Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Hello, hello, can everybody hear me?
How am I sounding? Thank you. All right, all right, I think we're ready to begin.
All right, thank you for everybody for joining the space.
Shout out to all the builders in this space.
We'll be covering Core Hacker House India 2025.
And we're talking with the winners, actually.
So a bit of a surprise, but we got all the winners here on stage.
And let's just start off by doing a quick intro.
So I'm Dylan on the core side.
I'm not a builder. I'm not one of the important people.
I'm just here to highlight the builders, ask them all these questions.
So let's get some introductions going. We're at thyru.eth. Let's start with you.
What was your project? What were your thoughts on the core builder Hacker House?
And what's your experience? What's your name? Take the floor, please.
Or whoever wants to start. Whoever wants to start, give a quick intro about their name and their project history and crypto go for it hi
uh okay yeah you can go first
And yeah, we had a really awesome experience at Core Hacker House.
And we came up with this project of BitMax, where we are basically maximizing your every bit of bitcoin so yeah had an
opportunity to work alongside some really talented developer and some really great mentors on core
dao so yeah looking ahead for this session
All right, I know we got four other teams up here, so we got any more instructions?
Yeah, this is Varimtu from Clampify.
Like, Project 1 with Earthrise, like, it is an anti-rag platform, like, where the tokens
would be safely built in with the production of drag
pools and flash loan exploits. It was a great experience in building the adiqo rack rows over
these sessions like Mentas and Red&C was awesome. I was one of the full stack developers over there.
So hi my name is Manavinder Vandas.
I am from Team Technical Abaster.
See, our project was CoreTashi.
CoreTashi is a B5 staking protocol where you can do multiple,
there are multiple staking tools with multiple API,
especially using AI and our efforts.
It was a great experience in Ackerhouse Bangalore
and we came up with a second drive.
Hey, yeah, it's me, Kaushik from a team of code builders.
So our project is called REBTC.
It's basically a deep drive for Bitcoin.
Like right now, there are around 850 billion worth of BTC just sitting idle, right?
So we are tackling those problems.
Like, my user can stake BTC and earn yield,
borrow stable coins, and even they can get flash loan
with the means of insurance.
And it's also a great experience we have
around this across over five days.
Thank you all for the intro.
And in this space, we're going to go in depth with all the four winning teams.
Talk to them not just about their projects and their background, but also what the Hacker
House was like, how they got the idea for building it, if they had any interruptions
or any problems, how they fought through that adversity.
So let's first start with the first place winner.
We got Bitmax, which you just heard a little bit about it, but let me just give you a quick
Bitmax is an advanced AI-driven yield tokenization protocol built on CoreDAO, of course, designed
to maximize every part of your Bitcoin.
It blends predictive analytics, learning and risk aware optimization
bitmax empowers users to split their staked assets into the two dynamic tradable components principal tokens and yield tokens so whoever's here from the bitmax team i
think it's syrah can you break down the two principal tokens the or the two different
tradable components the principal tokens and the yield tokens because i'm definitely interested to
hear more about that and then once you break that down, maybe just share
a little bit about the process, how you came up with the idea, what it was like actually
building this out at the hacker house, everything like that.
Yeah, I would love to expand it more. So as you already briefed out,
we have developed a tokenization protocol,
which basically divides your composable tokens
The inspiration mainly came from observing
how DeFi protocols are evolving,
yet the yield mechanisms remain relatively primitive on most platforms so we sort
of utilize the core DAO's unique dual staking ecosystem combining the Satoshi's consciousness
and took it further into one more step of maximizing the user's yield so the specifics
part came when we noticed when many users were forced to unstake their position to access liquidity while sacrificing all their principal yields, future yields, right? That led us to research fixed income principles from traditional finance
and thus add up into the further categorization
While you basically keep your principal token fixed,
you keep earning more on your real tokens.
And a bit more on this AI part I would like to add on,
that is we made it such that the yield tokens
basically generates maximum yields.
And if the market is like going down or something,
we have developed a protocol,
which basically lets you take out of that.
So I would like to hand off the stage to Shomik,
who has worked on this AI part.
He can expand it further.
So I worked on the AI part of this project, Bitmax, where we are maximizing
every part of your Bitcoin.
So actually what we are doing.
So we have used multiple AI agents to work in this project.
One of them is a predictive yield model mechanism agent, which is running on an LSTM model.
So what it does is it fetches the live data of the token you're staking, right?
And it runs through the values of the live data from, uh, APIs like coinGecko and DeFi Lama.
And what it takes is it takes historical inputs, taking trends, market volatility.
And based on that, it gives the best yield rates for the next 30 days.
And also we are using another AI agent, a reinforcement learning AI agent, which
does the optimal split for the PPI and the IP.
Okay. So it goes through the life and the historical data both, and it will give you the best decision.
If the yield is high, it will favor the PT,
because PT is a fixed part.
And if it's volatile, it's going for the YT,
That's maximizing your staking efficiency.
Both the AI agents work parallel.
And apart from that, we had the third AI agent, which is actually a security feature we added.
It's a risk ever portfolio manager using the model Kelly criterion.
So using this, what we are doing is see.
So how did this idea came?
I got out of it last year and I used to take it for real, but what happened is with
the falling prices, I'm a lot of loss on that.
So that is how this whole Bitmax idea came to us.
So we added security feature in this product.
So what we did is whenever the split is in PT and YT, right?
So whenever it becomes very volatile and the price is really dropping, we have a security cap feature in our product.
Let's say you are not going to make more than 10% loss.
Whenever the loss percentage hits below that automatically the YT converts to the PT and
the value becomes fixed, thus stopping your loss there.
So that is what we're able to integrate in our application.
We'll really love to make it to mainnet so that no more people or traders or stakers make losses like we did.
All right, that's super exciting.
Yeah, I'm always looking for new ways that we can get different AI agents involved in Bitcoin DeFi.
Especially with Bitcoin staking.
So very excited to hear that.
And I just have a question.
So, no, yeah, say that first.
Maybe it'll answer my question.
So also the idea is like, see, the Bitcoin finance is a huge space for developers, right?
So that is why we really want
to make this project life and bring it to the minute for the maximum number of users we can
actually help so that is how the whole idea came and so yeah yeah dylan you can go on with the
question okay yeah no i totally agree bitcoin d5 is exploding we need all these products um so
basically you were saying one of the agents that looks at CoinGecko monitors all the different data.
And then does it put out like a put or, you know, a short like options trading?
How does it actually accrue the yield?
Is it lending it out to people?
Once it makes the decision off what the market's saying, what does it actually do?
So it will actually give you an option.
So we were talking about the reinforcement learning model based on which if the yield
is high or the yield is volatile, it will suggest you the split.
Splitting the PT and the YT is at the end the user's decision, but it will give them
Like let's say there's a liquidity pool where there is a very high yield, but it's very
So our AI agent will give that option to the user see it's high risk but you can make high profits too
but let's say the user wants to make a good profit but doesn't want to take that amount of risk so
ai agents will go through that type of liquidity pools and suggest the user that so it will just
give options but at the end the option is for the user to choose.
Yeah, that's exactly what I like to hear.
I'm tired of going around myself and looking at all these liquidity pools,
having to determine what the risk is and how much I should put in.
I want an AI agent that just tells me,
hey, you can earn this yield.
If you want simpler yields, you can come here.
That is exactly what I want.
Making it much easier for the people. Exactly. is there anything else you want to shout out maybe shout out the twitter prod of the project or
let other people know when the mainnet could be coming before we pass on to the next project
we are really working on this more because we are more on the research part, like making the AI agents more optimized, getting better values.
So, yep, I guess with the help of the core team,
and get it to mainnet as soon as possible.
Guys, make sure to follow him to stay updated
if you're interested in Bitcoin.
so let's move on to our next project.
Second place winner of the hackathon.
Hopefully I'm saying that right.
Koro Tashi offers multiple staking pools with varying APY rates and lock periods,
allowing users to tailor strategies based on risk and commitment.
Governed by the Tashi Duo algorithm ensures fair rewards,
sustainability, and transparency
through dynamic multipliers and penalties.
So whoever's here from the core Tashi team, please come on stage and break it down for us.
Explain how this is different from regular Bitcoin staking or core staking.
Explain what it was like at the Hacker House.
How did you come up with the idea?
GM, GM, hope I'm audible.
Yep, all good, I hear you.
Hope I'm audible. So it was a great experience of us building in hacker house the mentors were
really good so we came up with this idea like first of all we wanted to
build something so that people could like Core could onboard more validators in
its blockchain because we saw that we wanted to onboard more validators in the blockchain.
So then later on we thought that Bitcoin being the largest cryptocurrency doesn't provides us taking options like Ethereum or Solana. Hence we came up with this idea to build
This idea to build core Tashi with multiple staking pools and multiple APIs.
Okay, so can you break down a little bit more what this product is actually doing?
I know it offers multiple staking pools with varying rates.
So is this for core staking? Is this for dual staking?
How is it different from those? So in this, currently we are just focusing on core tokens and wrapped Bitcoin.
So it's, but later on you can like, there will be pools where you can stake multiple
tokens and you can earn multiple rewards out of it.
And we can, we are like, and we will like, we, we shift the like pool according to the liquidity
uh according to the liquidity sensors and
i think we lost you there, Mano.
Mano, can you try to come back on stage, or do we lose you for good?
You there? hello manno you there
manno all right um on to the next project hopefully we'll get meno on stage later
we'll just come back on later because i'm facing some little bit of issues uh so hold up for last
okay yeah we'll bring you back on stage later um so let's move on to the third place team
we've got clampify clampify is a meme token platform with anti-rug pull features this is something i need specifically transparent price discovery and community-driven governance
it combines predictable pricing time lock protections and real-time analytics to create
a safer more sustainable ecosystem so who do we have from the clampify team i think we got
tharu.eth up here please give us the breakdown yeah thanks
for the introduction dylan so as you see like the whole crypto and ecosystem itself uh got a bad name
uh because of the meme tokens a lot of people lost uh like even their life savings and i mean
uh pump and dump has been the only narrative the meme coins have so that is the
reason we started clampify so that campify name itself have uh like the meaning of like not getting
rugged so that's why we started this project and we have like n number of existing meme coin tokens
launch pads everywhere you see in any ecosystem you name but uh what
it uh yields out is like uh the creator's name getting through the mud uh uh getting
rugged is the like only n for any mean token you name it so that is the reason clampify
uh immersed so as you mentioned the features our major features of course not getting rugged and also
have the transparent price discovery and through a well established bonding curve uh so users
first know like tokens not gonna get drum dumped and then they're not gonna get uh uh rugged and lose all their money and the price
discoveries are basically uh using like our uh like the oracles of the users who use clampify
itself and also we have a ai agent which helps the users to navigate clampify so they know like what
uh in and out just through prompts so it is like more more of a
narrative towards intent based um in point creation and uh trading that is awesome do you
think you could cover the time lock protections a little more the anti rug pull features exactly so
uh so anti-rug pull features like we have a lot of like many other uh mechanisms but this is something
that uh made a lot of sense so uh you know like most of the meme coins or time period if you look
at it's mostly like maximum a week so it will i mean week is something like i'm even exaggerating
uh it is like maximum like one or two days even like if you take a example which is trump token
uh it just got a like a pump for like 12 hours and then got dumped so uh in order to avoid uh such
pump and dump so the time lock period is like you cannot be able to sell uh more than certain amount of tokens um by holders so that's that's the major uh turnout
for the time block so uh it uh basically reduces the trading volume itself so uh you cannot be able
to like dump in that in that way the prices won't be changed drastically
the prices won't be changed drastically gotcha okay that makes total sense i like to hear that
um and also i want to hear more about the the community driven governance so how does how does
that exactly work is it like a dow governance model what's what's that like that's what i was
i was gonna talk about next uh so the governance is what like the meme coin uh ecosystem
is driven by the creators like so this that's what like we are intended uh clampify to be
so any creator can create a token and then these holders uh and then this creator can have such
governance mechanism like uh they can create a proposal
and then holders can able to uh like vote for the proposals uh so i mean this governance mechanism
exists in like all the dives but what the governance can bring to the meme coin ecosystem is like what
uh utility this uh mean point can bring like uh where the liquidity can be used and what can be done with
like any other utility that the community proposes or the creator proposes this is something that we
want to bridge because that is something like totally missing in in terms of uh meme coins
because it have a lot of potential but there's like no governance for it it's basically like
it's basically uh a pump and dump so we if we create
such an ecosystem where the uh this governance can be introduced uh we it can have like a lot
more utilization uh rather than uh losing money so that is why we brought a governance and uh
that is why we intended that is what like we intended it to do and of course like the proposals
and everything will be there and the token creators and holders are like the the major contributors
for this proposals so if i hold uh a certain tokens i can go over and then create proposals
also i can vote for them so i can rise voice against any proposals that is that is not aligned with
the goal of the particular meme tokens okay yeah I like that a lot and um I want to hear more about
the hackathon so how would you hear about the hackathon what was it like when you were there
and how did you actually come up with this idea? Did you have this thought before the hackathon started or after?
No, we came, like, I mean, at any hacker houses, we went, like, we always think
from the idea on the, like, first day during the ideation.
So for the hackathon itself, like, hackathon, it was, like, a fantastic,
like, the fantastic experience and the vibe itself, like, it let you, like, think.
And then there there's like no
pressure on the builders and this is this is uh uh like one of a kind of hackathon and regarding the
idea uh we we are thinking like what is like the most painful thing people are going through in
web 3 and uh what painful thing we have gone through in web 3. so that's why like meme coin uh uh like came to
the idea and that's why clampify uh that's what like we started building clampify and so yeah
it's basically like a personal experience we're trying to solve so and then like a lot of people
we know like a lot of people traded uh uh that like they traded in meme coin so uh based on
their experience and uh and then even after the building and hackathon,
so this is something we really want to get it live.
And we have started conversations with people from core.
We have a couple of introductions with the business development team.
And also we started like that, revamping the hackathon code.
It's like, it's a very hackathon code. It's a very hackathon-ish code. And then now we are revamping the web app and doing everything that makes the user experience seamless and also reaching out to different communities to get the traction for application as well so so far 20 plus tokens have deployed not not we are testing it's like we went to the
users and then uh a few other communities as well and 100 plus transaction gone through
these numbers are like good to start uh just for the hackathon project but we are taking it live
and um yes um soon uh soon we are expecting it to be made all right already over 100 transactions nice
i was gonna ask about the next steps to scale but you kind of just covered right there upgrade the
ui get different communities involved i like that a lot i might have to pop in there and create a
coin and try to rug pull people to see what i could do i'm just kidding just kidding but uh
you could try but you couldn't.
Exactly. Yeah. Just to test it out. No, I'm kidding. I'm sure it works.
So I want to get, I want to talk about the struggle though. So I'm sure it wasn't all
sunshine and rainbows building this app. I want to hear about some of the problems you ran,
you ran into while building it. What was the most difficult aspect of building it? Is there
anything you would have done differently? I want to have a full honest conversation
for all those looking to build,
knowing what they might get into
and how they could overcome
the different obstacles that they will face.
Of course, like something you just mentioned,
like we can like think about one mechanism,
but people might figure out another mechanism
to like basically, you know, like scam other people.
So that is something we have gone
to like different version of this to like understand what mechanisms work best so that's
how like we finalized the uh the the locking time lock mechanisms which uh which is like
it's also like most thing but this is not something we just came out came up with on the day
one uh we tried to like few other things like uh starting uh another smart contract from like
scratch on the day three so uh those are the kind of things that we went through um basically like
uh we have gone through like a lot of iteration so that led up to what we have right now
so that led up to what we have right now uh and uh the major uh the major struggle would be around
the bonding curve and uh it's basically the tech implementation so we have a very unique bonding
curve uh that uh that we we have we mean like it's like almost not aligned with any other that
is currently existing so it's it's kind of a hybrid form of
alpha and beta bonding curve that exists with the other projects there's like this this hybrid model
that we have built is not still not exist in any other so it is a one-of-a-kind and that that so
basically those are the major struggles uh apart from that yeah it's basically sleepless nights you know like
hacker house yeah yeah no joke just staying on the grind all right well thank you so much for
breaking it down do you want to shout out a website or twitter that everyone can follow to stay
updated on the projects yeah everyone check out clampify.com i'll drop some links as well in the
chat all right great clamp everybody. Remember the name.
All right, now moving on to the fourth place project.
Sorry if you guys hear some noise out here.
There's construction going on, so I had to go outside.
But fourth place, we got ReBTC, which is a next-gen BTC5 protocol
that transforms Bitcoin into a yield-generating asset
while unlocking multiple DeFi utilities.
Users can deposit BTC, WBTC, or liquid stake tokens into the ReBTC yield vault,
where assets are automatically converted into LST BTC
and deployed across multi-layered staking, lending, and restaking strategies for maximum yield.
Okay, I'm really excited to hear about this.
So Kaushik, we got you here.
You want to give us a little in-depth intro of the project?
So our project is called our EBTC.
It's basically unlocking Bitcoin's full potential in DeFi.
Like right now, that is a massive amount of BTC, like over 850 billion or getting settled idle.
Unlike ETH, Bitcoin doesn't even have a native
staking or any real default layer so what we are building is with rebtc is a protocol
that btc holders can actually put their assets to work safely and in more at this decentralized way
so uh rebtc users like first they will they be they can stake their btc or wrapped btc
into the yield walls and earn passive income and then they can also borrow stable coins using btc
based collateral they can also use a use flash loans for trading or orbit trade of opportunities
maybe like and then and then your new piece we are adding as a
insurance layer where the insurance feature is a super important because it's at safety safety net
for users so if you are staking or lending to rebtc and something unexpected happens like a
protocol exploit or smart contract at risk our insurance pool is there to protect your funds
smart contract at risk our insurance pool is there to protect your funds we are really trying to
build a secure uh yield generating environment for bdc holders whether you are just holding and want
to earn or you are at the actively using bdc in uh defense strategies and we are building it all
on coaching which gives us more which gives us a sustainability speed and low fees and we
need to make it this work okay great so it's like a uh this yield vault you put your bitcoin in there
then you can start earning yield so the assets are automatically converted into it says lstbtc
is this like a specific liquid stakes bitcoin token your own liquid state bitcoin
token tell me more about the liquid state token yeah like for now we kept as a lsdbc but because
lsdbc is a futuristic thing of a core core uh blockchain so we we thought of we can bring the
lsdbtc into this project because right now like the plan of our core is like having the lsdbtc
with the hands of some institutions or big corporations so we can't handle lsdbtc our own
like we can't give lsdbc our own so only by them when we get lsdbtc from them like once they stake
or they can even borrow the lsdbtc by using some stable coins in our platform
borrow the LSDBTC by using some stable coins in our platform.
Okay, so you wouldn't be distributing the LSDBTC,
but you'd allow people to basically swap over to get that LSDBTC.
So they got the Bitcoin in this Yield Vault.
So then what does the Yield Vault do?
Is that spreading the Bitcoin across different Yield strategies,
or it's just allowing you to get that
LST BTC yeah let me tell about the yield generation strategies like uh so the yield generation is
some mix of proven and innovative strategy it's like uh BTC first when you use a stake the BTC
or wrap BTC into our protocol this BTC is then uh delegated to liquid staking platforms uh like many uh platform
uh platform so it earns taking rewards while sitting being usable in d5 and also with lending
pools we can also uh you can also have lending markets where users can lend their btc and earn
interest from borrowers this is especially useful for traders or uh d5 users who need liquidity but don't want to
sell their assets even the flash loan is that like we support flash loans which means user can do
capital efficient trades or arbitrage or even liquidation opportunity so we charge a small fee
on each flash loans which adds to a yield for a vaults actually so part of stake btc
also goes with the providing liquidity on core native decks that earns swap fees and for
a possible incentives depending on the pool this is how we gender key
all right yeah super interesting i definitely want to try this out. Now, I also want to hear more about the Hacker House. So what would you think? How were the vibes? How was the building? How was everybody? How was the core team? Tell me more about it because I wasn't actually there myself.
it wasn't just about acting for a price it's about building something meaningful with uh
with the small people around us even the mentors were and so on and we had instant feedback loops
so by other builders really pushed us to level up even though by winning was absolutely great but
what really stood out was community vibe that That's the main thing. Yeah.
Nice community aspect there.
And then for this ReBTC, did you have this idea before the Hacker House or did you come in with no idea and you just started talking to different people and all of the use cases
And I don't know, give me the story of how you actually came up with the idea.
So this idea really came after coming to that
cross i we didn't have this idea after like before coming to that so this came from only
two things like one we saw that bitcoin despite being the biggest asset in crypto we still
kind of sidelined in defy like and two is we are exploring code chain like which is
evm compatible and kind of perfect place for build something scalable for BTC.
So we are like, why not we bring BTC fully into DeFi?
Not just a WRAP token, but something that actually earns Lens and moves across chain too.
And then what were some of the issues you faced along the way?
I want to hear more about the struggle too, and you can tell people how you overcame them. What problems you run into? How did you fix them? Was there anything you would have done differently if you were to start over?
centralized way since bdc doesn't have buildings taking like each uh we had to pull from different
sources like liquid staking platforms a lending market or even and even a flashstone so we also
had to make sure that it's all secure and composable so we break down those into modules
so each part of the system is isolated and we we can also keep it flexible getting that architecture right took time
but once we nailed it everything else moved for sure yeah okay oh okay great great and uh i see
we got ashwin on stage here too are you also part of the rebtc team uh hi dylan so i worked on the a agent and uh as well as uh you know try to integrate the
crossing collateralization uh in the btc product and uh we faced some struggles uh when we tried to
uh you know work with crossing uh we we are figuring it we are figuring it out uh before
moving into mainnet uh but basically uh while i'm in while i'm uh you
know implementing the a agent what we try to do is uh we uh this a agent will be created by the
individual itself individual uh you know of our platform and then basically our agent will keep
track of the uh token prices uh by you know uh getting the price feeds from the fight oracle so we have integrated
fight oracle in our product so that we will keep track of the live live feed and then it will so
we will be or we will also have a historical data so basically we will make the comparison between
the cross historic data and the current price of a token.
And then based on it, user can stake their BTC
or, you know, wrapped BTC and then convert that
into a stable coin based on the current price fee.
So this will be automated by our agent.
And this can be further optimized to do cross-chain
So we have just seen now Core already have implemented, partnered with Layer 0 protocol
to do cross-chain collateralization also.
So we will further implement this when we launch into mainnet.
Okay, great, great. And when do you think that mainnet might be coming?
So we are planning to go to mainnet within maybe two to three months with code support because we
should make sure that contract is not tampered by any hackers so that we can maintain the liquidity safe for our users and
as well as when we think about crossing collateralization we i've just seen now
some token which is similar to lscbtc is available in svee as well So we can collaborate if it is possible, using cross-chain collaboration
method. So we will come up with a better architecture and we will launch within two to three months.
All right, hopefully within two to three months you guys heard the man.
And what did you think of the HackAO, Sashman? What was your experience?
What did you think of the Hackathon? What was your experience?
So we had a quite enjoyable experience in Hackathon. We had a wonderful mentor to support us.
Whenever we had a doubt, we just contacted him and get some like just implement our architecture in a better manner.
So we did that with the support of the mentor.
And as well as we have the supporting teammates in our team.
And as well as, you know, other teams as well,
who were sharing ideas about our product.
And also we gave our inputs to their product and
it was a very quite good experience in Core Hacker House. Я даю вам Thank you. . Thank you. . Thank you. . Thank you. . Thank you. . Thank you. . Thank you. . Thank you. Sorry, everyone, we were facing some technical issues, and we were clicking too hard.
Am I audible now? Thanks to all the builders, especially our Hackathon winners, all the four winners and
all the other builders building on core.
We are really grateful to all of you that you guys are choosing to build on core, building the most innovative solutions out there for moving Bitcoin beyond holding and making its utility more and more innovative.
And also, we'd like to give a huge shout out to 247PM Studio, those that partnered with us for the on-ground execution of our hacker house really appreciate their efforts and
It was a it was a great great opportunity to work and you know execute our first hacker house in India
Looking forward to many other such great events and great full of innovation and high spirits. Thank you everyone
Thanks to all the builders choosing to build on core. See you next time.
Till then, take care. Thank you.