTH and now with the Security Dow and Gartner has even been like an MTV VJ. So, we have sort of everything all covered. Thank you. >> Any other questions? >> Yes. Thank you. >> Okay, you can find yours. All right, up

next we have EVVM. Um, and we have um German as the presenter. Okay, thank you all to be here. I'm Carman of EVBMS is virtual set blockchains for agents up banks. With our solution, any project or institution can deploy in a permissionless way their own blockchain on top of any other infrastructure without uh paying monthly fees or anything. So the mega frictions that we have on EVM today that we are addressing gas tokens, broken wallets, token incompatibility in example X42,

complex privacy solutions, permissions and risks, non logics or Elogics and more copy pastas, L1, L2s and nodes as we hear recently. So EVVM solves all these things. So we think that we are the future home for agents. We have a gasless UX. So when you deploy an EVBM, you will have a full gasless UX blockchain on Ethereum, on base, on RV room. It's infraless. You don't need to care about infra. You will inherit all the security audits and all the expenses that has the host chain because it's paying and this is a smart contracts.

There is full composibility with every chain while you deploy this. So you can access to all the protocols that are already deployed on this chain. All the liquidity there is CK privacy and fullomorphic encryption confidentiality already implemented in our modules. So you can have CK bolts. So you can do also CK 402 natively. Now there is of course X42 native pay master and unnes from always. It's not new. So X42 was always compatible with any EVVM and you can do EVVMs virtual blockchains deployed by you that they are KYC AML or EAP 80004 compatible that only this kind

of uh actors can interact within it. So what it is is a blockchain inside a blockchain. With these smart contracts, you are literally having your own private environment with your own rules to get in to get out both on any blockchain in a permissionless way. So you will choose coding just in solidity how this will behave and of course it's full composibility with all the protocols. So our progress by far we have more than 200 EVVMs deployed by devs in more than 10 different chains. We saw CK BVMs for private uh payments and and private relaying of payment checks, pay any bill

now working on Ethereum. Uh payment X42 payment uh required middleware. There is fullorphic for confidentiality. Uh there is a gasless UX payment apps that are being built on it and and more. We also are working with entity data in an Hyperledger Visu solution where they make composibility in a hyperledger between many banks for their own privacy and they are bridged to Ethereum mainet using our own solutions with their own infra using relayers and trusted execution environments. So they can access liquidity from mainet and they can offer their products on mainet while they are on hyperledger vis private blockchain.

Uh this is on test it's not deployed yet but there is the test and we already made a demo in the Linux foundation decentralized trust event by them entity data. So this is the team we are very experienced our business model sorry this is it's not full showing there h we offer customizations with entity data that this is kind of ecalable up to 10 million a year. We also deploy using our EVVM market solutions. Now we are we are working a gasless payment with a card associated with it and with this we are going to market also as a company. Matalabs is a company and a marketplace that like happened with WordPress that was

mentioned before. We are also going to have marketplace for different EVVMs ready to deploy. The deployment is just one command five minutes and you will have it. We have already our CLA BL deployer. So why is cheaper? Please ask me for this slide later. And well in 2026 the ecosystem is Ethereum and your abstracted virtual machine for your needs. Banks CK and we are in pre we are asking for 300,000 to 1 million. We already raised 180,000 and the cost are for operations and growing. Thank you.

>> Uh hi uh I have a questions. uh you said you can like deploy the the whole AML and KYC process on chain and I wonder like what do you think is the advantages of this process instead of use centralized solutions >> if you have now your >> to add to that will be complimentary to it is your implementation of ADO4 intended to be a supplementation or an augmentation of KYC requirements is your implementation of a 804 is it meant to supplement Or is it meant to is it meant to replace the requirement of KYC through reputation basis or is it as well is it something that you're looking to augment other KYC requirements?

Well, here you are going to deploy a virtual blockchain with your own rules. So basically uh you can put the KYC in as a middleware onchain. So you know that then all the products that are inside your EVM CK bolts in example for privacy you do a KYC and then after the KYC you have bolts inside so you are compliance with any KYC needed for your region and you don't need to know who are your customers inside doing this CK movements and and this is a compliance way because no one that is not KYC can interact within this blockchain ecosystem this virtual blockchains and then you can deploy any other products And you can do composibility thinking in

this and you will know who is interacting and who is not. I don't know if this answer very well the question and regarding your question I mean the if if you are telling me that you need this configuration I'm not sure for what it is but it's possible because it's just solidity. So any integration that you can do with OT and even if you need some sharding execution on the relayers you can code it and and with the current models is I mean it will not be very difficult. We also have a fuel LMS txt that will convert any AI agent in a full stack deployer and and programmer of EBVM just loading this file. So thank you

All right. Up next we have Satsum Protocol. Uh and Eric will be presenting. Okay, sorry. Hi, I'm Eric, co co-founder and CEO of Satsumi Labs, and we're making a launchpad for backed consumer assets. So, we're solving two problems. First, launchpads today have massive issuance volumes, but most tokens have limited utility, and these these models are likely to struggle in bare markets.

Number two, product discovery in web 2 is broken. We as consumers take real risks when we support emerging brands and creators. Yet, when these take off, we get none of the upside. So, Satsum's vision is to use Launchpads to tokenize real consumer brands, shops, and brands, shops, and products. Real assets that regular people know best. These assets can then be used to reward early support and to derisk product discovery. So for example on Satsum liking something before was cool like Sriracha wouldn't just earn you Reddit karma or bragging rights but instead it would earn you stake in the in the brand or product itself

through something like a Sriracha token which would be backed by actual Sriracha sales. So how does this work? Satsum is composed of three integraable components that together form a full stack launchpad and and operating and a commercial operating system that lets you link your tokconomics with your actual onchain businesses. So first is the launchpad for tokenizing brands and shops. This has uh programmable revenue buybacks built in so that all tokens launched on sitsum will have will natively have price to sale ratios.

Number two is the creator backend. This is where token issuers back their tokens. This is a Shopify like hub for managing your onchain businesses, hopping on live streams and viewing your your your shop data. And number three is the integraable marketplace which brings this all together. So on this marketplace you can you're shopping and investing at the same time. So while you're browsing products you can view token issuance information, TDV and so on. And likewise, while you are in our um in our launchpad, you can be browsing products, creator reviews, and creator information.

So, Satsum's goal is to blur the line between investing and consumption. And the definition of consumer and the types of businesses that we can tokenize are quite broad. So for example, think about live streamers that you can trade stakes in rather than just tip AI agentic services that you can train, own and monetize yourself or or uh payment gated creator content that you can seed like a VC. So no matter what type of business you have, Satsum is enabling you to tokenize onchain and make a more communityowned alive and energetic consumer experience.

And since currently is no longer just a concept, we're already live. So since launching on Sepia last October, we've generated 70,000 registered wallet addresses with 8,000 people interacting with our protocols daily. And we've already onboarded our first uh batch of brand merchants. So we've been in discussions with streetware brands, electronics makers, uh gaming communities to tokenize and and get access to web3 consumers. uh about our team. We come from a a background of web 3, tradi and tech. So Selena comes from uh traditional equities, has a good background in market markets and tradings. Uh Aurora comes from web 3 B2B partnerships and

operations and Pont has built several scalable uh web 2 and web 3 applications. Uh yeah, I'll start here and take any questions. testing. Awesome. Yeah. I'm curious about the gated approach you have for allowing companies to launch on your launchpad or if there are any requirements they have to meet before launching. >> Okay. Yeah. So, we're completely decentralized. So, anybody can launch on our launchpad and they can say they'll dedicate 5% or x% of their revenues to buy back uh their their tokens. But of course, our go to market, we're going to onboard like so-called verified merchants that we approve, that are high quality, and that we think will do well.

>> Okay. Uh I saw you like you tokenize some items. Uh I wonder like how do you avoid if some if the items are damaged or there are some uh low quality this kind of things but the investor do not know this kind of things. Yeah. Um so yes so you're talking about what investors know >> the items may be damaged or it is have poor qualities but it will not shows on the like on the dashboard. >> Yeah. Okay. So similar to my initial answer like we're going to onboard uh high quality merchants and I think for the decentralized portion this is a do your own research decentralized protocol. So everyone has the the responsibility of you know

analyzing whether or not they think the token issuer is high quality and then you know some of them a lot of tokens will obviously fail but a lot of them will be able to give you a 5x 6x returns. >> Okay thank you. So for these uh vetted merchants, are you forcing them to use onchain functionalities for the flow of funds or if they're offchain, how are you guaranteeing that those flow of funds or those revenues make it onchain and be distributed to token holders? >> Yeah. So I didn't include this in this version of the deck, but we have a entire smart contract architecture where everyone has their own their own shop is actually their own smart contract and it's owned in their own wallets. But of

course for like our verified merchants we don't expect them to be web3 natives. So on top of this we have basically a custodial and centralized that an optional version that they can use if they want so that they can you know put in US USD into their their accounts with us and we can help them settle on chain and then all revenues will be automatically allocated by smart contracts. So there's no risk of I bought $10 worth of product and the revenues didn't get to the tokens token holders. All right. Thank you.

All right. So, next up we have Aban from Loy from Loyal Network. Um, and also a reminder for the judges, uh, if you are interested in, you know, seeing more beyond these, uh, five minute pitches, uh, we have a gallery with the the startup full decks, um, that we'll link to you again after this pitchfest. >> Full screen.

>> It is full screen. Whenever you start, it'll start. >> Hello. Just a second. >> Hello. Yeah. So, well, good afternoon Denver. Um, Loyalty isn't broken. It's just locked. And we at Loyal.network basically unlock it. I am Abin Bhad, the COO of Loyal.network. The main problem that the enterprises are facing right now is that $360 billion worth of loyalty points reside on their balance sheet as liabilities.

Giants such as AMX, Marriott, Delta, etc. have billions of unredeemed points on their order books. And this is basically because users are not able to claim these loyalty points due to fragmentation, expiry and lack of redemption options. I'm sure many of us here have miles or rewards lying somewhere in your accounts which you which you've never been able to claim and have eventually expired. And that's where we come in. Loyal.net network provides a global settlement layer where where you can convert your loyalty points into digital settlement assets that solves the fragmentation problem because we bring everything under one umbrella so that

you can convert even 1 cent worth of loyalty point into digital assets. It solves the problem with expiry because digital assets on blockchain never expire. And as you'll see in the coming slides, we also give the users a number of options for redemption. Let's take a quick look of how our alpha looks right now. So here's a short video. U I guess the audio isn't playing so I'll just uh explain it in short. Uh users can come to our platform. They can use their social media to register as we are using account extra abstraction. They don't need to get have a key. It's uh a smart wallet that's autogenerated. They can come and link the partner program which

they are a part of and see their balance. And at this screen they can simply convert their loyalty points into the digital assets. Once verified they can view their new balance because their loyalty points are now converted into digital assets and they can even check the history in the activity tab. So, we've kept the navigation and the UI pretty simple so that even non-native web 3 users are able to use the platform. Moving on, we've talked about what the problem is. Uh we've talked about how we plan to solve it. Now, let's move to why are we the best ones to do so. We already have 15 plus airline partners with major partners including Emirates,

Etihad, Air Asia, etc. We have 100 plus merchants across the globe. And if you count the aggregators as well, this number jumps to 10,000 plus merchants. So this is where we solve the redemption problem, giving users a lot of options in order to redeem. We have five live enterprise customers and already hold four patents in six countries. That's why we are already revenue positive and have generated 2 million plus in net revenue in the last two years. Furthermore, the team has been grinding in production for the last four years even before tokenization.

Our revenue model is pretty simple. Uh we charge enterprises a onetime integration fees. Uh we charge them a subscription fees for more features. And on the product side, we charge users a nominal fee for conversion of loyalty points and for settlements. Furthermore, we also generate revenue from the advertisements on our platform. This is the team behind it all with years of experience in loyalty, blockchain and infrastructure domain. What we're seeking today is strategic partners to join us and we are raising 1 million in seed round in order to accelerate the integrations that we can do in parallel for new enterprises to dep uh to increase the liquidity that we

have in our protocol and to pro tighten the security in our product by doing audits, regression tests, stress tests, etc. That's been my time. Thank you so much for being attentive. Uh do let me know if any questions. Yeah. Uh, one question from over here. >> Uh, so how exactly do you calculate the value of each loyalty point during the conversion and then also how do you convert the offchain points into like onchain value like are you using ZKTLS or >> uh no actually there's a concept called CPP uh uh cost per point uh that is decided between the enterprise uh and us managing it. So there's ideally a contract made uh technically it's for a

year and uh the value that's decided between the parties is ideally same across all trade programs. Uh so give to give you an example let's say Amazon decides that one point is worth 1 cent. So there's a contract signed as part of the CPP. On the technical side how this is handled is we have onetoone mirroring. So we use Cosmos for the stable coin mirroring where we mirror one Amazon point to one uh one uh token on the Cosmos chain and then on top is the public layer wherein our token comes in. So our token price fluctuates but the intrinsic value of the loyalty point remains the same because of this architecture.

>> Question from me um I think on the demand side is pretty clear that you're removing the friction. Can you hear me? Can you hear me? removing the friction for redemption of the points. But on the supply side, >> sometimes it's not even um good for the enterprises to have this redemption happen because if people forget about it or expires and then you just >> go away, right? So what how do you actually address the supply side? >> Yeah. So we have something called as protocol control liquidity PCL. So we can actually control how much the enterprise wants to liquidate. So we given a number let's say an enterprise can add 10k worth of liquidations for a for a week and as soon as that is hit

API goes out to them stating that okay this much is liquid liquidated do you want to add more so enterprise get control over it if they feel that no we don't want to move more liquidity from our books they can straight away not add more liquidity so we just giving them a settlement layer but we don't decide as to what's the limit uh to their conversion so that keeps them happy as well so they get control over the liquidation Any more questions? >> Yeah. When it comes to the interoperability of the points that you mentioned, can you elaborate on that and talk to if they are tradable assets on chain?

>> Uh yes. Uh so to give you example, let's start with what if we didn't use blockchain? Okay. So uh in case you don't use blockchain, the integration between two parties is onetoone. Uh it's a bilateral integration. So when you use blockchain what happens is you come to our platform and it's a one-time integration. So let's say Delta uh MX and Amazon they all three come in uh together. If you're not using blockchain they all need to do a bilateral connection with each other. But by using blockchain they just integrate with us once and they get uh exposure to all the merchants we have and all the partner programs we have. So that is the interoperability that we are talking about. uh it's it makes things global.

Uh plus it also solves fragmentation like I said expiry issues and uh redemption issues. So that's how it works. Uh any more questions? >> Oh, okay. Cool. Yeah. Thank you so much. Thanks for your time. Thank you. >> All right. Next up, we have Stacy from Hive 3. Um, >> Hi everyone, I'm Stacy Quackenbush, co-founder and CEO of Hive 3. If you're

anything like me, you're using about six to eight apps to manage your global community or your company. These apps may have AI or blockchain and it's unlikely they have monetization rails. You probably have to integrate them yourself. This is not scalable right now. Communities are companies. Communities are driving global economies, but they're running on fragmented tools that are not substantial. This is not sustainable. At Hive 3, we bring it all together. You get human verification, blockchain and AI tools that run across your apps, plus compounding rewards.

How it works, every community gets a hive. And in that hive, you can run quests, events, you can have marketplaces and content. You use AI to manage it, blockchain to reward it, and monetize all of it. Why now? Because communities are becoming the new companies and companies are driving economies and they're working on outdated fragmented tools that were meant for socializing. The business model is simple. Subscriptions were B2B TTOC subscriptions, revenue from app integrations and events. With every Hive, which is an application, you get a virtual space. And this year thus far, we've got two conferences, a gaming

tournament, and a hackathon booked. traction. Thus far, we've done pretty well. We have tested our product in 75 countries. We've received a circle grant. We just started onboarding communities and we are already at 1.2 million targeted by end of the year in ARR. We're actually launching globally on crypto nights on Amazon Prime to 12 million this spring. Our goto market strategy is pretty simple. You build a product that when people use it, they promote it and then it comes back to the platform. Our user base is 50% gaming companies, 25% web 3 organizations and 25% web 2 brands. The team serial

entrepreneurs with two exits that have shipped over 100 products and that have worked with brands like Apple, Microsoft, Nissan, and United. I'm Stacy Quackenbush and I am the co-founder and CEO of Hive 3. Thank you. Thanks. Any questions? >> Uh would you give some like the the user case of this one? The certain user cases?

>> Sure. Um one of our earliest adopters was Conflex. They have 500,000 developers. So they're using our platform to bring the developers together. Um so they get to offer tasks, reward the task. They have the virtual space to actually do workshops and trainings. Um they also get the ability to bring their global community together in places that are different than places like this. So that's really part of what was important to them and also to reward their ecosystem. They could do it all from one centralized dashboard and that was really important to them. And one of their biggest uh pain points was they have I think four or five discords alone. they get to integrate their Telegram, their Discord and all their channels and manage it through one

centralized dashboard. >> Can you share a little bit more about um perhaps something that could be considered a competitor to this and what your competitive advantages would be against that? >> Yeah, that's a really great question. So we've been compared to a lot of different things like for example on the web two side um LinkedIn because LinkedIn we really pick up where they leave off with as far as credentiing and using on and offchain data points with AI to create analytics that are really meaningful. Um additionally um I would say unicorn would be another one where communities come together and they one centralized place to um manage their community using onchain possibilities. I

think where we we extend it is that we have AI as well and you have AI that represents your community. You have AI that can actually work as an assistant to manage your community and then that AI analytics that go across all of our communities and within your communities to provide you really robust information like who are great potential clients, who should be networking with and where are your best job leads. You're welcome. Awesome. So, now we have Kenneth uh from AO.

>> All right. Can we hear me? All right. So we are AIO we are extremely different. We're not following the traditional paradigm of crypto and blockchain. We believe that blockchain is a technology and a platform all in itself. There is more to the world than trading and sending money back and forth. So our focus is focused entirely on being able to take the crypto, take the platforms and make it more secure. Not just ZK proofs, not just more VMs, but actually reinventing the blockchain from the ground up. Everything quantum security,

quantum privacy, quantum obuscation and camouflage, the list goes on to bore you to death. So why is this needed? More and more we do hear from even the leaders of other blockchains talk about how important crypto uh needs to be secured better as quantum threats become larger. We've taken that to the next level while they've been talking about it. We've actually been building it for the last year. So we're far far along compared to let's talk about it. Let's go through the governance. Let's go through the process. We're fresh. We don't have to go through that. We can build it from scratch from the beginning and avoid all the drama and the lag that goes with it.

What this comes with brand new consensus models, brand new ledgers, completely decentralized infrastructure as you take the quantum stack and it goes from multiple layers. This is an actual operating system. If you think Linux, if you think Windows, there's all this magic hidden behind the scenes. Our focus is to abstract it. We want actual utility for people to adopt blockchain the technology. As you know, if you are a developer coming into the world is extremely complicated, especially when you look at all the options that are out there. There should really only be five to 10 blockchains that exist that are worthwhile building. Everybody else is just well a wannabe clone. Sorry.

So, what do we have? We have over 300,000 wallets on our system. We are in testn net. We are preparing to go to mainet at the end of March. We are in the middle of a security process and audits and compliance for all of our solutions and utilities. Um, yes. And here's a wonderful road map for you to look at. I'm running out of time so I'm just trying to move along a little faster. What is a sustainable model? It comes from a lot of things. This is an operating system. You get the operating system for free, but the value comes with the suite of tools and applications that are within it. It's not just about let me send my token to another chain.

Let me, you know, convert it to money. This is about infrastructure. This is about letting developers have a place to sell and monetize their solutions, their applications, their libraries to make more money, right? The developers are the ones that end up getting screwed in the world on the blockchain ecosystem. This platform is for developers. This is what we want the future to be built on, not all these legacy chains. So, this is a little bit about us. I'm running out of time here, so moving along. Um, but this is us, right? We're looking for a little bit of funding to help us get through maintenance and launching our applications almost entirely around security

testing compliance alignment with national institute of standards and technologies um fips compliance for the entire stack right so that you have a pure quantum stack from the bottom to the top not just calling a library that will do something for you this is entirely native on the bottom we are engaging quantum computing labs for actual testing, penetration testing to make sure that this is going to be truly resistant to the threats that are out there. So, pause. Any questions? >> Thank you. Uh can you talk a little bit more about economics? Uh what does it cost? Uh and what are the restrictions on the validation on speed etc.

>> So around the tokconomics is that >> e economics of the pro. So how much does it cost? what are the costs to the users to the okay apps etc. So the core operating itself is going to be free. You can use the operating system itself. The economic model is going to come from if you want to run your own quantum storage nodes, you can acquire your own storage so that you truly have sovereign ownership of your data leveraging the quantum the utilities, the applications that exist on the platform. our AO identity, we have our zero veil platform, we have a whole suite of operating system tools that come with it. But you can build your own applications to deploy on the operating

system just like everything else. So the core is free. Most of the economics are going to come from enhancements, utility and transactions. >> One more question. Uh how are you going about attracting developers to build on your platform and what type of applications would you like to see being built? So, we have a lot of interest from developers um with us going through security audits and testing right now. We've been doing demos all week long over there, showing people what it exists, what it looks like, how it works, and giving them real real life demos. Um how this is going to actually roll out. What was the last question?

I'm sorry. >> What type of applications would you like to see? >> We want to see everything, right? It's not limited to a DeFi. We have personas built into it. So if your persona is, hey, I'm doing my financial transactions today in my banking, go select that persona. If you're looking for your development environment, your idees, great. Go click the user persona for DevHub. And now you can start doing drag and drop orchestration of blockchains from layer ones, layer twos, all that. And it's oneclick deployment. So that's it. Thank you.

Okay, so now we have Fernando. He's with Intelligence Cubed. Uh, and after this we have four more startups. Hello everyone. I'm Fernando, founder and CEO of Intelligence Cube and thank for a kindo and perform ventures. So why we're calling intelligence cube? because we are trying to empower AI and embody intelligence by decentralized intelligence. So that's why we are calling intelligence cube and we're building a DA driven open source modelers. This year is the second year after DAC. So uh we're building the world's first AI model NASA. So here you can just invest uh your um next deep

which is our normal deal here as retail investors. So uh over the past year we uh I have talked with Thomas uh in SSF and token and we believe the most natural way to build AI is to decentralize and we believe that uh the decentralized intelligence will be the solution to AI bubble. So everyone is talking about a bubble currently and we're trying to uh overcome them and solve their problem here. The first we are trying to uh create a a creator economy for model co-creation uh to lower down the econ uh economic limit and for uh real-time limits. We're empowering the communities

to supply their data and uh use this data for auto fine tuning or autorompt tuning to make the database of machine learning models to uh to be on real time and sol u any kind of niche questions. Uh and for eos system limits we're uh use blockchain as a rotor to integrating and connect all the open source machine learning model and uh we believe that for area of them uh it can be uh with better performance for niche scenarios and we're uh roing them so uh also with good uh user experiences.

Uh so here is our platform. If you are original creator um u maybe uh initially your model will be closed source you can just use initial model offering to list your model or modelers and uh after it get crowdfunded by the community and more than 15% ownership are invested this model will go open source that means all the models with data and updates will be open source and for the uh retail uh for the uh all the retail investors they can just have revenue sharing from the inference revenue for both API calls and uh chatbox functions on our platform even after it go open source. So uh for after it go open source it will enable for the fine

tuning especially for the co-creation uh which added so much value for productivity for this machine learning models and we are developed a way like updated warden for arc 804 and talk with Thomas before and you know everyone know 804 is just for the uh reputation but um just looking for some kind of research paper not only the reference list on change is valuable but also we are trying to integrate them uh by our watermark mechanism to a single incentive that is similarity or citation rates and it can be directly reflect to the road accumulation risk to all the co-creators. So we just create a automatically go to market workflow for all the machine learning models from

close source to open source and then uh automatically go to market by directed creators to make adapt to business and then to consumer side and every co-creator they can just focus on which step they're most good at or they are most interested in. uh and with all this data on chain especially for the investment and also the uh usage on chain which is for real time transparent and cannot be added uh we are uh create a democratic dynamic benchmark to solve the traditional AI benchmark market which is so slow expensive and most of the user will not look at that so we're use a way like a e-commerce simulation so mostly we are focused on objective indicator that is usage or investment

activity on chimp by the um users and uh we have some vertical index to let people to determine which model they would like to invest or use by how intelligent they will be. So with this mechanism we have a pro uh you know a proof intelligence mechanism to uh automatically shift the model price within a range on our platform. Uh and there is no need to uh launch a sub token. So it enables uh you know real high quality model developers from web two side to uh easily get on board on our platform with no compliance or stereotype or some administrative issues or concerns. Um so uh we have basically we have four layers to uh um you know

generative revenue. The first will be transaction layer. We can just have revenue sharing from the usage or uh uh ownership investment and also for the infrastructure layer we have a matchmaking mechanism. It's just like a sit tie where matchmaker data and uh compute suppliers both centralized or decentralized to some uh model creator for pretrin or uh some inference or hosting services and we'll charge a matchmaking fee for them and for data and intelligence layer we have benchmark API cost and full subscription selling both to B and to C and in the future what we would like to do is a index fund for different vertical trucks for machine learning models and uh investment portfolios was just like JP

Morgan personal advisor investment. So we are charged a manual trading fees and at that time we are subsidiary and sponsor the first three layer to get more user and with better user experiences. So for our team all of us are based in Silicon Valley and we are with uh background um you know in top uh US universities and big tech companies from Berkeley, Stanford, MIT, Kjim Malon uh Caltech and Howard and also I was investor in white company China before and we also have some people from open AI uh um also research fellow from um Microsoft and Google deep man and uh we have professor Tessingly as our advisor who is also a mentor to Android for and also we have Orion as our advisor the GP

of Arendelle and we have more than 20 PhD or postoc from top universities or research lab in the US who are supplying the current uh more than 500 in-house uh creative model our modelers and we also have more than 1.2 2 million from public supply machine learning models on our platform with high quality and uh for the traction currently we have totally 2.5 million MAU um and we are supporting for multi-chain especially EVMS but we are also supporting for SVMs and um you can see here we're the top three among all the D apps on BMBB chain but we are also deploying on other EVM chains so currently we got some uh listing offers from top exchanges and we're trying to

raise more money and if you are interested feel free to scan this QR code and add me on telegram. Thanks so much. >> Quick question uh how are you kind of attracting these very high quality models to be >> to be on your platform and are they exclusive because many of these models can either be preparatory or they would be monetized in other ways. >> Yeah. Yeah. Uh maybe it's hard for all uh our competitors but really easy for us because all of our team members are training model ourselves and um even we have you know top 1% of new rips uh oral you know so um some some uh model developers or um creators they are just

our classmates our professors our alumni so uh we're backed by our own reputation so it's really to easy to uh get them on board on our platform with no stereotype or compliance concerns for web three space and also we have some grants from uh compute uh providers uh including uh GCP AWS and also Asia. So we're we're we have donated more than uh 1 million uh >> dance party dance party. If you like to dance go to the vibes lounge next to mainstage we'll be on the tracks and female vocalist and producer from LA Fen goes on from 5 to 6 p.m.

>> Yeah. And I'm also guest lecturer at Kjim Mal. So we donate one more than 1 million comput grant to current mal and to get their professors and uh uh postto or PhDs to get on board uh on our platform to list their models. >> Thanks. >> All right. Up next we have Nathan from Bond Market or Bond Credit. It might be.

Yeah, big download. go after >> maybe I can hear you.

Wait, start. >> Yeah. All right. So, my name is Nathan Vandy. So, my name is Nathan Vandy and I am CEO at Bond. Credit. And today we're talking about building the credit layer for the agentic economy. Let's look at the context first. Capital is entering enter entering a new regime. Regulatory tailwinds such as mika regulation, genius act, vara in Dubai are leading to scaling stable coin supply which is compressing defy yields.

It was as low as 2% last week at Ave. And at the same time, it's going to start to bring on uncorrelated RWA yield as well. And the thesis that agents are going to be the new creators who manage that capital as it comes on chain. At the same time, the context of lending is un is important to understand. We're moving from assetbased lending, which is based on the price of the asset and liquidation mechanisms to actor-based lending. And the importance of this is that it allows you to unlock a lot more capital efficiency. Let's think about it. If we ask students to give an undercolater un uh if we ask students to

give an overcolateralized loan to access education, education wouldn't be going anywhere. And so as you have more observable observable risk and a forceful control, you can get more capital efficiency. So let's move to the problem that we're solving which is that capital can't flow to agents right now. And we're seeing that even though there was a real big peak in AUM for agents, it's gone down quite a bit. And this is not just due to a change in the macro environment, but also due to lack of trust. Agents struggle to access capital and allocators struggle to price the risk of these agents. And this is despite agents outperforming the rest of the market. If

we look at this first graph, this is 1010 as most of you are aware of. And the DeFi AUM fell by 11% during this time and the AUM for stablecoin yield agents fell by 1% which shows that they have better market discipline. At the same time as well, we have agents that are starting to outperform the compressing passive DeFi yields and are hitting around 5 to 10%. So as we're looking to give credit, we need to understand it from first principles. Credit is information and control. And with agents, they hit the pinnacle where you can have very great observable risk because all of the agents verifiable history is on chain

and you can continuously understand their data. And we can use cryptonative mechanisms in order to create programmable restraints, policy enforce capital access in order to get even more The best analogy for this is HFTTS. In the early 2000s when algorithms were pouted to start managing capital for fund managers, a lot of people were scared. And if you look now, over 50% of the capital in a traditional market is managed by HFTTS. This is our thesis for agents as well. But what's missing is the underwriting layer to bring that trust. And so that's what we're doing at Bond. Credit. We're already working with 87% of the AUM or stable coin yield

agents. They're signed with us and we aggregate these agents and we put them into our agentic credit engine so that we can understand the risk and the probability of default. Next, we're working with some of the best chains out there to start deploying our credit vaults. They're going to support us with liquidity and distribution. And the next step after that once we've tightened our credit engine and the credit vault is to create credit agentic money where we'll start creating junior and senior tranches from a yield coin minted against the credit vault. The business well it's pretty clear we're going to be having our assets under management and take some carry on from there but then we'll also get protocol fees from AUSD

once it's minted in the future. These are some of the other um revenues that we can have in the future such as agents listing and scoring. But the bulk of the money will come from the AUM fees as we sit on top of that layer of the agents. Our structural advantage is that even though our players do have a head start on the liquidity side, they haven't built for agents from a bottom up perspective. And that's what we're doing. We know agents are the futures. And by creating agent native capital efficient credit, we're going to be able to get a bulk of the market. And to be honest, a lot of these aren't actually our competitors. They're actually going to be collaborators and we're going to help to route their liquidity in a capital efficient and riskadjusted

manner. So this is the team myself, Nathan Vandy, I was at Trufi where we gave 1.7 billion worth of under capitalized credit where I got a lot of this uh idea from. and appraar as you know the data uh platform our CTO Med he made the first AMM on uh DEX on uh scroll and he was at polygon and mode and our COO is a world-class operator who worked at financial institutions such as ABN Amro and WTO and you can see all of the partners that we've been able to amalgamate over this time uh over the last eight months including also being mentioned in Forbes magazine and not for being 30 under 30.

This is our 1.5 million preede that we're looking to raise uh and fund and launch in Q2. We're really excited. We've got a lot of traction. Credit in any economy is inevitable and we're here to create credit for the agentic economy. Thank you so much for listening and open to any questions. >> Thank you. uh can you talk a little bit about the uh enforcement events and enforcement mechanisms this like there is a lot of good thinking how would it work in practice? >> Yeah, I really love that question. Uh one of the really strong analogies for this is um understanding mortgages. So when you go to a bank and you ask for a mortgage on a house but mortgage has collateral you don't uncolaterize.

>> Yeah. You don't need collateral cuz you can actually create a multi- signature wallet where you are the owner and the agent is a manager. So you still own all of the assets there, but the agent is able to move it. And if the agent ever does anything outside of your policies, you can remove that. But the agent still has that capital that it can earn on take its performance fee for itself and then also you can take your own money as well. >> So it's more of asset management, not lending. It's a mix of both of them because we focus on making sure that the agent doesn't lose the money. We actually have to enforce those because if it's just asset management, you can just ask people deposit into an agent and they don't have the controls to be able to take that back. Credit is all

about making sure that you stop loss from happening. And with the current mechanics, that isn't possible. Sir, can you just elaborate a bit more on how do you actually rate the risk from these agents because credit is all about risk? >> I love that question. So we've been working on this for the past 8 months and as I said at TruFi this is one of the things I was working on helping to structure the credit facilities and I can just give you a high level of the five categories that we work on which is performance which translates to in credit uh uh terms as future payment risk provenence stability and sentiment and we have individual scores for all of them and then we algamate them into one score at the end and we use that to pro

rata create revolving credit facilities for the agents out of the aggregated capital that we get from both funds and also in the future hopefully agents. >> Thank you so much. >> We love your Up next, uh, we have Peter from Nemesis.

>> Hey guys, GMGM. How are we doing? Good. Awesome. Well, um, you guys probably uh recognize me before from uh the uh panel I have uh at yesterday's summit, but um you know, actually I'm building DeFi. So, what is Nemesis, right? uh Nemesis is the DEX for internet capital markets. We're building a D5 primitive for internet capital markets. And what does that mean? Right, before we dive into the details, let me ask a very simple question. Have any of you trying to leverage, trade or short a onchain token that's not listed on Binance or Hyperlquid?

Yeah, cool. Well, then you'll be one of our users, right? So we are building the decks that allow any onchain token to be swapped long or shorted and provided with liquidity always on one single liquidity pool. But think of it as unis swap but plus permissionless leverage. So the problem of the current shortselling um venues is is heavily relied on derivatives right derivatives is separate market from spa liquidity and there's so many tokens that being created on on daily basis hundreds of thousands across pomod fund and launchpads you know on EVM compatible chains right but the problem with proprietary futures it's relying on a centralized listing approach right

that's also applying to hyper liquid and also relies on a permissioned market making u market makers Right. So the HLP evolves is actually um built by the uh hyperlocal team themselves and so so it's uh Binance they have a proprietary set of market makers uh market making for per right so there is a permissionless problem a permissions problem that need to be uh solved by a permissionless solution right so introducing OMM omnidirectional market maker so what is it it's a novel liquidity framework that's built on the current designs of automated market maker first and allow allow any onchain token to be laed or shorted on spot liquidity. So we do not rely on

derivatives. Everything operating on spot liquidity which is the only thing that the token has and we do not rely on any external oracles. So the massacre happened on October the 10th will not happen on Nemesis and we do not rely on any centralized components or permission market makers. Anybody can be a liquidity provider and anyone can create a pool on Nemesis. So a truly decentralized and permissionless permissionless solution for everybody. So how does it work right? So as a trader let's say you want to short a token against the ether. What you will do is you will deposit ether into a isolated margin account right and the protocol will borrow the liquidity from

the pool burn it swap it on your behalf to create the desired exposure that your trade is looking to get. Right? And there's a margin maintenance rate that's going to be evaluated at all time for your position. And once you breach the margin maintenance rate, you'll be liquidated. On the other end, the liquidity uh providers will not only be earning the trading fees, but also the interest income and part of the liquidation premium. So three layer of yield compared to if you are LPing on unis swap or aerome or anywhere else. That's the organic product edge across the entire deck space.

So there are two things I want to emphasize. I think in the crypto space now we are entering into an era that people are so based that we realize that there are only two areas that makes most money in the space. One is token creation or we call digital asset creation. we see the rise of pump fund and all these launchpads um and the AI agents nowadays right and then the other part is the token trading right so asset creation asset trading and that's that's why we capture both right and the reason be uh the reason for that is we are going to redefine how IDO works right so if you think about how IDO works now basically you can pair a ERC20 token with a ether uh into a liquidity pool

and the and the swap goes from there however Ever with OM and Nemesis, leverage trading starts from day one. So tokens don't need need to be listed on Binance or Hyperliquid to be leverage traded. After 20 minutes of sitting the liquidity pool, the T-W will kick in and then you can leverage trade any of the tokens within the liquidity pool. So speaking of the team, I'm personally responsible for three million monthly active users and five billion onchain volume before across two protocols that's venturebacked by $40 million in total. We have a associate professor of Vanderbilt University um in the computer science department working on the architecture and the technical development of the protocol. We have

folks from Microsoft uh Google Y Combinator backed companies and Binance. We have also assembled a strong I would say uh helper team right who have raised um you know 300 million in total funding and also investing 32 um unicores in Silicon Valley who are helping us on resources. So so far we have seen almost n uh 600 unique addresses on v1 white list and we have given out 2.3 million uh worth of NFTs to the community. They're all free mint but they went up to.33 in ether on base. We have also partnered with district which is the number one ICM launchpad on base backed by and

initialized. So that's it. Um I forgot to put my um telegram over here but uh you guys can uh reach out to me later after this. Um but thank you. >> Thank thank you for for the presentation. So can you outline quickly what are the key difference to margin trading essentially like within what what you're doing how is it different to locking up uh puns within a protocol and then like doing the margin trading >> uh we are essentially doing margin trading yeah where are margin trading protocol >> where is the efficiency comes from then >> huh >> where the efficiency that you create where does it come from >> the efficiency the capital efficiency right so uh the liquidity providers

right if you're lping on on a uni uh pool, you'll be earning the trading fees only. But on Nemesis, you're only not only earning the trading fees that you will be earned from another DEX, but you'll also be earning the interest income and part of the liquidation uh flow. So any position that's default will be liquidated and the part of the liquidation premium will be shared by the LP within that pool. >> Thank you for your presentation. I have a quick question regarding um I actually really appreciate the concept of this but in an industry where we're often battling between opportunity cost of manipulation and a product that's going to be reliant on oracles for pricing index what efforts are you putting forth in protecting yours and your users assets

>> great question um so we are you we're using a um uh T-wap oracle to uh handle liquidations right and uh in terms of liquidation we have also built a partial liquidation mechanism that could softening the liquidation um process and also um you know regarding the um the yield right like the the interest income and also part of the liquidential flow also compensates for the for the badass risk that LP take on within the pool. Any other questions?

Okay, thank you guys. Have a good day. All right, final two startups. Uh we have OP from Vanna Protocol. >> And do you know how to go over there?

shoulders over there. >> Hello everyone. Um my name is Opender and with VA you can actually leverage anything and anywhere. Now the question comes in how? Let's see about this video. So there are around hundred billion dollar plus liquidity that is over collateralized and ideal and the leverage that you see in the pers market is locked. You can that cannot compose beyond per markets and overcolateralization keeps capital trapped to just you know uh lending markets and even there is no safety net for the positions which are long in the

markets right so how can we unlock this into VA that's where composible credit infra comes for D5 you can actually borrow under collateralized credit from the collateral >> running >> and you can then Sorry. Okay. And then once you uh deposit the collateral, you can actually Sorry, this started again. So like as you can see the leverage is actually logged into the purse market which cannot move beyond purse market right and over collateralization is keeping the capital trapped into the lending markets and also there is no safety net for the liquidations and any we can actually wipe out the positions.

So what if we can unlock it all and that is where wana comes in as a composible credit infra. So you can borrow under collateralized credit with the collateral like let's see how this works. First, you are depositing this collateral, let's say $1,000. And now, once this collateral gets deposited, you can borrow with simple leverage selection. And once you borrow this uh credit, you can you have got the total buying power which you can utilize and deploy across multiple markets. And that's where let's see how this happens. Let's say you open a spot position and uh worth $2,500 for ETH. And now you will be opening a hedgehot into the per market where you are actually hedging the exposure and you are not going to

get liquidated and with rest of the amount you can actually deposit that into lending world for earning extra yield. So this is just one example that I gave you actually make a lot of uh different strategies uh you know into wana the possibilities are limitless and that's how you can maximize profit and minimize the risk. Now the question comes in what is the risk infrastructure for this. So how are we managing the risk? The thing is that we first of all do not allow users to withdraw the borrowed funds and we keep a track of all the uh positions of the borrowed funds that go across multiple markets like let's say when they go to a lending markets or LP markets there is an LP

token or a token similarly there is a track token for uh per markets or derivative markets that we have created. So we will liquidate all the positions as soon as the collateral value uh falls below the threshold value keeping our protocol solvent. Now the question comes why now? Because 70% of traders still lack sufficient capital excess and 90% of traders face liquidation risk and this is the $50 trillion opportunity in trading volume by 2030 by uh CG of 45%. And our business model is very simple. We earn fees when traders borrow at leverage and we earn when they get liquidated uh from the part of liquidation penalties and

also we earn fee cash backs because we are aggregating all the major D5 protocols into the market and the we are competing gearbox is our major competitor here but the core difference is that gearbox is providing isolated margin and they are not providing access to derivative markets and we are providing cross margin uh unified accounts and we are providing access to derivative markets as And we are even opening the access to prediction markets in the future as well. So this is how traction looks like. We got grants from five ecosystems including optimism, stellar, draper university, polygon and uh gitcoin. And then we raised small preede round. I have my own 20k plus following on the social media. And this is our future

vision where we want to build a cross-chain agentic infra where you can simply use that credit to trade on any market irrespective of chain. And uh our ask is $2 million plus $3 million for liquidity bootstrapping on our protocol. And we have a team uh with experience of 10 plus years in D5 and security research uh including a spectral finance and polomial and that's how the future is D5 is composible. Let's talk if you're interested. Thank you. Any questions? Could you talk a little bit more about how

your smart contracts otherwise ensures liquidation and protection of your guys' um margin calls and things of that? >> Yeah, sure. That's a good question. So when when a user takes a loan, what happens is like uh it's a account app section based smart wallet that where that margin account gets created for that user. he actually borrows his uh sorry he actually deploys uh deposits his collateral into that margin account where our liquidator contracts keep an eye on the position right so when he borrows the position against those collateral he we whitelist the D5 protocols where he can actually go and trade on those markets because he cannot withdraw the funds out of this margin account and once uh this liquidation uh once the bad debt happens then

automatically our liquidation uh liquidator contracts come in and they will liquidate and pull back all these borrowed funds back to our uh lending pools keeping our protocol solvent. Thank you. Any other question? Okay, thank you. All right, thank you for staying with us. Uh we have one last startup. Um this is going to be uh lane three. Hi everyone. Thank you for sticking with

us. I know it's Friday, well after 5:00 pm um on the last day Denver. So uh my name is Elizabeth and we are lane three and we are tokenizing credit for real world impact. So you know today there's a big gap in affordable housing builders who need access to more affordable credit for bridge funding and there are crypto investors web3 investors who want access to realworld assets with real world yield. We are building the infrastructure layer for tokenized private credit through tokenized loan obligations.

Affordable housing operates under an extremely broken system today. It's chronically underfunded compared to market rate housing, creating massive societal and economic challenges. In fact, 95% of private credit goes to market rate and commercial properties. Traditional credit markets are slow and fragmented. Capital can take months or years to be deployed. Financing costs are out of reach for many borrowers. And then that capital stays locked with no liquidity. This is the gap that we are addressing.

Lane 3 solves this capital void through crypto native infrastructure with tokenized private credit. We turn short-term impact loans into liquid digital credit markets through tokenized loan obligations. Blockchain tools reduce capital deployment time, create fractionalized investment opportunities and transparency while ensuring realworld yield for investors and secondary liquidity opportunities. We originate these short-term loans, convert them then onto onchain secured credit pools, giving crypto investors access to stable assetbacked yield.

Our TLO's are designed to meet the capital needs of small and medium-sized builders of around $300,000 to $5 million over a 6 to8month loan period. The borrower APR 10 to 12%, the investor yield 8 to 10% and then the lane three spread 2%. Investors deposit stable coins into the lane three pools. Re we originate and structure those short duration housing loans. Borrowers repay with interest and then the yield flows back to the investors. These assetbacked loans with collateral guarantees short-term durations all reduce risk. Our protocol adds transparency, compliance, and

liquidity. We're making private credit investable onchain and unlocking scalability, repeatable, structured credit issuance. So, why are we focused on the affordable housing market? Well, because there are over 7 million housing units just in the affordable sector alone, not even counting workforce housing, right, that are needed in the United States. That represents a financing gap of $400 billion, which means we realistically think our serviceable addressable market is 30 to80 billion.

And so why us? Why now? Well, because we've spent the last year building relationships with these affordable housing developers across the country that have created a $30 million pipeline of builders who want to build, which will result in 400 units of affordable housing being produced. And we have 10% fulfillment of that borrower pipeline in soft commitments already. We have the technical expertise on our team with over 10 years of DeFi and financial sales, financial product sales and then also local, regional, community development and economic development experience. In addition to that, we have

an advisory board to help originate our loans with decades of banking and finance experience. And so where are we now? Right now, we want to raise an order that we can complete our platform, make sure our app is, you know, fully built out so we can have our uh smart contracts audited and deployed that will allow us to launch that first tokenized loan pool which could be represented in a variety of number of loans either in one city with one builder or across multiple cities with multiple builders. If you want to solve the housing crisis that we have in this country, here's a product we can do it with. and then post that we can

expand this to other markets that use private credit also. Thank you very >> Thank you. Uh I have a quick question like what happens at default both onchain and offchain operationally. >> So we so small and mediumsiz builders like we're focusing on generally have a default rate of 5%. Which is ridiculously low especially when you compare it to other tokenized you know products in the blockchain space. So we also collateralize those loans with other real world assets they have or with uh developer fees that they collect on other projects they have. So we have a variety of risk mitigation tools and we've built that slippage also into the in into the repayment terms as well.

Okay, happy Friday. Thanks. All right, we got all pitching now and now we were wrapping up. So yeah, first of all, let's give a round of approach for everyone here and judges and the Patre project. I'm very like excited and everything was amazing to see. So here's it comes. So now is the time to see who is the winner, right? Okay. So the winner is every project. So every project goes to the our D room of our kind and uh

actually on that is private room. So you guys can connect to the VC later on to the our all all our the partners VC. So please give a round approach to the all project. Okay. So and also like the the feedback that we got from all uh all jes we will uh aggregate it and later on we will share to the all project. So okay um I was uh yeah it was really amazing event for today and thank you for joining us today and uh you know like uh is going to keep going and we will also going to do our event in the

future. So you know like now you guys here and uh you guys are founder or like VC you know it's just still like have a chance if you keep it building for the future maybe you will be the one that going to pitch in the next one. All right thank you for everyone and please give a round up again and now we will take a picture. So the picture all our picture come to the