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mtndao Demo Day
Recorded: Feb. 25, 2026 Duration: 4:43:05Space Recording
Full Transcription
Thank you. Thank you. Music Thank you. Thank you. Thank you. What's up guys?
Welcome to Moundo's first ever demo day.
I am unbelievably excited to be here.
Barrett, how are you feeling?
I couldn't be more excited about what's about to happen today.
There's a lot of really awesome teams here that have been here building for the month.
There's some really cool projects out here.
Definitely excited to share what's been going on with Mountain Dow this whole month with you guys live today.
Would you say it's been an exciting month?
I would say it's been an incredible month.
This is probably the best Mountain Dow that we've ever had.
I think from the talent that has come through, the people that are here, right?
Just the overall energy, all the super team members, Monkey Dow members, Solana people
overall, although the weather hasn't been super great from a snow standpoint, but that
has not
stopped the people out here working all day and night. I love it. I love it. Well, my name's Edgar.
This is Barrett. We're the founders of Mountain Dow. We're going to get kicked off with an
unbelievable agenda of founders that we have for you today. And we won't take too much of your time,
but throughout the day, we'll be introducing founders, telling you a little bit about Mountain
Dow lore, and just sharing what we have going on, you know, happening here at the Mountain
every year.
Okay, I guess we'll turn it over to Nick from Shark Pool.
Hey, everyone.
My name is Nick.
I am working on Shark Pool.
I am the co-founder and CEO, And we are working on an institutional staking gateway
powered by universities.
We currently have $50 million already secured in stake.
We operate 10 university validators,
and we've distributed over $70,000 to student clubs
across the country.
So the problem we're solving is that the institutions
wasn't healed.
And there are providers for staking services.
But at the same time, they do not contribute meaningfully to the ecosystem.
And all these institutions, they want to have some impact on the ecosystem
and the industry that they're trying to make money on.
And essentially, we solve that by offering competitive staking yield.
We work with reputationally provable validators.
And we're working on building the capital that supports both decentralization and academia and education in this industry.
So we chose universities across U.S. and Canada as the perfect partners to work with on this.
We work with over 20 universities already
and we operate 10 university validators.
And the reason we chose to work with them
is because a lot of the staking game is mainly just branding.
It's branding and marketing, especially on Solana.
The yields are pretty much the same across the board
and it really matters who has the credibility
and who can offer the best branding and assets
on that side of things.
So universities are really trusted globally, the credibility and who can offer the best branding and assets on that side of things.
So universities are really trusted globally.
Universities like Princeton, Emory, Columbia University are known everywhere.
They have strong long-term academic alignment with both blockchain and academia and research.
The validator set is distributed.
So we're not working with one university or two.
We're expanding as much as we can to mitigate the centralization risk
and just in general support the validator network.
And we also, because we work directly with students
who are the main talent funnel and the main, you know,
great, smart people who are going to be ruling the world soon
in terms of the legislation, business leaders, and all of those people,
they are coming out of the top universities today.
And what we've built so far over the last six years
is we've partnered with almost 30 universities by now.
We have a stake pool with 200,000 Solana
and over $50 million across all our validators.
We developed a student dashboard, which
allows students to learn and interact with the chain interactively and learn and build and be
incentivized for it. In those incentives we paid over $70,000 to student clubs,
students themselves, builders, and other projects that we've been supporting. So
we have two layers in terms of the whole info that we operate. Because you have to work with
both the institutions and the students. So we work with the institutions on the side of, they want
reliable reporting, they want compliance, they want credible yield and insurance and all these things.
And they're ready to pay setup fees and they really want to distribute their operations.
Because right now there's not that many institutionally ready staking providers.
On the student side of things, we operate the student dashboard, which is a system for
students to interact and learn.
We also have different quests and we also operate a management system where students
can view the performance of their validators and we're working on handing them off fully
to the students so they can be the actual operators in this case.
We also operate a student accelerator with the first team that's going to be presenting
later today.
We split where we help them get their traction, we help them with the connections, basically
trying to do our best to help them with whatever they need to achieve and succeed in this industry.
And our revenue model is simple.
We operate a stake pool with a commission.
We operate the validators, which earn management fees.
We have the validator income from them, from the stake pool.
Once we work with more institutions,
we can also charge them set up fees, management fees,
which are in this industry, in finance, on the yield,
especially with hedge funds, they're pretty high.
So we are very competitive inside that side of things.
And as well as that, we can have upside
on the incubated projects, and if we can help the students
build their companies and succeed,
and our ecosystem also wins from that,
that's a win for everyone.
So our goal is to expand into as much institutional capital
as we can, and we're trying to start with the endowments,
because I feel like there's a very, very strong connection
with us, universities, and the endowments,
and they would want to invest into the students
and the projects that they lead.
So once we build out all the institutional stack,
we will be working closely with the endowments.
And in general, after that, we can expand into any ETFs
or anyone who holds Solana
as a custodian. Our target is to attract 500,000 more in stake. That will allow us to be very
sustainable on the revenue side, keep supporting students and running this long term. And we are
already halfway there, So thanks for listening.
Thank you so much, Nick. I personally love the initiative.
What are your thoughts on Shark Pool and what they've
been able to accomplish so far, Edgar?
I have to tell you, Barrett, all I was thinking the entire time
Nick was talking was that we did not hype him up enough
in the introduction.
I mean, obviously, the university network in the US
and globally is massive,
right? I think it's massive on a number of fronts, not just when it comes to, you know,
stake capital that is, you know, that is there for the network. But from a talent perspective,
right, this is really where the next generation is coming from. And Shark Pool is pushing that
talent development increasingly across the United States.
So absolutely massive initiative from Nick.
Yeah, obviously, you know, here at Moundo, a little biased.
We love Nick.
He's brought a number of young people in that are in college still from around the world,
a lot of here in the U.S.
So we're definitely super excited about what he's been able to do to grow the young developer
or builder community here on
Solana and especially Amando as well. Yeah, absolutely. Speaking of community infrastructure,
I'm going to do a better job of hyping up our next team. PAC3 is a community infrastructure designed around, you know, proving out attendance, participation, and really the substance that I think makes up the communities that are incredibly and increasingly more important to us, especially in a technologically developing world.
Let's give it up for Twyla from PAC3.
Awesome.
Thank you, Edgar. Thank you, everyone. Hi, this is Twyla from Pack3. Awesome. Thank you, Edgar. Thank you, everyone.
Hi, this is Twyla from Pack3.
We're basically building
an incentivized data layer for community growth.
So as a community members of myself,
I found it's very hard for me to
identify high-signal updates because
usually it's buried underneath different noises.
And it's also very hard for me to identify,
track, and sometimes even to view the perks offered underneath different noises. It's also very hard for me to identify, track and sometimes even to view
the perks offered by different communities.
For example, MonkeyDow,
you need to hold a monkey member NFT for you to be able
to view what kind of perks they're offering.
It's even harder for me to port my contribution proof around,
and this is siloed onto different platforms so far.
For communities, it's a nightmare as well.
They usually spend high cost on different CRM systems
and it's still hard for them to identify
the high value contributors.
And there's no web-through-native workflow tools
that allow them to automate their workflows.
And given there is also no infrastructure
that supports them to create long-lasting impact,
it is hard for them to create retention as well.
Pack3 is here to bring the solution.
We are here to transform the fragmented community engagement
into actionable on-chain insights.
So you will be able to basically automate your native workflows
and reward your genuine contributors
and also to identify what drives the real growth.
So, enough to be said, let's dive into our live demo here.
So, this is what you can see here,
is basically our live website.
You can track different communities and we're live with MountainDow here,
and identify what kind of perks they're offering.
Here, we're going to go to the admin dashboard to showcase.
We're going to use Mountain Dow Ski Deposit as an example here.
So to showcase how we can automate the entire workflow.
So you can see we can also track
some key metrics for the community there as well.
We're going to create a pack.
So here you basically want to define
some meaningful information about this pack.
So we're gonna name it and skip pass for 28th of February
and the description.
And next step, we're gonna configure some requirements.
And the access rules are basically some passive detections
and we're gonna check if members host certain NFTs
or tokens or rows.
And in this case, we're going to configure
an action and it requires user deposit one USDC here.
It's going to be on chain transaction action.
Here, you can either choose protocol interaction,
which will basically detect if
the user has interacted with
certain protocols that you defined.
In this case, we want them to direct
transfer to the escrow that we set up.
We want the refund method to basically be bound
to be bounded with GPS checking,
because we only want to refund to the people
who actually show up in Snowbird.
But for the demonstrating purposes,
I will configure the location to the Mountain Down office,
because we won't be physically in Snowbird.
Here you can see it's a Mountain down office because we won't be physically and snowboard. And here you can see it's a mountain down office.
And we're gonna choose USDC as the assets
that we want the user to deposit.
And next step, we're gonna create this action
and go configure our perks.
So perk in this case, it will basically be a free ski pass.
And so it's gonna be a physical perk.
But sometimes if admin wants to create a digital perk,
for example, it can be like discount code
to another platform or invitation code
to a new beta of another platform as well.
We also allow them to upload these codes as well.
And we have a code inventory system
that help them to distribute the code as well.
And now we're creating the perk and the pack itself.
So now we finished creating the pack.
Now you can see we have one action and one per configured.
We're gonna view the public page
what members can see right now.
So here we got a nice animation
and with the pack itself being locked.
So for way to be able to unlock this pack
we need to deposit one USDC.
I'm depositing the USDC now.
And we're waiting for the transaction to complete.
And once the transaction is completed,
it will notify me the transaction is complete.
Now it's deposit.
And you can see there is a map here
that tells us the pending refund.
If we want to get our refund back,
we need to verify our attendance and this location.
Now it's checking if we're actually here
in the Mountain Down office.
And yeah, we are here.
So now we got our refund back, one USDC.
You can view our transaction on SoulScan as well
to confirm we actually got the deposit back.
And now you can see, you can also see
you get a free ski pass and snowbird.
We're going to go back to the dashboard,
and we can see the escrow manager.
You can view who has deposited get refunded as well.
Also, as a member,
you will be able to mint an NFT pack itself.
It will leave inside your wallet upon pound of mint of the pack.
And thank you.
That's pack three.
I am finding it so hard not to interrupt the presenters
because I'm so excited about so many pieces of what they're building
that five minutes of sitting here feels like forever. That is true. Especially, you know, it would have been really nice to have this
solution all those years ago when we started Mountain Dow, when we were just slinging tickets
out, praying people were going to show up to the ski resort. I definitely think this is something
that's like really cool. It's going to be increasingly more important as the world becomes more agentified to prove that, hey, I am actually in location to achieve these perks.
And it helps with some civil protection as well on that for the community side of things, which I think is incredibly important.
To be able to verify that location is truly important, I think.
Yeah, absolutely. I mean, you know, absolutely, right? All month this month of the mountain,
we've been talking about the agendic future. I think if your circle isn't discussing AI agents
at this point, I don't have the time to explain them to you. But, you know, a lot of the conversation
has been around, you know, how does the world evolve from here, right? And as more and more of our existence of our universe becomes digital,
that IRL piece becomes so much more precious. And, you know, I think what PAC three is building,
you know, is set up to become core infrastructure in creating substantive live experiences. And I
experiences and I just you know I see becoming more and more important over
just, you know, I see becoming more and more important over time.
time absolutely and on that note we are gonna introduce our next project here
hashish they are doing some proof-of-work stuff on Solana including around some
privacy as well and I think that this is something that's pretty interesting
obviously I'm a big fan of privacy both on-chain and off-chain.
So, you know, we'll turn it over to our man up here.
Is it good?
Okay.
Hi, everyone.
This is not Ashish.
This is not Ashish.
I'm Antonin, and today I will present you Ashish, it's a proof of work on Solana. So yes, I think you all know Bitcoin.
Bitcoin is a favor of the proof of work.
There is a fixed supply of 21 million, difficulty adjust every two weeks, and there is no cost for electricity
to mine every block with electricity, so it's real value.
For now, when Bitcoin is like to mine, it's like 50,000, and the actual price is 64,000.
In the past, R was a proof of work on Solana, but it did wrong in the past because they were
spamming too much the Solana network, too much frequency, and it broke totally Solana. They
stopped the mining and in season two, it just now proof of gambling because you bet on the grid,
and at the end you win or you lose.
Here is a recap of all the proof of work
that you can see in the future if you want.
I will not talk a little bit because I have not a lot
of time.
So Ashish, why Ashish the name?
Ashish is the basis of every proof of work.
And also it's a meme coin culture, you know,
all Bob Marley, off-snoot-dog, it's Ashish.
Strong fundamental, strong meme, take meme coin, I want to call it.
I got a privacy layer on Ashish.
I got two duck pool, it's possible to encrypt everything,
so no one can know who is mining, who is claiming,
who is relaying.
So I got two dark pools.
People are deposit sold inside it,
and they can mine with a relay with an encrypted proof.
There is no link between miner, relay, and claimer.
All is private.
And also external user can use the dark pool to use it.
Seeker is a new banana.
In Montendero, I put my Seeker on the wall,
and it was mining, mining, mining, mining.
But the banana got, it's like 6.2 million.
But my seeker is my niche, you know.
There's a little bit video of, let's go.
No, no, that's not a banana for sure. Seeker is a new GPU. Why? Because I got two different
pools on my protocol. I got one Seeker pool and I got one traditional pool. So a Seeker
can mine like a GPU, but like better also because there is only
150 seekers in the world and there is tons of
GPU in all the world. So a seeker is better than GPU on my protocol.
Two dedicated pools, two separate difficulties and also we use Solana Attestation Service to prove on-chain that we are on a seeker.
So techonomics, so we got like 1 million supply, there is no allocation team, there is a pre-mine
of 0.1% just for the LP and all will be mined.
Every block you have a fees, a sole fees. It will be used to buy back hashish.
We will burn a little part of it and we will also provide liquidity.
Every block there is a decrease of reward. Fees is increasing every two years.
So there is scarcity on Ashish.
Sorry for my English.
So, what's next?
Now we are live on DevNet.
We got two old miners you can have.
Encrypted miners, decrypted miners,
seeker miners, privacy layer,
two pools, traditional and and the secure one.
You can mine also with GPU, ASICs, and everything.
In the building, I'm doing the fee automation for the buy-back burn and providing LP, smart
contract audit, and for the future, I want to put it on my net, renounce all the authority
to don't have touch on it.
And in the future, I want also to integrate
an Unmesh to mine offline blocks.
I don't know if there is a block at the moment.
But thank you for all.
This is Ashish.
Mine for the culture in the future.
All right.
You know, as the world becomes more and more on chain,
and I think a lot of these, you know, L1s
have moved kind of off of proof of work
for the most part, right?
How do you, like, look at proof of work, you know,
coexisting, you know, either as an L1
or as a protocol on top of another L1, right?
Yeah, I mean, it's interesting, right?
I think what stands out to me is that Solana over the years
has become this more general purpose infrastructure, right?
The beginning of Solana was focused on something that was performant,
that was sustainable from an economics perspective,
right? And I think we're seeing that that is, you know, becoming really multidimensional.
I realized, you know, while we were listening about Seeger's tape to the walls of the Mountain
Dow office mining, that we never introduced the section of the day that we're in.
So Mountain Dow Demo Day has three categories of teams today.
We are in the infrastructure and protocol section.
That's part one for us.
And what's been really cool about the three presenters that we've had so far is they've each had a different dimension of infrastructure
that they're building on Solana, right? that we've had so far is they've each had a different dimension of infrastructure that
they're building on Solana, right?
What a perfect way to showcase the general purpose infrastructure layer that Solana itself
has become.
Absolutely.
Yeah, I think, you know, Proof of Work will be around for a long time.
I think people look at it as a way to also map to energy markets, which I think is really
cool.
But yeah, let's kick it over to our next presenter, Anon Mesh. is a way to also map to energy markets, which I think is really cool.
But yeah, let's kick it over to our next presenter, Anon Mesh,
working on some pretty cool privacy stuff.
I think that that has become a really hot topic here over the last six-plus-ish months,
and definitely excited to see more privacy-focused projects come out on Solana.
I think that they exist on some other networks, right?
But having some native stuff on top of Solana, I think, really elevates the DeFi ecosystem and building on top of these protocols, right?
So, Anand Mesh, take it away.
All right.
Hi, everyone.
My name is Jason, and I'm glad to introduce you to Aidan Mesh. But before
getting started, I want to ask you one particular question. What do you think all those images
have in common? So, for the reference, we got the Nepalese war, the Arabic spring, and
EU chat control. And the answer is pretty straightforward.
Internet shortage and censorship on times of conflict.
But you could imagine a way to go around those type of issues,
such as not being able to have access to your assets,
not having access to messaging, not being able to connect with people.
It's pretty much getting landlocked where you cannot do that much,
but there might be a way, might be a good solution to that.
Let's imagine a fully decentralized, confidential solution
that lets you both do confidential transactions on top of Solana without the need of internet,
including messaging on top of that.
That's literally what we're bringing today at Montaindao.
A solution as a mobile app lets you have your phone
to become what we call a node that will let you,
utilizing both BLE and LoRa, to have access to
your assets on Solana and also be able to communicate with your loved ones, your family,
and friends without the need of internet in a fully confidential way.
This is a cool tweet from Mertz saying, quote-unquote, man, signal is so ass.
And basically, what he's trying to bring through this tweet is basically most of those messaging apps,
they're pretty much having those servers, having all those metadata, and pretty much personal information about you,
your messages, it could be your bank details,
it could be anything that is related to a person.
So basically, it was trying to push forward
to have things that would be done without central servers
and in a fully paired to be a way.
And also, it might get us some fundings
if we actually need it out,
so shout-out to Mert on that one.
When it comes to the combative landscape,
it's pretty straightforward once again.
We got AnonMesh, BitChats,
so Jack Storce's project,
BLE, communication,
without the need of internet too,
and Signal.
Basically, AnonMesh is just taking everything,
encrypted, offline, and you're also able to do payment
of the post-solana without the need of internet
in a fully off-grid way.
But how does it work exactly?
Once again, pretty simple.
Proof of relay, you send a message or a transaction,
you pass it over Bluetooth and LoRa,
which is device to device, and also utilizing
those type of device right here, this is a mesh-tastic
LoRa node that connects to everyone, there's like
336 nodes around Utah right now, set it up.
And you bind to pecons, the pecons are the connected
user within the network, they are the one receiving
all those transactions that have been serialized,
utilizing durable announce accounts, send it over to them,
and then they will just settle those transactions later on the blockchain.
And then you receive back a confirmation directly on the device,
which means you still don't need internet to receive a confirmation about your TXs and Solana having to do swaps
or even just sending some USDC to your daughter
because she doesn't have money to pay your taxi.
When it comes to the traction, we've been going,
doing like for two months growing your stats so far.
So X is pretty much okay.
We got 1.2K followers so far, so X is pretty much okay. We got 1.2K followers so far, 763 on the wait list,
and we reached more than 345K impressions so far
across all the social medias.
We got some achievements through some hackathon
participations we got recently.
So we got the Solana through some hackathon participations we got recently.
So we got the Solana Privacy hackathon,
Mertz, Xypherpunks hackathon,
and also a sidetrack on the Colosseum from college.xyz,
which is worth more than 25K of USD in cash price and auto.
When it comes to the market sizing,
it's a tremendous market. It's a huge one. Basically, when it comes to the market sizing, it's a tremendous market.
It's a huge one.
Basically, when it comes to the projected market by 2013,
it's about to be $129 billion USD.
Digitally reachable emerging markets,
it's about to be $114 billion,
but with simply 2% market penetration,
that's there represent $2.28 billion.
The source had literally bottom, on the bottom.
When it comes to the business model, pretty simple too.
2% on all successful posted TXs,
30% of ref share directly to the beacons and the reliers.
We're also leveraging having white labeled mesh testing nodes with an unmesh custom
firmware which makes them cross compatible with both bit chats and also mesh testing
within the app which is pretty nice when it comes to communication and everything and
also referral fees on key integration partners.
When it comes to the roadmap, also pretty simple, MVP.
The MVP is already live pretty much on DevNet right now.
We push it on social media,
so people are free to test it out for themselves.
So basically, we'll just be shipping on Seeker first,
and then other app stores.
Then distribution would be based on strategic partnership
that we are having right now with RPC providers
and off-grid community, and also Arkem,
that is helping us having to leverage,
having all the transaction to be settled
in a confidential way on top of Solana.
And then incentives when it comes to rebating some of the
the revenue we got from the protocol and send it back to the release and the beacons for eating
blank spots which means let's say for example you're in a place where there's no coverage of
unmesh or even mesh tastic or whatsoever will be able to give you some rewards out of
literally just covering this part of the world
that is not reachable yet. When it comes to the team, we got Sean and myself, Jason. We are coming
from, by myself, a FinTech background and a Telco background. Sean is pretty much crypto-native.
We're both technical. So we're making a pretty good team, to be fair. We're working in a way where I couldn't
imagine it would work actually at first.
But shout out to Sean on that one.
And yeah, we've done multiple ventures back in the days.
I used to be working on FinTech called Embongo that was made
towards the sub-Saharan African markets,
leveraging USDC and mobile money.
And that's it.
Thanks for listening to me on that one.
And feel free to join the waitlist and join us on tour.
You know, I think we're big skiers here at Mountain Doe.
And, you know, you got into the mountains,
communication becomes interesting, right?
Staying in touch becomes so important.
And every time I'm out there, I think about how, you know,
how privileged I am to be worried about communication when I'm skiing, not when, you know,
I'm walking around the city at my job,
trying to keep in touch with my family my loved ones when communication breaks down in real life situations it's a whole different story it's
a whole different level of seriousness so I personally think that the kind of technology
that AnonMesh is building I mean unbelievably critical to human existence yeah I couldn't
agree more especially in you know places as we places as we watch signal jamming for kind of cutting out
the internet and other communications
for civilians or military.
I think technology like this really
starts to play an important role.
I think being able to communicate with your loved ones,
being able to transfer that money in an offline way, right?
People are still going to need to pay for goods,
and this allows for people in impacted areas
to still utilize and reach their bank accounts
if they don't have cash,
especially as the world becomes more crypto-focused, right?
Absolutely.
Speaking of the infrastructure that keeps us going,
let's turn it over to HackHack. Thanks. Hello. Can you hear me?
We got you. You're live. All right. You got me. HackHack. Yeah. First of all, let me just kick off with the team. It's me. I'm Robert Robbery,
founder of Accretion. I've been doing Solana audits for almost four years. And Henry, who
is a very great Solana developer and happens to be a deep learning PhD, we decided to team up and build something that will change the auditing landscape.
First of all, a lot of products, I guess a lot of products that are launching today here
at this hackathon face a massive hurdle, and that's getting an audit.
Because audits are extremely expensive, and also they take a long time.
Not only the audit itself, but just the waiting time.
It's pretty normal to just wait a whole month or two or whatever to get even a slot for
an audit.
And then for the audit to complete, it's going to take another couple of weeks. So if you don't even know if your product is going to have product
market fit, it's kind of a big expense and a big risk to spend all your money on an audit
and then deploy the program and then you're not even sure if it's going to work out. Maybe
you have to rewrite the whole thing and then you're going to need a new audit. It's not
a great situation right now. Meanwhile, AI is getting pretty good at pattern matching, finding patterns, drafting findings
and drafting fixes and all these kind of stuff. However, AI by itself isn't equal to an audit,
at least yet. So what we've built is like an agent. We call it the hack hack agent.
It's a Solana first auditing agent.
And what it does, you give it a repo, it finds a bunch of issues and it validates those issues.
It preps like a repository to work with a human auditor.
And a human auditor will go and give their own input.
And together you get a massive speed bump and coverage bump
for your audits.
And the audit workflow, basically, you give your GitHub repository, the AI preps the audit,
it finds bugs, it pre-validates audits, and the human auditor will also validate and the
idea is that the human auditor will also deep dive and try to find additional issues
to the AI auditor and prove their worth.
And with this system, we believe we can deliver
an audit report to you in 72 hours compared to like two weeks
plus month long waiting time of traditional audits.
So this lower waiting time plus the AI assistance makes it not only much quicker, but it also
makes it much more cost efficient.
So it's just going to be much cheaper for you.
So here's what we got so far.
You have a website.
You can put your repository in there.
And then you just configure the audit. Configuring means you just pick out the branch and the commit that you want to
audit. You need to upload your compiled SO file for our testing. And you send it off.
Our auditing agent will audit. And then our auditing agent will talk to the human auditor, give them
the pre-made homework, the half-done homework. The traditional auditor will finish the homework,
and we will have an audit report at the end, just as you know it from traditional audits. And that's it already.
And if you want to try it out, go to hackhack.ai.
The beta code to access the tool is hackhackme.
We will pair you with a human auditor.
The report you will get in 72 hours after payment instead of two weeks.
And also follow us on Twitter.
Also follow us on Twitter and that's it.
And that's it.
Hackhack.
HackHack.
Hack.
You're about to get a lot of applications for this.
I can tell you that right now.
Especially as I just got a quote for an audit on one of the smart contracts Ranger has been developing for $200,000.
And we, you know, it'll take a long time for that to even complete.
So I also was one of the early beta testers of HackHack,
which was really cool.
So I got to see it in action here at MountainDAO,
and it found some pretty cool stuff for just being an AI agent.
I think that this is definitely part of the future.
I think these auditors will be able to leverage these tools
to build better tooling for themselves,
to help improve efficiency of audits.
Right. As well as bringing that cost down. Right. Because, I mean, as Rob said, right, that, you know, two hundred thousand dollars is a lot for somebody who's trying to find product market fit. Right. When you think about agentic audit software like this. Right.
Are you doing how do you think about it from Rangers perspective?
Are you auditing kind of periodically? Are you thinking, how do you think about it from Ranger's perspective? Are you
auditing kind of periodically? Are you thinking about integrating this type of stuff into your CI?
What's kind of your view there? Yeah, I mean, the way that I would look at it is, you know,
first of all, like, you're going to get your very first, like, blank audit, right? And then after
that, these types of tools can be really helpful on every, bump to, hey, put it in your CI, CD,
it's running in your GitHub, and it can tell you, hey, these are potential issues. So it's obviously
not there yet, but that's definitely how I see a lot of this going, is being able to utilize this
in your traditional development pipelines, right? Absolutely.
And I mean, it speeds up velocity of development across the whole ecosystem, right?
Not only is it secure, I mean, how much have we seen, you know, hey, this project got audited,
but it turns out that it was audited a year ago or a year and a half ago.
New features were introduced.
They were unaudited.
They got exploited. Now we're talking
comfort from the development team side, right, that they have continuous oversight on the security
front, which I just think is absolutely enormous. Yeah, that, I also like how, you know, he's honest
that there still needs to be a human in the loop, right? You know, this stuff is still super early,
but I think it's very promising, right? Like, think there's been a lot of agentic work going on
at MountainDAO, so it's been really cool to be
kind of on like the bleeding edge of what people
are really utilizing a lot of agents and AI for.
And I think that this is, I actually made a tweet about it
like during MountainDAO that, or maybe like right before
it started that these AI red teams, right?
Agentic red teaming is going to just be so beneficial for, you know, the DeFi ecosystem
in the crypto space at large to be able to have more constant monitoring at a much higher level.
And it's only going to get better, right?
The more examples that these guys get, the better the tooling will become.
And eventually, you'll probably be able to even take a human out of the loop, right?
Yep.
Yep.
Yeah.
And looking at it from the startup perspective, one of the things I love that we're seeing
AI kind of enable, I think of it as vertical AI, right?
AI-powered startups that are doing the same thing that they would be doing pre-AI,
but now powered by AI that allows them to really, I mean, provide the same services that, you know,
they've always wanted to way more efficiently, right?
We're seeing these teams be much smaller, produce much more, and take on more customers. So hopefully all of that inbound that HackHack is about to get from that demo is easy for them to handle.
All of that inbound that HackHack is about to get from that demo is easy for them to handle.
And speaking of AI, our next man up, Living IP, has been developing some pretty cool stuff with agents.
I've been chatting with him over multiple years now, but really this project I think has come to life.
It's been pretty cool to watch him on our journey through MountainDAO over the number of versions.
So very excited to see this next piece.
Hey, guys. I'm Metaversal. I'm the founder of Living IP, and we're building intelligence.
We're allowing you to own the intelligence that you help build.
Intelligence is exploding. Wisdom isn't.
AI is solving previously unsolved math problems.
It's writing the majority of code at Anthropic, at Google, at YC startups. Intelligence is exploding, wisdom isn't. AI is solving previously unsolved math problems.
It's writing the majority of code at Anthropic, at Google, at YC startups, and the cost of
inference is dropping by 10 to 50x every year.
But all of that intelligence stays siloed.
None of us get the credit.
None of us get any say in what AI becomes.
Intelligence is exploding.
Wisdom isn't.
Every conversation you have with ChatGPT feeds their next model.
OpenAI, Anthropic, and XAI are collectively worth $1.5 trillion.
As built on your data, you get no credit, no compensation, and no way in.
Anthropic settled a $1.5 billion training lawsuit on pirated books.
Reddit charges $70 million a year for content that users created for free.
You build the intelligence, but they capture the value.
But what if AI got smarter from its community,
and the community owned and controlled what they built?
That's collective AI.
You share your expertise, the agent evaluates it,
integrates it, and credits you on chain.
The AI gets sharper and you get ownership.
Not bigger models, not more data,
a different relationship between humans and AI.
Navigating the next decade requires collective coordination.
AI, energy, internet finance, health, space, and climate.
The hardest problems of the next decade
are interdisciplinary,
and all of these industries will be disrupted by AI.
That presents an opportunity for us builders
and also for investors.
But no single AI can hold the full picture.
You need to aggregate the intelligence of experts.
You need specialized intelligence for every domain that's connected.
That's what we're building.
We're building one collective agent for every industry that matters to a good human future.
We're starting with seven key industries, media and entertainment,
internet finance, decision markets, and ownership coins,
eventually space exploration and development, AI, health and wellness,
robotics and manufacturing, and Web3.
And these agents will grow over time, learn from their contributors, and distribute ownerships of themselves.
Tully had a vision for Solana of a single global state machine that synchronizes around the world at the speed of light.
But what if the global state machine could also become a global brain,
a collective knowledge and intelligence substrate
owned by its contributors?
That's what we're building at Living IP.
Now let me show you what it looks like.
So, one of the big problems in internet finance is that there's lots of opinions,
lots of ideas on whether buyback should be allowed, when we think companies should be
able to be liquidated, whether communities should be able to make proposals for companies,
what level of autonomy founders should have.
But all of this is people posting ideas, and none of it gets synthesized into a common
framework that allows us to aggregate and improve knowledge over time.
That's what these AI agents help do.
They can, like this agent is basically going to
talk with community members,
figure out how they feel about buybacks,
draft proposals for Futarki, and build its knowledge
and give credit to all of us
for contributing that information.
You can, it can search its knowledge base,
it has user memories.
The knowledge base is a wiki-like structure.
So you can see all of the past changes to the documents
and review the agent's chat system prompts.
If you don't like the way that they're behaving online,
you can suggest changes to it.
We have three agents live today, and soon
we'll have eight of these agents.
Very soon, we'll be ingesting information from Twitter.
We're just dealing with a little bug right now.
So follow our project to get updates on that
and to basically help to build Rio's vision
of how internet finance can help enable the builders
of tomorrow to leverage AI to create the next generation
of startups that will help
transform these industries. My name is Metaversal. You can follow me on Twitter and message me on
Telegram if you're interested in having a conversation about these living agents,
and I'd love to see your contributions in our knowledge base. Thank you.
Intelligence is growing, wisdom isn't.
Sounds like something my parents tell me on Christmas dinner.
I'm doing more every year.
It's just a question of whether anything I'm doing is valuable.
What did you think, Barrett?
I mean, I think that this is something that's pretty interesting.
Obviously, us at Mountain Dow have been big on the MetaDAO side of Futarki.
I think that generally speaking,
Futarki is relatively complex to understand
for a lot of people.
I think more people are looking towards,
you know, agents and AI
to help them distill information, right?
And so enabling a community or a project or a company, right,
to distill this information from a number of different sources
and help, you know, translate kind of more complex mechanisms
to more individuals, I think,
enabling that intellectual sharing of these ideas is really important.
And I think will provide a lot of benefit, especially as, and even to agents, right?
As agents want to learn about things, right?
Having another agent to talk to that can rapidly go through communication iteration is, I think, going to be something that is incredibly sought after here
in the, you know, the upcoming, you know, year to, you know, the rest of the rest of the future,
right? Yeah, absolutely. Absolutely. And, you know, another great, I think, representation of the
multidimensionality that is becoming Solana's infrastructure, right? All of the different
things that are being built on top of this blockchain.
Speaking of multidimensionality,
our next presenter,
I want to call this out because I was so impressed,
is a last minute addition to our schedule today.
But on the application,
on the demo day application,
instead of submitting a deck,
built an entire website to pitch us. And I thought it was such a perfect representation of
the velocity, the polish and the quality of, you know, of assets and deliverables that you can
build today. Everything is becoming, you know, high quality, everything is becoming interactive. And I think, you know,
I think, I think we're going to see AI kind of push even, even more in terms of product quality.
So I'm, I'm super excited to hear this one. Yeah, me too. And, and to, to, to add onto that,
I think when we, we looked at the app, right. And we saw his deck, AKA this like app, right.
This website, I was like, I don't think I would ever build,
I would never put a pitch deck together again.
I would personally have a website like this.
You can do so much more.
It's so much more compelling.
It's different.
And that was something that, again,
why we chose to bring up Uproc.
That's awesome to hear that.
That's right, man. Thank you so much. Good morning, everybody.
So yeah, um, do you see the screen yet?
Okay. So Vibe Research changes everything.
You know, humans thrive on stories. It's how we make sense of the world.
You know, um, we look for patterns, name threats, look for paths, make decisions.
In fact, a lot of our tools we build are to help fulfill this human need,
and Google's search engine is all about plugging into this need to actually make sense of the
world and the chaos of the web so we can make actual decisions. The funny thing about Google
is they present links to you, and we were the agents. We were the mechanical Turk doing the
work. So we were clicking the links, we were sharing the links, we were reading the pages,
we were doing the summaries, and that worked for a while. But now with the AI agents coming online, that's chaos.
It's impossible to keep up.
So we're in a constellation of signals of YouTube and podcasts.
We spend hours a day just trying to do vibe research, just trying to keep up.
And so today the link is no longer good enough.
Even the first 10 pages of the Google search is no longer good enough.
We all know this.
This is why we have 50 tabs open.
This is why we use multiple chat rooms. This is why we use multiple chat rooms.
This is why we have multiple agents.
And so we're building an insight stack that understands this is how the world is today,
how you do VIBE research.
We can codify it, upgrade it.
And an insight stack turns prompts into living intelligence that's real-time, recurrent,
remixable, primitive for the AI-human collaboration that's coming.
So it is actually a website, so I can just scroll it.
So Uproc is community powered.
People earn rewards sharing their unused bandwidth or their internet on mobile devices.
They're also playing games and surveys.
And this is what gives us infrastructure that nobody else has.
So you have three million devices worldwide.
Last year we had a record of 27,000 installs last week.
And so quick on the team, the most relevant for today were serial entrepreneurs.
Our last company was called Tenta Crypto Browser.
It was a built-in VPN.
So we have intimate knowledge of how to unblock the internet and how hard that actually is.
And so when you're building a browser to the future, you're thinking about AI, you're thinking
about crypto, how to build a better internet.
And we realize this agent swarm is coming.
A VPN network, a proxy network is not good enough.
You want to democratize access to software, but also to intelligence.
And you're going to need to have a distributed network, a web3 community,
to actually unblock the internet for you.
So what a beautiful example of deepening AI.
So I really think, mark my words, 2026 is AI deepening.
All right, so Vibe coding is awesome.
We all do it.
But try actually adding Vibe research or data to Lovable or Cursor or your Cloud app, right?
If you say, hey, especially monitor my competitors or pressing or trends or complaints or social media,
all those things, and especially do it on a time basis, do it recurring, say daily, weekly, or monthly, it will break.
You'll hit a data brick wall pretty quickly, and the magic vibe coding fades pretty fast because the underlying foundation is not changing.
Maybe the UI changes, maybe it's human language, but still it's using a search engine designed
for human eyes.
So what search engines do?
They do one-off searches, one tap, one prompt.
What an agent can do is work for you while you're sleeping, continually searching, do
the vibe research that you wish you could do while you're sleeping and save you time
and money.
It's not durable memory, so when you close the chat app, it's like a genius
goldfish, right? It just loses context every single time it works for you. And then this is probably
the most relatable thing. It's non-remixable workflow. So how many people have had the amazing
experience where you're just vibing with ChatGPT or Claude, you're doing crawls, you're getting a
lot of research. It's like it gets you. It's like your business partner and your girlfriend, your
boyfriend, your family all in one.
It's awesome.
Then you want to transfer that maybe to make an app or another kind of interface.
How do you actually take all that context and data you just created together with your
agent and transfer it to Gemini?
Maybe you don't like the output there.
Maybe you want to bring it to Lovable.
That is actually impossible to do unless you're super tech savvy.
Even then, it's a pain in the ass.
So intelligence does not compound.
It just lives in a silo.
And that's a shame because the amazing thing about AI, it's an amazing remix engine.
So what you have to build are new primitives that actually take advantage of this.
So we built a new primitive called the insight stack.
Because the era of humans clicking one link at a time is over.
Now it's the era of human AI collaboration on reasoning over shared intelligence.
So we take that vibe research that we're all doing,
we break that down into a context graph,
so you know, hey, here are the signals that you need,
here's the data points you need.
We can actually understand the knowledge problem,
break it down, and then from there,
an execution graph is kind of the operations.
How do we get that data?
Crawlers network, what tools do we need
to get the data that you and you need
to feel confident to make a decision?
And then finally, the living payload.
So this is the beauty of the insight stack.
Most crawlers, about 2,000 scrapers on GitHub.
What you're paying for is a dump of markdown files or CSV files.
That's not what you actually want.
You just want to be able to actually make decisions right away.
So we have a link that you just shared that.
And that's auto recurring and continuously improving.
And you just drop it into any vibe coding tool.
And now you can hydrate it real time recurring continuous updates on data.
So this is how it works.
Describe what you want.
Pretty familiar to most vibe coding tools.
We create the graphs.
We have the deep end network executed on a time schedule by default.
So you have intelligence.compounds and then one link, all of a sudden your vibe coding
tools become infinitely more fun and infinitely more useful.
So I want to just go through, since I don't have too much time left,
I think try our tools out today, uprock.ai.
Turns out if you take this insight engine, just apply it to one domain name,
which is also a stack of URLs, you make the most beautiful optimized AI sitemap for just your site.
Whether you have 10 pages or 1,000 pages, one prompt can make an insight stack, and AI loves this.
Don't take my word for it. Create it, add the link to your can make an insight stack and AI loves this. Don't
take my word for it. Create it. Add the link to your website. Ask any AI to call your site.
They will find it and they will love it. They will know your site instantly. Let me go back
to here. So for today, APIs are ready for MCP. So build with us. Uprock.ai. If you add
the promo code, MountainDial2026, you get another 5,000 credits for which expire at the end
of the month.
And we're all X42 enabled.
So if you're building the agent economy, I'd love to talk to you.
We also have an open claw tool.
So you can have your open claw join the network via D-PIN node, have it earn its keep, earn
tokens, and then use those tokens for AI credits.
So I'll leave you a last question.
What insight stack would you build today?
Thanks.
Yeah, I mean, I think it's been pretty cool
to watch all of the people pushing on agentic research,
agentic development, agentic red teaming, right?
I think that the X402 MCP stack for enabling agents,
intercommunication between one another,
I think he hit on a number of great points.
Humans click a link at a time and we look at it
and we process it really slow.
Agents can rip through hundreds and thousands of links
and culminate data so much faster, right?
Obviously, you're doing a lot of stuff in AI and agentic workflows, right?
How do you see this really being able to impact people like yourself or people who are building
stuff with AI and the interconnectivity between them?
I mean, so much to say here, right?
I think one of my many things I love about Uproxx presentation
is that it really starts, you start seeing the agent as the atomic unit, right? The inside stack
making not just knowledge transferability easier, but really atomicizing that knowledge and making
that piece movable, generalizable, right? I mean, this is true
entities coming online, right? Not to mention, we've got the consumer payments, consumer and
payments section of Demo Day later on. So I don't want to talk too much about X402 now, but I think
we're starting to see these agents be able to earn, be able to spend online. I mean, these are increasingly valuable participants of our society.
I think it's unbelievable.
Absolutely.
And kind of going a little different direction, I think we've had a lot of AI here.
So definitely excited to see some of these new infrastructure pieces coming on on Solana,
you know, in DeFi, right? Our guys at DASMAC are building a new order book here on Solana.
Very excited, very optimized. As a big DeFi person myself, I'm pretty excited about this project.
And I've known the team for a long time. They were here early, early in Mountain Dallas life cycle.
So super glad to have them back.
DASMAC.
DASMAC.
Good deal.
All right, cool.
Hey, everybody.
I'm Alex Kahn, founder and CEO of Distributed Atomic State
Machine Algorithms Corporation.
You can call us DASMAC.
I got another member of the team with me here today.
This is Matt.
MATTHEW MCKONNELLOVICS- Hey, guys.
We're going to talk to you guys about fully on-chain order
books and assembly-level optimizations on Solana.
I've been an order book guy for about four or five years now,
ever since Serum, an early primitive order book on Solana.
Back then, Solana didn't have dynamic memory allocation,
so I ended up building a fully on-chain order book
on a different blockchain.
That's where I met Matt.
And since then, we've built a couple different trading systems together.
We're here today because we believe that conventional wisdom is wrong,
when it states that on-chain order books can't be executed while on Solana,
that they're too expensive.
As a result, people have built prop AMMs, which have done a good job of optimizing maker updates,
meaning that market makers can post price updates inexpensively.
However, we believe there's a lot of efficiency
left on the table with order books, in particular using some of the latest programming techniques,
especially custom ones that we've developed in-house at DASMAC. Order books are the pillar
of finance. Hyperliquid has shown beyond a reasonable doubt that they can be done well
on blockchain, but no one has pushed them to their limits on Solana yet. We're here
to change that. We're here to build on-chain NASDAQ. We're here to build the price discovery engine that the blockchain was invented to be. We're here to build an
environment where anyone can quote permissionlessly under the same unified data model,
where takes can match as inexpensively as possible, leading to tighter spreads,
and where market makers don't have to post their proprietary quoting logic on-chain,
even if it is closed source. We're here to build NASDAQ for blockchain, finally done right.
Starting with Dropset, a fully on-chain order book that it is closed source. We're going to build NASDAQ for blockchain, finally done right. Starting with Dropset, a fully on-chain order book
that we've architected.
Today we want to show you guys the alpha build,
so I'll hand it over to Matt.
Hey, guys.
So I'm running a Solana test validator here,
and on this local network I have a market-making bot
that's using the Dropset program to make a Euro-USD pair.
Basically, it's pulling an Oanda price feed endpoint, and every time it gets a new price, that's using the drop set program to make a Euro-USD pair.
Basically, it's pulling an Oanda price feed endpoint,
and every time it gets a new price,
it updates its orders, it recalculates the spreads
based on the Avaianata-Stojkov model.
So this instruction that it's using here is batch replace.
This is a really fundamental operation for market makers.
So let's benchmark this, and I'll show you guys
what the average CU cost for this kind of instruction is.
So you can see here that for a single instruction,
10 places as in 10 new orders,
we're getting 411 average CUs.
For cancels, it's 199, and then when you have 10 places
and then 10 cancels, or the opposite order,
so when you're replacing orders, it's 477 on average,
which is about 240 CUs on average per order.
These benchmarks are all available on our open source replay.
You can see them on GitHub.
We also benchmark Dropset Alpha versus Manifest and Phoenix Legacy,
where we're about 20% CUs across the board.
This is using the latest high-performance Rust programming frameworks,
notably Pinocchio from Anza.
However, we can do better.
We can do a lot better.
We've been pioneering a DASMAC novel SBPF assembly
programming techniques.
And because we want to share the knowledge with all of you,
we've created opcodes.dasmac.com, which the screen here
might not like as much as it did when we weren't plugged in.
One moment.
Well, anyways, you can go to opcodes.desmac.com. You can follow on the quick start. You can start programming SBPF assembly on your machine. We've got a host of examples in order of increasing
complexity. By the end, you'll be doing CPIs fully in assembly. You'll be benchmarking Rust
versus assembly, and you'll understand why assembly is so much more efficient.
And this past week at Mountain Dell,
I've been working on the forthcoming example
to this line of code guide.
This is a red-black binary search tree.
It's a foundational data structure
in modern database systems.
It also forms the backbone of drop set beta,
which I'll be getting into shortly.
So we've been benchmarking it at around 50 CUs per insert
on average, depending on the test case.
And so I've also been along the way sharing SBPF assembly
pro tips on X.
And someone special noticed, you probably won't see this
if you couldn't see opcodes.desk.
But anyways, someone we all know and love quote tweeted it.
More nerd sniping to come.
So why are we here programming order books in assembly?
We're here because we believe there is a bytecode optimal way
to connect any buyer with any seller
using this line of blockchain.
That it can be done, but it has to be done efficiently,
and that to bring the world of mathematical perfection
into the world of the real, we have to be pragmatic
and we have to use the tools at our disposal,
which today includes programming in SBPF assembly.
So next for us includes taking the innards of Dropset Alpha,
replacing them with a full beta build,
which includes an order book assembly implementation,
combining this with the latest consensus updates
to the Solana stack and the latest SIMDs,
which drives CUs as close to zero as we can get.
We can forecast over 500,000 quotes per second
at Alpengl numbers using CUs that we can benchmark internally.
So starting with our SBPF assembly expertise,
we create a liquidity environment
where market makers who've been frozen out
of the prop AMM economy can quote
in a general purpose way that they've come to know and love,
but which they haven't been able to expect
on Solana recently.
Volume compounds into a global sediment layer
until we can trade any asset under the sun
on chain at scale, whether it's crypto native, tokenized equities, forex via stable coins, real estate, you name it.
This is the internet capital markets roadmap finally realized. But in order to do it,
we need to program things as efficiently as possible, which is why we're doing it in assembly.
Thanks for your time. Come find us afterwards. Let's chat opcodes.
Well, I absolutely love this.
As you know, my favorite book is The Order Book.
It has been in your Twitter bio for years.
I was about to ask.
But yeah, this makes me really excited, right?
I think, you know, as somebody who loves DeFi,
who has built Perp DeX uh defy applications uh i think that getting a competitive dex infrastructure to
hyperliquid is crucial to solana success right um and you know what these guys are working at
dasmac i mean 50 cu optimization uh is an incredible amount of thing incredibly lean for
those for those less familiar with cUs, 50 CUs is fast.
Yeah, especially for inserts, right?
I think a lot of these Prop AMMs, their Oracle updates are 20 CUs, right?
And that's just an Oracle update.
So being able to update your actual order, I think, is pretty exciting to be able to do on an order book, right? And I think that, you know, I'm still the believer that an order book
infrastructure is where, you know, your finance will be conducted, right? Whether that is,
you know, on-chain or whether it is off-chain, obviously, you know, we're here building on
Solana, so on-chain is always better. And so definitely excited to see this one come to
fruition. And it's cool to see these guys have been building for a while. Yeah, absolutely. I mean, you know, you and I know that the DeFi landscape on Solana is incredibly
competitive from the builder side to the trader side. Everybody is pushing the boundaries of
physics. And it's, I mean, incredible to see that being built at Mountain Dow, right? Speaking of pushing DeFi, let's kick it over to Hidex.
Hi, I'm Harrison, one of Solanda's founding engineers and Mountain Dow Dance Master.
I'm here with Morgan, our lead Solanda engineer, and today we're proud to introduce to you
Hidex, which is powered by Hidex router. Hidex is an app that allows users to keep their
transaction history private without removing the convenience of using a .sole domain.
As I mentioned, our router provides a strong privacy layer by using ArcGames MPC.
Users create a vault with their regular wallet or .sole domain and incoming funds are automatically sent to their private wallet,
breaking the link between domain and personal account.
Most privacy tech fails because it relies too heavily
on users adhering to best practices.
In reality, most users don't follow best practices,
which actually exposes other users that are using it correctly,
which negatively impacts the entire anonymity set.
Through our research, we were able to easily trace
nearly 70%
of privacy cache transactions through correlation to timing
and transaction amounts.
Our product offers enforcement at the protocol level,
preventing users from impacting everyone else.
By enforcing these basic rules, we
control when transactions are processed
and how the amounts are being sent out to recipients.
We can't control how users interact with their vaults, but we enforce all internal transactions
to and from the pool. Our suite model sends transactions automatically with dynamic timing
taken care of by the protocol. Uniform transactions completely eliminate transaction fingerprinting.
We like to think of it like random bills and change going into your bank account, but only
$5 bills coming into and out of the pool.
This amount normalization that happens at the vault layer coupled with output shaping makes output amounts almost impossible to correlate.
Although it may seem like semi-random amounts and timing might appear more scattered, it makes fingerprinting and profiling much easier.
Our protocol eliminates these fingerprints by batching transactions in intervals
to normalize the event timing.
If you want to receive one soul by tomorrow at 1 p.m., you will,
but nobody, including the protocol, knows exactly when.
The router is designed to be as simple as possible.
Most protocols give users too many moving parts to manage,
such as requiring them to top up balances
or manually initiate withdrawals.
Our protocol makes it as easy as possible for users
to maintain their privacy.
Simply create a vault, set your preferences, and walk away.
In our demo, we'll walk through the core flow, which
we built for the Solana privacy hackathon.
The UI has since been simplified,
but the underlying architecture remains the same.
The user connects a wallet, either a standard address or a Solana name service domain, and
the app resolves ownership to initialize a vault tied to that identity.
What previously required several inputs and confusing privacy configuration has now been
streamlined into a single, simplified flow.
Users start by selecting a domain, then optionally setting addresses for automatic withdrawals.
Even when selecting minimal residence time, user privacy is still enforced and doesn't affect other users' anonymity.
User preferences are all encrypted via Archeum.
Users can set up their vault, forget, and not have to do anything else.
Here, we send some Solana to the domain we just registered,
and after our residence time elapses, our Solana is available for withdrawal.
We identified some points of friction in our hackathon submission
and designed the router to remove these points.
You can optionally deposit Solana directly to your vault
to be sent externally to anyone privately.
Finally, we transfer the domain back from the vault,
and this simplicity gives widespread appeal
to users who are unfamiliar with privacy protocols
peace of mind about preserving their own privacy.
Thanks for watching.
You can find us and other products we're building at Hidex.io and you can follow us on Hidex
underscore IO.
And you can also follow our team members here.
Thank you guys so much.
Sweet. Big DeFi guys over here, right?
You know, I think we have all, you know, since the early days of Solana,
I kind of looked at like, hey, how do you, you know, make stuff private, right?
I think, you know, a lot of people that are in Solana that have built and are building in DeFi have a pretty significant exposure from TradFi as well,
where they have a lot of these technical tools or just abilities to maintain private when they are moving money, when they are trading, right?
So they don't leak alpha, right?
And so how do you see – do you, you know, do you see this as being like really important in DeFi?
Are you, you know, more on the side of like, like you used to care and now like, hey, like, look, this is now the open finance world.
And so like you either are going to adapt or fall behind while trading in like a public manner.
You know, the thing I think is fascinating about a lot of revolutionary technology is the output of it often seems really obvious, right?
If you were to ask me, hey, Edgar, you know, do you want to publish your banking transactions to the world all the time?
I would say no, that sounds preposterous, right?
But we've been living in that world on chain. And we've been doing that. We've kind of rationalized that
mostly because of the difficulty of doing the much more intuitive thing, which is keeping our
privacy. Right. And, you know, I think we see this with communication. We see this with financial
transactions. This is not kind of a new conceptual problem. The implementation to support privacy infrastructure is incredibly complicated.
And, you know, I think it's funny that after all of that work, right, what comes out is just a
really intuitive, seemingly simple world, where I just get to keep private what, you know, I think
should have always kind of stayed private. So, I mean, for me, privacy on chain, when it comes to financial
transactions is incredibly obvious and a marvel of engineering. Awesome. All right. So, you know,
we've been talking about infrastructure on so many different dimensions today. This has been
an absolutely packed category of the day,
and it feels like we're not even close to being done with it.
So we're just going to keep going.
Next up, we've got some really interesting robustness tech
around dynamic anti-MEV, and we will hand it off to Reflow.
All right, so my name is Gage, co-founder at Reflow Technologies,
and I'm wrapping up the first section of Demo Day, so I'll make this quick. I'm here to introduce
DAM, dynamic anti-MEV, a MEV-blocking primitive that resides in the program layer.
Solana was robbed over half a billion dollars due to toxic flow in 2025. Toxic flow is profit extraction
due to information or systems edge. If you have traded on pump or axiom, you have been
a victim of MEV. Most likely sandwiching. Sandwiching occurs when a malicious validator
regards transactions for their own benefit. They inject their own front run transactions
in front of a victim and their own back run transaction after, forming a proverbial sandwich around the victim.
This directly impacts the victim's execution price and robs money from their swap.
The current solutions do not solve for MEV in the environments where MEV happens the
most.
Prop AMMs, order books, perps exchanges are not quoting or listing the freshest pump tokens.
There are anti-MEV AMMs, but they are typically using four-slot windows and virtual limit orders,
much too slow for a fast-paced environment.
You can use the MEVProtect RPC, but by time you land, price will have moved against you.
So what's the answer?
The answer is DAMM, dynamic anti-MEV, an AMM with an in-program AI model, a tiny logistic
regression model that scans an incoming
swap for signs of toxic flow.
Based on these signs, it will generate a toxicity score.
The AMM will then respond to the score and widen the fee accordingly.
This has the effect of blocking most toxic flow or heavily taxing it.
Our model is able to catch roughly 79% of toxic flow with a false positive rate of less
than 0.2%.
It was trained on over 200,000 mainnet transactions.
Toxic transactions were sourced from Gito and sandwich.me.
Benign and unknown transactions were sourced from the Jupyter, D-Flow, and Titan routers.
There are many structural differences between a MEV transaction and a user swap.
There are many structural differences between a MEV transaction and a user swap.
CU optimization, Rapsoles the basement, circular swaps, multiple DEXs with the same token in the
same transaction. These are all things a model can reliably identify on chain. No hard-coded logic,
just deterministic inference that costs 6,000 CUs. Let's jump into a demo. I'm going to switch computers for this.
There we go. So right now I'm on Solscan. I'm on the Whirlpool program by Orca. I'm going to grab a transaction and run it through DAM and see what happens.
Let's see.
So here I'm using Codex to aggregate the results.
And what we're doing now is now is running this transaction through DAM.
This is the same off-chain model as the one we're running on-chain.
It will scan the transaction and look at over 41 different data points.
It will then generate a score, either toxic, non-toxic, or false positive.
Let's hope it's not the last one.
The model says toxic.
Let's investigate. This was, in fact, a swap arbitrage between WSOL and WSOL, and our AMM caught it in real time and taxed the trade. Let me switch back.
So, what about our team?
The outcome.
So what does this mean?
For traders, minimal sandwiches and fast execution.
For LP providers, increased yield on active liquidity.
For protocols, healthier liquidity and stickier TVL.
And who are we?
We are a Solana-native team blending systems engineering, MEV experience, and machine learning.
DAM is currently in beta testing with Priority Partners.
To test out your own on-chain model, visit products.reflow.xyz.
So thank you guys for your time, and and remember this is only possible on solana
okay there is a lot to unpack there wow the the man just didn't just put the most sophisticated
machine learning model on chain ever he swapped laptops twice live on stream. I mean, this is a fearless technologist.
What do you think? Yeah, give me your thoughts.
Yeah, I mean, you know, I was up at 2 a.m. with these guys last night in the office,
talking to them about their model, and I was blown away that they were, you know,
putting a, you know, model on chain for their program to CPI into, right?
To be like, hey, is this transaction toxic or not?
Yep.
So talking with them last night, it was really cool to kind of hear what they have been building.
I think this is really interesting.
And what's cool is other teams can also benefit from what they're building, right?
Since it is a program, you can CPI into it, utilize the weights that they have put on chain, or as you saw, they allow you to put your own model on
chain. And I think that there's a lot of really cool stuff on DeFi. I actually thought the most
interesting piece was them putting a model on chain though. Yeah. Yeah. And, and lightweight
Wait on CUs, right?
on CUs, right? Again, this is usually when you're, you're looking at this kind of breakthrough,
Again, this is usually when you're looking at this kind of breakthrough,
you're seeing something that is, you know, proof of concept.
It's bloating transactions, right?
You can't do a lot with it.
This is properly integratable into production workflows today.
Incredible.
Absolutely.
Okay, and then on to our next one, Unbrowse.
These guys, this kind of goes back to some of our earlier stuff
on like the
protocol side for agentic uh web right agentic flows um so really excited what they've been you
know what they've been cooking uh with explorer 2 uh and mcps here uh you know tied to agents and
solana so unbrows take it away hello oh. Oh, it's connected. Okay, perfect.
Okay, so, yeah, so as you guys probably know, right,
if you use OpenClaw, whenever you want to get anything done,
like fetch any data, maybe if you want OpenClaw to, like,
fetch, like, let's say, Jupyter prices or something like Polymarket prices, it will do this really weird thing, right?
And it's called the browser.
It will open the browser, click through the browser like a person would,
and then basically pretend to be a person interacting with another machine.
So if you think about it this way, right?
You have a machine pretending to be a human to talk to another machine.
So at Armbrowse, we realized that this is a really, really, really stupid inefficiency,
and we could cut the costs of tokens like 90%
and increase speed of data retrieval and actions
by just skipping the browser entirely.
So what we built here is essentially two things, right?
We've built the browser for AI agents,
and when I say browser for AI agents,
I don't mean like, hey, I'm doing perplexity command.
I'm not doing Atlas.
I'm basically making a browser meant for the agent to use.
So how it basically works is there's like, well, agents can think they can't really browse
the web properly.
They look at the screens, right, like us humans do.
Website, the web is not designed for agents.
They're designed for humans.
So every website, even though we already say they don't have APIs,
like public APIs, they technically kind of do.
It's just that they're not documented.
They are just hidden behind the screens.
So for example, if you look at Twitter here,
you have like a at Twitter here,
you have like, this is a typical Twitter feed, right?
You have Sam talking, and then if an agent looks
at his screen, it sees this massive HTML blob
after it spins up a very heavy browser
and then reads 10,000 tokens.
When technically, you could just call the API,
but you can't, because the Twitter API is paid
and everything.
So what we did is that we indexed the internal APIs
of whatever websites agents need to use,
so that basically you cut costs by 90%
because it's just pure JSON, something like this over here,
where instead of looking at 10,000 tokens, it's just pure JSON, something like this over here, where instead of looking at 10,000 tokens,
it's just 1,000 tokens.
So what we have here is a browser, a search engine,
and a knowledge graph, where basically,
you drop in unbrowsed as a skill into any agent,
whether it's open cloud, whether it's cloud code,
and it just replaces the browser experience
with a skill that calls the APIs directly.
And that's it.
It's way cheaper, way faster,
and the thing about it is it's X412 enabled.
So by having X412 enabled in this system,
you get to actually provide the relevant parties
fair compensation, right?
For example, let's say I go to Twitter
and technically you'd be flooding lots of API requests
and not compensating websites if you didn't use X-PAL2,
but with our system in place, you can actually,
instead of spending token costs like 10 cents
for like a scrape, you can spend like a cent
and then give that one cent
they're ready to Twitter and give fair compensation to them.
So they can claim the fees, sort of like an LP,
and then basically run along with being okay
with having APIs be indexed.
So yeah, here are some use cases.
And yeah, there's a huge flywheel
that we're trying to turn to the mode, right?
The more agents use Umbrowse, the more APIs are discovered.
And there are more integrations that are enabled,
which means more agents will want to use Umbrowse
so we can create this massive network effect.
Yeah, so these are our stats.
And I'll do a quick live demo here.
So this is within Cloud Code. I have Umbrow quick live demo here. So this is within cloud code.
I have unbrowse loaded inside here.
I'll do something really simple, right?
Let's just try Jupyter prices.
So let's unbrowse for Jupyter price on Jupyter.ag.
So I didn't really create a custom skill for Jupyter,
but this will basically call an existing
previously indexed skill that was using
the Jupyter's internal APIs, and we want them export too.
So now it's calling APIs.
As you can see, there's no browser being open or anything.
It's just headless, purely just fetch requests.
Normally you wouldn't see this
because it's on the open claw, but this is the claw code.
It's picking the endpoint to use,
and then it's just gonna call it.
Oh, I think I...
Forget about it. I think it's loading.
Give it a while.
I didn't think I indexed this previously,
so it's actually running as it goes right now.
Right now, what you're seeing here is Jupiter's price.
It retrieved it.
Right on the spot, it was basically indexing it and then retrieving the data.
So, once XFAL2 is enabled, they can basically claim transaction costs per API call.
Yeah, and that's how we're using XFAR2 to give fair compensation for
agentic traffic.
Yeah.
Yeah, that's all it.
You know, I was chatting with these guys yesterday,
and they said,
we build a browser for an agent.
And I was like, let me see it and he
was like there's nothing to see it's not for you and I was like oh that makes a lot of sense right
uh what did you think first of all tokens are the new money and the fact that he's going to save me
10x my tokens I love that because I am abusing my plan and I'm sure Claude also would love that too because I won't burn through their new treasury.
But, yeah, so I think that this is something that's really interesting.
I think being able to couple this with X402, right, and allow agents to pay for, you know, access to these APIs only on use instead of a full subscription model, I think,
is really important. Maybe you don't need to pay for an entire month. You need to hit it
once. You need to hit it twice over a month. And being able to just in time pay for this access
and coupled with the new agentic flows and allowing these agents to kind of benefit from other agents already indexing these APIs and being that new browser layer for these agents, I think is something that's really interesting.
And we will see a lot more of everybody who's building here that is using agents, whether they're building something for other agents, whether they're building their own company,
they will be more and more integrated into systems like this in the future.
Definitely.
And I mean, it's a much cleaner, more elegant way
for agents to interact with the internet, right?
I think we're seeing that the internet
has obviously been built for humans in a lot of ways.
And now it's being built for humans and machines.
Awesome, guys.
That wraps up category one of our demo day.
That was Inferent Protocol.
We're going to take about a 30-minute break here,
and then we've got two more categories for you.
Absolutely action-packed agenda.
Appreciate you guys being here in person.
Appreciate you guys streaming in for those online.
And we will see you in a moment.
Live from Mountain Down.
Live. Thank you. This first week is absolutely insane. Everyone's chilling, everyone's working, everyone's grinding.
I'm meeting so many new faces, like people I've never seen before at any other Mountain Dow.
We're sponsoring this event because we want to connect more deeply with the different developers that are on site.
I believe that, you know, there's a break point for everyone
and there's a break point for developers
and Mountiantil is actually the place for that.
We doubled the office.
We have an extra 6,000 square feet.
It's an extension of the office that we had last year,
but it feels like a completely different office.
This is the first year that the office looks like a proper dream office.
Everyone's like having a good time.
It's not forced, it's like very organic.
11? And you're clocking at 2?
Barrett, there's been a technicality.
TJ didn't pay, he doesn't get it.
Oh, he's lost, it doesn't matter.
Whenever you've got an issue, there's always someone
you can ask for feedback.
They're all entrepreneurs, all builder-minded people.
And that's the people I want to meet,
and that's the people that are here right now.
Tons of great people, phenomenal talent,
a ton of development velocity, even with where prices are
and the best mountains in the world.
You know Mountain Dow's culture is around testing your limits, pushing your
limits and coming out of it, somebody stronger.
It counts in the office, and it counts out in the mountains.
So I think my tip is just to embrace the adrenaline, you know, see what you're made of.
Can you make it quick? The End The End The End The End
Can you make it quick?
I'm late for a partner meeting with the founder.
Shit, Alex is already here.
Alex Hayes?
Apex Protocol.
New perps platform in Solana.
You know him?
He says they're still in beta,
but open interest is up 40%.
And there's no airdrop plant.
It's all organic.
New deposits. only chart that's
up in this market and this is their current cap table outstanding token warrants and a rundown
of their preference stuff this is everything almost that's the entire on-chain transaction
history so you can check out the volumes in real.
Feels nice when someone does the research for you.
Introducing Lightspeed IR by Blockworks, your Solana starting point for on-chain data and institutional research.
That's their Discord server logs! I'm here for my third week of Mountain Down.
No, sorry, second week of Mountain Down.
Oh boy, this is my third time now.
It is my first edition in Mountain D.O.
We want to talk to builders that are building apps, products in the Salon ecosystem.
You're just able to come here and just grind.
It's just the best place to build.
What brought me here was the emotion that was amongst everybody that I knew in France.
Being in a space where there's, you know, 100, 150 other builders that are like-minded like you
and just want to build cool .
You know, it's inspiring at the end of the day.
Anytime that we've been here,
it's been incredible for the startup, for the business.
And also, we just had the best time ever,
met some really great people, made a bunch of friends.
You know, I hosted daily workshops,
got to know everyone that's building
a mobile app here pretty well.
Got to see a lot of their apps, give them feedback, have them pitched ideas. And yeah, I think people here are really,
really open to like talking and discussing what they're building, which has been great.
It's great. I love every single day. Sometimes feel tired, but not really, because it's just
like the energy of the room keeps me going.
And, you know, even at 1 a.m. after being here all day,
like, I just don't want to go home because of the conversations,
because of the people.
Just come. Come here and spend as much time in the office as you can.
It will not disappoint.
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It's a great fit for Altu to be part of the Solana ecosystem.
We saw it was a great fit for Altu to be part of the Solana ecosystem. You know, we've been building in Solana since 2021.
You know, we've been building in Solana since 2021.
I've been to Breakpoint. I've been to Accelerate.
At conferences, you never really get work done,
but here you actually do,
and you get to be around those really smart people.
Coming in early, staying late.
Winter, summer, that's the best place to build.
Not in our vibe is immaculate.
I started seeing the need for like some software to be able to empower people to do things on chain.
It was too difficult so we started building and we started coming up with ideas and here we are.
If you're a CFO trying to operate a business and you have stable points,
it should not feel like a drag. It should actually feel like it's optimizing your business, and that's why we built Altitude.
It doesn't make sense for me, as Superteam Canada,
to be here for the full month.
If I was, like, building a protocol,
I would come, like, the full month.
You just see the results.
It's kind of like a cheat code to be here.
People are really here to work,
so it's nice to have a chat,
but, like, people get stuff done too,
which I think is very important.
They're asking you what works, what doesn't work,
and these are people that know how to build.
So it's very key to be surrounded by them.
It's really empowering.
Every single event, literally, that has happened to us leads back to the mountain.
I'm a skier so I prefer the winter.
And then like on Saturday, meet on the slopes and have a good time together.
Hanging around in a ski lift is the best way to have a conversation.
We have the best merch.
The shirts are cool, the hats are great.
You got yours on right now.
Merch matters, you know?
But at some point, brand becomes just as important,
and so does trust.
And those are the things that we really care about now. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Music Thank you. Thank you. Music Thank you. Thank you. Thank you. Hey, everybody.
We are back here live from the Mountain Dow office in Salt Lake City.
Excited to kick off our next section, DeFi and Capital Markets.
I think this one's going to be really exciting.
I'm obviously a big fan of DeFi.
Solana was kind of built with the onus
of being the new NASDAQ, right?
So definitely a lot of exciting teams coming up here.
Vibit, what are you looking forward to here?
Well, we love DeFi.
I do have a little surprise.
Oh, boy. Anytime that there's something agentic that comes up,
we have to wear these beautiful lobster hats.
So that's the...
I'm inspired by our friends Gary Tannett, YC.
I just straight up copied him.
I mean, you have to wait for the AI pitch.
Then you can put... Okay. Okay, okay, okay. I'll wait. I'll wait. Well, straight up copied him. I mean, you have to wait for the AI pitch, then you can put it. Okay.
Okay, okay, okay. I'll wait, I'll wait, I'll wait.
Well, let's get going. We've got Pyra.
Hey, everyone. How's it going? I'm Diego,
co-founder and CEO of Pyra.
We let people invest their entire income,
and then we give them credit for expenses, so that they're able
to build wealth with every single dollar that they earn.
Today, Gen Z can build wealth
because the majority of their expenses,
80 to 90% of their income,
is going towards expenses like stocks,
sorry, like groceries, insurance,
rent, insurance, transportation,
and then the small amount they have left over
is what they have to use for expenses.
Sorry, it's what they have to invest.
So that small amount takes up to 40 years plus to build wealth.
Unfortunately, Gen Z feels this,
and 62% of Gen Z believes that they won't be able to ever own a home.
30 years ago, the average age of a home buyer used to be 30 years old,
and today it's 40.
Me and my co-founder feels this,
and everyone around us feels this as well.
So what we found is that across social media people are feeling this as well.
So we took a step back and asked ourselves,
who are the people that don't face this problem?
And that's billionaires.
People like Elon Musk, Jeff Bezos, Mark Zuckerberg,
they never face this problem.
And it turns out it's because they use money completely differently.
What they do is they buy and hold appreciating assets, they then borrow money against it,
completely tax-free, and then they spend the borrowed money.
This means that their portfolio keeps on growing for them long-term,
long term, and it's called buy, borrow, die, and they've been using it for decades.
and it's called buy, borrow, die, and they've been using it for decades.
So me and Erla asked ourselves, what if Gen Z could do this as well?
So that's what we built with Pyra.
It's an app, and I'd love to show you how it works.
So essentially, you first deposit your paycheck, and then you receive either a bank transfer
or via stablecoins, invest in your portfolio,
and then when you have a payment, what you do is, for example, for this cup of coffee,
you simply tap your card to pay.
And what happens in the background is that a loan is pulled against your portfolio so
that your assets never get sold.
And that means that you can continue growing your portfolio.
And when you receive your next paycheck, you simply just repeat the process.
So investing your whole paycheck into assets may seem super risky.
And we assure you that when we say that, we don't mean just YOLO everything into volatile assets.
So some months it could mean going into growth assets. other months it could be going for a loan repayment, others it might mean de-risking your portfolio, others it might be buying portfolio insurance. So
these are the guardrails that we're building around Pyra so this is actually scalable and
can be used for Gen Z. So today, finance fits on a spectrum. There's one side, which is the extremely, extremely safe side, which is Revolut, Chime,
Wealthfront, these apps that take 40 years plus to build wealth.
And then there's the other side, which is the extremely risky side.
People that want to take your income, get you to gamble it, and then essentially extract
your paycheck as much as they can.
And then there's this huge middle section of risk that no one's building for,
where we believe that Gen Z are willing to take on risk
if they have this structured guardrails around it.
And that's where we're building power for
and no one else is joining us.
We launched it seven months ago,
and we have processed over $4 million in total volume.
That's through swaps, deposits, spend.
And now we're adding these guardrails
and tokenized assets like stocks, bonds,
commodities, so we can actually go target Gen Z.
And we're raising receipts, so if that
sounds interesting, hit me up.
And yeah, if you want to build wealth
with your whole portfolio of assets,
check out Pyra. We're live on the Solana Dapp Store,
iOS, and Android. Cheers.
Cheers.
All right.
I am personally a big fan of Pyra.
I use it every day, right?
My entire net worth effectively lives in a Pyra account.
Sorry, are you the four million?
No, no, God, no.
I wish, but no, unfortunately, I'm not.
But I think that this is something that's really crucial, right?
I think everybody loves to participate in tax avoidance, legal term.
And this is like a really awesome way for people that are in our industry or not, right,
to be able to participate in a strategy of wealth building that has been pretty isolated from them, right?
You know, what do you think about borrowing against your assets, especially in the crypto
space?
Well, before that, I just wanted to say I really enjoyed the pitch itself because it
started with a relatable story and you kind of learned about the product through the problem
versus he didn't just jump right into like telling you what it was.
versus he didn't just jump right into telling you what it was.
So I really liked that.
So I really like that.
Yeah, I think when I was coming up as an entrepreneur,
we often talked about the unbanked as being this kind of problem, right?
But actually, unbanked for the next generation is a badge of honor
because the tools for the unbanked are getting to be better
than what's available in a traditional bank, which is pretty cool. Yeah, absolutely. Like I said, I mean,
like it is effectively my bank account, right? I earn more than people have in their actual bank
accounts. And that I think is a really cool unlock for Solana and DeFi and the people that
are participating, you know, across our lovely chain. Up next, we have an individual from Axis building on chains
index funds. I think that these are you know incredibly popular
products in TradFi. I think it's only a matter of time before somebody really
figures out how to unlock this like mass amount of retail capital that needs to
be in passive sort of vehicles right where they're not necessarily managing it right and so excited to hear what Axis is going to be in passive sort of vehicles, right, where they're not necessarily managing it, right?
And so excited to hear what Access is going to be talking about and showing us today.
Thank you so much.
Every great strategy startup is not ideal, but executing it on-chain is hard.
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We bring real narrative on-chain.
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We are AXIS.
We are building on-chain index fund.
Why non-index?
Because picking just one token is not a strategy anymore.
Wallets are becoming brokerage, and the default product will be in an index.
People say on-chain ETS are the next big thing.
So why have they all failed so far?
There are two reasons.
First, traditional AMMs breed 5% to 10% annually.
They are optimized for trading but fitter for holding.
Second, nobody wants a borrowing 5% APY in crypto. Users want volatility and narratives.
So how do we fix this hidden tax? Axis solved this with the PFDA, our fee discount auction.
We realize we cannot kill arbitrage, so we sell the exclusive right
to do it. Bot beat in an auction to win the right. And here is the paradigm shift. 100%
of the winning beat is captured to fill our X system. We don't just plug the hole in the
bucket. We turn loss into yield. In short, kill's the punch. We don't buy liquidity.
We extracted it from bots.
When a bot is on auction, here is how we split the value.
70% goes directly to the users as yield.
20% goes to the ETF creator.
And 10% goes to the protocol.
We turn loss into a sustainable X system.
This is our app, your idea, your ETF.
Forget complex DeFi screens.
We design it to be as simple as Tinder.
Just swipe left or right, and your on-chain index is ready in a second.
You can create cool-lifters, stock, commodity, and prediction ETFs.
This is not just spreading your risk. This is betting directly on narratives. Imagine
a World War III hedging 8 ETF. In one swipe, you can combine gold, defense stocks, Bitcoin,
and port-car prediction tokens. Anyone can launch this narrative fund in seconds.
Our MVP is live.
Look at what users are creating.
They are bundling meme coins
to trade fewer internet culture.
For example, the Jobless Index.
Someone bundled coins like Neat and Job into one fund.
If a meme goes viral today, an ETF is born tomorrow.
The traction is amazing.
In just seven days, 300 users created 350 ETFs.
People aren't just trying the app.
They are actually managing multiple narratives.
The explosive organic growth has already caught the attention of the core Solana X system.
Our business model is highly profitable.
We take a 0.25% base swap fee, a 0.20% annual AUM fee, and a 10% auction take rate for the protocol.
To hit $1 million in ARR, we don't need billions.
Thanks to our ill design, we only need $31 million in TVL.
That is just about 3,000 creators.
So why will AXIS go viral?
Because on AXIS, performance is everything.
Influencers can't just talk anymore.
They must prove it.
But here is the best part. A complete nobody
can launch an ETF, show great returns, and gain 4,000 followers overnight. And when people
buy it, the creator gets a 20% fee. Everyone has a massive financial reason to steal their
ETF concentrate. This creates explosive growth. But what are they selling?
Real narratives.
For supply, our offshore partnership with Dflow brings prediction markets,
and Xstock brings real-world assets.
To make our PFDA auction a reality, we use JETO BAM for MVV-protected execution.
Finally, we push this powerful ETF to million of users through software and Solon Mobile.
Our MVP is live in quarter two and quarter three of 2026 we will deploy version one for main net target
5 million in tbl we are raising a 200k pressure round at 5 million valuation cap via safe plus
token warrant we already have 25k committed from strategic. Let's build the future of on-chain index together.
Wow, pretty cool.
Pretty cool.
We're now in the .pizza domain somehow.
AXS.pizza, incredible.
This industry is really hard to explain to your friends
that you work in crypto,
because I can tell you that we just saw a pitch for Tinder for tokenized on-chain ETFs,
and you would understand what I meant. But I don't think my wife would.
Yeah, I think that these are definitely interesting products. I think that we,
as an ecosystem, are always going to be pushing
to get more and more people involved. And a lot of it's just education, right? But yeah, I think
that, you know, some of these, they're obviously targeting, you know, you know, long tail assets,
which I think is pretty exciting. I think a lot of people are playing around with it in this space.
So definitely keen to see how this grows. I mean, as somebody, you know, back in 2022, I launched like the Sol&P 500, which was like an index fund based off of like futures of like tokens on Solana.
So definitely excited to kind of see index fund tokens come back to the ecosystem, because I do think that this will be a really interesting way to kind of gain traction from your traditional style, stratified participants.
Right. What would be in your what's the top three tokens in your ETF?
No, let's move on.
I'm just kidding.
No, go for it.
Go for it.
Shameless plug, Ranger, one, two, Solana.
And three, I would probably say...
Hmm.
Careful.
Yeah, this is a tough one.
I don't want to hurt anybody's feelings now.
I would probably say... Just say Bitcoin and...
Nah, let's take a stance here.
Meta.
All right, there you go.
Cool, next up we have Obsidian.
There we go.
All right, can y'all hear me good?
Can everybody hear me? All right, bet, cool.
What's good, everybody? My name is Rio.
I am the founder of Black Web,
and I am here to present to you Obsidian.
So what Obsidian allows you to do is purchase gold for literally $30
from your phone. So the gold that we are using is called Goldbacks, which are 24
karat gold in the form of spendable currency. So you can spend these at like
gas stations, Walmart, if you will, and stuff like that so what if you can own real
physical gold from your phone for just 30 dollars well with our protocol it literally allows you to
do so so today's gold is broken um high high minimums uh 14 day settlements or long settlements
and then opaque trust me trust me audits so our token is backed one to one to the physical gold back.
So there's not a pull, it's true ownership.
No promises, you own a specific serialized item stored in the vault.
So with our zero knowledge proof system, it allows daily audits from taking 12 months to every day.
So audits daily.
So daily cryptographic verification
that your specific item is still in the vault.
And then the best part about this
is that you can redeem that token anytime
because it is backed one-to-one.
So gold without the friction, you can start at $30,
so it's pretty like very minimum barrier to entry
and then no high minimums.
So like instant settlement, so immediate ownership
and you don't have to wait 14 days for that.
And then I think one of the best parts about this
is that you can literally earn yield on a stable asset
like gold up to 3.5%.
And then, again, another cool feature is that you're able to redeem that token one for one
to the physical asset that is represented on chain.
physical asset that is represented on chain.
Sorry.
So from our partnerships, we are partnering with Goldback because we are legal distributors,
but there are actively 3,600 plus merchants that accept Goldbacks at their business.
So if you see a sticker like this in the store, you could definitely go spend your Goldbacks,
get a haircut with it, or whatever the case may be.
So annually, they're bringing in 10-plus million dollars
with the big players like AppMex, UPMA, and Alpine Gold,
who are legal distributors as well, like myself.
So yeah, we'll be able to provide digital liquidity
that does not exist for this goldback, this physical gold back to all of these different merchants and distributors.
So we're also working on a partnership with Oro Gold.
Their current TVL is 3.2 million live.
And then they have like institutional grade investors.
So we're just meeting that with retail.
So I'm pretty confident that we'll definitely be able to scale that substantially.
Let's go.
So how we add value is instant settlements instead of the long wait times and capital lockup. And then digital liquidity.
So there's zero shipping costs for goldback or whoever wants to use the product for digital trades.
And then auto compliance. So zero knowledge proofs replace manual audits.
So you don't even have to know what's happening on chain.
It's just mathematically proven that this is that this goldback represents this token on chain.
And it's also redeemable. So access to a new market.
So crypto users can now use goldbacks
on chain, stake, lend, borrow, the whole nine of DeFi. And then transaction fees, so revenue
shared on chain, on chain volume. And then the yield generation, getting 3.5% on a stable asset
like gold. So obviously we're wanting to,
or we are raising for the project,
so if you are interested, definitely give me a DM.
My information will be showed after the slides.
But yeah, so the revenue streams that we are currently
doing is the yield generation, redemption fees,
transaction fees, and digital leasing.
So yeah, so we just wanna bring this on chain.
We wanna, it's live on DevNet right now.
The tokenized portion of it is live on DevNet,
so we do want to help get this on MainNet.
But for now, you can definitely still purchase.
Go back to w3bs.fund with Solana or USDC for the first time ever.
So this is I'm Rio with Black Web and this is the Obsidian Protocol.
No, I think this one's pretty interesting to me. I think as people look for new assets to hold on chain,
RWAs have become a really popular thing here in Solana.
I think this one's particularly interesting
because it is also considered legal tender in a couple of states,
one of them being here in Utah, actually.
So, yeah, how do you see the RWA space kind of growing here on Solana?
And how do you think a project like Obsidian can really carve out a niche and help grow the ecosystem here?
Yeah, I mean, gold is one of the original things that's something that helps break crypto out of its current state.
Everyone can relate to gold, and if you own gold, or maybe your parents own gold or whatever,
it's a very relatable problem that where do you store it, how do you secure it,
and it makes a ton of sense to me for these things to live on chain
and have access to a global market as well.
There's so much happening around metals and commodities on Solana, actually.
You know, I think we kind of start at the, you know, the spot markets,
and you need to actually have, like, real gold somewhere stored.
Like, that's something that we learned.
And then you kind of extend it to, you know, leverage versions of these things.
Okay, cool, I like gold, but I want to, you know,
I want to short it or long it with 5X, 10X leverage,
and there's a bunch of products
in the salon that do that today. Yeah, I don't know. It's a really exciting space. And what I'm
interested in, and I'd love to see startups tackling this, is the long tail metals, like the
long tail of the periodic table. How can we get tungsten on chain? How can we get aluminum and
lithium and things like that? I think that'd be pretty cool as well.
Cool.
Next we have the mortgage-backed stablecoin, USDX.
Hello, friends.
How are you?
Am I live?
We're good?
Great.
I'm Winston.
I'm the founder of Stable.
I'm here to talk about a few really simple concepts,
and I want to start it. Like, where are the most simple Stable. I'm here to talk about a few really simple concepts and I wanna start at, like,
where are the most simple product
that will probably be presented here today?
You put in dollars, we swap those for mortgages.
That's all it is.
We're gonna walk through a few different examples
of what that looks like and how it benefits you.
But just remember, you swap in dollars,
mortgages on the back end.
The mortgage market is inefficient.
It's really old.
It's been around for as long as we've been alive,
as long as anybody's been alive.
The last update was about 45 years ago.
There was a conversion to a new thing maybe in 2019.
Most of you never knew about it.
Data's inefficient, it's stale, it takes 45 days,
it takes 60 days to get these processes.
There's actually delays built into the system.
So when you make a payment,
the investor doesn't see it for 60-plus days.
We're presenting a solution to that.
It's called USDX.
USDX enables anybody to provide liquidity to this market.
Traditionally, to provide liquidity to this market,
you would need hundreds of millions of dollars,
if not more.
With us, you need 25 cents.
It can go anywhere in the world.
It earns mortgage yield.
It's also protected from downside.
So here's the process how it works.
Loans are originated.
We don't originate loans.
We will never write a loan.
We don't want to be responsible for defining
what a good loan is.
That's not our job.
Our job is to make the market efficient.
We review it.
We do that with a variety of different AI tools.
Bringing the data on chain accelerates the process extremely fast.
Right now it's in a system called MERS.
We don't have to get into that.
It's slow.
It's inefficient.
20 different people have to sign up on updates.
As you guys know, blockchain makes that so it's one person.
We then tokenize it.
So the mortgage is brought on chain.
We're issuing USDX against it, against the value of that loan.
Then you have this loan backing the USDX itself.
That is then swapped into, thanks to how the U.S. system is structured.
And this is a U.S. product. This is built for America.
We'd have to adjust it significantly for other countries.
But how the U.S. system is structured, we can then swap that into securities,
which are more or less guaranteed by the government.
Our go-to-market that we'll be rolling out
over the next month or two is a yield loop.
You may have seen other people present similar opportunities.
Well, you're essentially going into this,
you're earning this higher yield.
You're then borrowing against it,
looping it over and over and over.
What I'd say makes us slightly different
is if you look at the risk structure
of what the other people are offering, I wouldn't put my money there. looping it over and over and over. What I'd say makes us slightly different is if you look at the risk structure
of what the other people are offering,
I wouldn't put my money there.
So that's maybe something to think about,
but we're not here to talk about other companies.
We're essentially using the highest credit possible,
barring against that, looping that.
We're Stable Grows.
We're currently exploring USDX vaults, B2B integrations, LP and exchange
infra, and institutional rails. What I mean by that is we have to integrate with a variety of
partners. That'll take several years on some fronts. It'll be very quick on other fronts.
On the mortgage loan originator side, we're already in discussions with bank distribution
partners and various national mortgage brokers that are in the top 25, both on the qualified and the non-qualified mortgage side.
Qualified just means the government will cover it.
Non-qualified means somebody had to bend the rules a little bit.
They're gonna sell it to a hedge fund.
Very simple stuff.
And so we're in discussions on integrating those businesses
entirely to our system
so that from the time the loan has originated,
it would be on-chain.
You can then provide and source liquidity
with USDX instantly against it.
And on the securities front,
that's gonna be a much longer conversation.
That could be one year, two years, who knows.
We have spoken with regulators
and guideline setters in that industry.
We're good to go.
Now we have to go get all of the clients to agree.
There's 100 different counterparties
when it comes to a mortgage transaction.
They're coming on-chain. They're coming on chain.
They're coming on chain really quickly.
And for them, that means five years.
So it's going to be a very fast five years,
and I look forward to being there with all of you guys.
Progress to date.
We have about 15 million in mortgage commitments ready to deploy.
We're sourcing liquidity for that.
We're in a few different discussions on that.
Smart contracts are deployed.
Like I said, the B2B distribution partners for both banking and the mortgage side are
in progress.
And this is another thing I want to talk about right here.
And I want to take a time to pause on this.
It's something new we're introducing.
It's called a home equity account.
And essentially, your home has two sides of it, debt and equity.
We think that they should function together in unison for your benefit. There's currently about 35 trillion dollars sitting there in home
equity just in the United States that's completely untapped. It's earning zero.
We'd like to see it act like money in a money market account. Earning just two
or three percent yield, maybe less. At two to three percent yield you're paying
off your 30-year mortgage in just 20 years. The compounding is really past
year ten it's phenomenal. If anybody wants to talk about that after many many You're paying off your 30-year mortgage in just 20 years. The compounding is really past year 10.
It's phenomenal.
If anybody wants to talk about that,
after many, many spreadsheets for you.
Leadership, mostly me right now.
We have advisors at various banks
and other securities issuers.
My background's in real estate.
This is my second startup.
Raised about $2 million for the last one.
We're going for the yield loop.
So yield loop, raising money, liquidity.
That's not as important as this.
Go read the latest article on this.
There's a video coming out tomorrow.
Thanks, everybody, for your time.
Well, you know, Mountain Dow,
not just for the hoodies,
but for the suits.
We have a real banker in the house.
I knew he was in real estate even before he presented.
No, I mean, it's pretty cool.
I don't know if you've ever been through the mortgage process personally.
I mean, humble brag, I guess.
I have not.
I have a measly apartment.
Yeah, well, let's fix that.
But, like, it is a gnarly, gnarly process,
and, like, going through that once,
you just see the inefficiency of the traditional paper-based systems.
I think anyone innovating in this space,
I think it's... I mean, there should be more people.
It's, like, such a... Like you said, there's a huge amount of capital and equity there,
and pretty much, like, untapped by crypto.
What do you think?
Yeah, I definitely think that this is something that will proliferate as we push farther into like real world assets.
Right. There is almost nothing more real world than your home.
And so seeing the ability to, you know, pay down my mortgage, you know, 10 years faster than it would be normally, I think that that's
something that's really exciting for people to be able to participate in. I think individuals
looking for yield-bearing stablecoins, effectively so much of the United States mortgages are backed
by the government, so there's a lot of like baked in benefit there that can help you earn stable yields on your stable coin position, right?
And then being able to utilize that throughout like the DeFi ecosystem in a permissionless way, I think it is a no-brainer.
And we will start to see, you know, this space sector really ramp up in the amount of capital that is allocated to it.
really ramp up in the amount of capital that is allocated to it.
And yeah, so going from mortgage-backed securities
to very consumer perps app right here with Rekt.
I love the opening line, bet small and win big.
And I'll let the Rekt team talk about what they're building.
Awesome.
Thank you, Barrett, for the intro.
It's great to meet you guys.
Thank you all for coming out or watching from abroad. My name is Liam, and today I'm really excited to show to you guys Rekt. We're trying to make it easy to, as Barrett said, bet small and win big.
The world is betting. The world is betting on everything.
And this is shown by the data alone.
We've seen a 20x increase in both perpetuals as well as prediction market bets.
And even my parents, who are super conservative investors,
are even finding their ways onto prediction markets.
And so we're trying to make it easy for consumers to just consume these markets in more ways.
Because at the end of the day, there's this problem where you've got billions of
bets happening every single day, but trading apps still feel like spreadsheets.
They've got all this complicated jargon,
all this data that they're trying to fit into a fancy trading terminal.
And it's very overwhelming to the average consumer.
And so with Rekt, we're really trying to simplify all of that and
just make trading fun at the end of the day.
And we kind of started asking ourselves, you know, when we started building this is like,
okay, well, what if we could make trading feel as simple as playing a game? On one hand,
you've got traditional apps that have this jargon, like I mentioned, of do you want to trade long or short? How much collateral are you trying to deposit? How much leverage are you trying to,
you know, use? And at Rekt, we just try to keep it simple of,
is the price going to go up or down?
How much are you willing to bet?
And what's your conviction level in that bet?
And so we built Rekt as a really simple, intuitive app
that just makes it easy to be able to place these bets.
Simple interface that actually reacts to the inputs that you makes it easy to be able to place these bets. Simple interface that actually reacts
to the inputs that you give it.
So as you increase your buying power
or that with even $10 on the line,
you can trade as if you've got $1,000 worth of capital.
And as a result, when you place these trades,
you actually feel the emotion of the trade in the graph.
You can see the price changing every single second
as the graph is moving by even just fractions of a penny.
And so as a user, instead of having
to wait months or years to get meaningful returns,
you can actually get those meaningful returns
in a matter of seconds and minutes.
And that's really what we're trying to unlock for consumers.
But we want to take it a step further,
and we want to create more of a diverse landscape of mini games.
Mini games that make it easy so that it feels like you're actually playing a game rather than having to trade the market.
And in our first mini game, we just make it really easy to be able to bet, is the next 60 second candle going to be red or green?
It's a simple binary yes or no decision.
It's a simple binary yes or no decision.
And it's all up to you.
And it's all up to you.
And we have created this interface in a way where, again, you're being able to play with these levers,
rather than having to worry about how much money you're putting on the line.
You just kind of move those levers up and down, depending on how much conviction you have in that bet.
And the best part is, every 60 seconds, you've got a new game to play, a new market to play, a new opportunity to win.
And this is just kind of the start of our mini games.
Our goal is to be able to roll out new mini games every two to three weeks, just to continuously keep that gameplay fresh and exciting for you as a user.
But we all know that games are much more fun when you're playing them with others.
So we're also going to be building social features throughout the experience.
So in addition to that main trading page where you've got a nice little carousel
that shows active trades that are happening live and instantaneously,
we're also making it easy to be able to compete with friends,
be able to track friends and compete with strangers all over the world
in a way that brings people together with a sense of community
while you're playing these gamified experiences.
Our thesis is simple.
We want to focus on owning the experience and then we'll worry about owning everything
else.
And so we're working with world-class partners across the Solana ecosystem to be able to
build these exciting experiences on top of the primitives that they have built.
And over time as we build these experiences and as we create games that are sticky and entertaining for you as users,
we want to make it as easy as possible to create
other primitives that unlock
new mini games with endless possibilities.
The best part of all of this is we're currently
live in a private beta here at Mounted.
It's been really, really incredible just getting people
on board and giving us feedback throughout the entire experience,
and just dogfooding the product as we go.
We have a little bit of traction just organically as well,
and we're really going to be working over the next couple of
months to roll this out to a wider audience,
both through private beta as well as public beta on
Solana Seeker later this quarter.
So if you're interested in joining the beta,
please definitely sign up on our website.
We've got a great wait list and we're going to be starting
accepting people off that in the coming weeks.
Now, as a quick recap of who I am,
my name is Liam and I've been around this space since 2017,
2018 and getting rekt since 2019.
I've been all across from the institutional side to the consumer side,
from Ripple to Solana to Ethereum to Cosmos.
But this is the place where I want to be because at the end of the day,
the Solana ecosystem is just something special and unique.
With that said, we really believe that the next exchange isn't just an exchange,
it's an experience.
So I'd love for you to come get wrecked with us.
Nice.
Let's hope you don't get wrecked.
But I love this idea, right?
I love the app.
I think that something that we haven't really focused in, DeFi, or done a very good job,
of is building consumer-focused products, right, to get people on board, something that is fun, right?
I think he nailed it, right?
As somebody who's built a trading terminal, it is not the most easy thing to come and onboard into a lot of data
and a lot of information that's just hitting you in the face.
And so being able to turn it into these fun experiences that can get people
interested in and being like, hey, like they start to learn, right? And it just slowly trickles to
more and more involvement in, you know, DeFi at large, right? And I think that that's a really
crucial piece. And I'm really excited to see, you know, these kind of more mobile focus, especially
as, you know, finance goes more mobile, kind of come out on the Solana ecosystem here at Mountain Dow as well, right?
I don't know about you, but I have started to do a lot more transactions via mobile devices,
whether that is trading or just payments at large, off my phone.
No, I definitely live on my phone and crypto makes it pretty easy. Yeah, I mean,
I've long thought that trading and gaming were on like a collision path. You know, I think they
share a lot of, I think the set of people that gravitate towards those disciplines. I don't
know if game is a discipline, but they have similar kind of mindsets. And so it's really,
it's been it's
been fun to work with liam a little bit and i look forward to seeing what they what they do
next we have stealth the private bank account for an on-chain world
hi everyone so today we're going to present yourself the first three private neobank and
solana bucket by arkem so we know that money has changed, but banking hasn't.
Capital is global and market runs 24-7.
Yet managing money still feels slow and exposed.
We believe your financial life must be not public, you know, that's why we're building Stealth.
Today, we don't truly control our money.
So on China, everything is public.
Anyone can track your wallet, your balance, your activity.
In traditional banking, it's the opposite.
It's low, controlled, account can be frozen at every moment.
And to manage everything, we use multiple apps.
So one for banking, one for investing, one for crypto.
Our financial life is fragmented and explored.
We started from first principle.
Privacy is not a feature. It's a simple property.
UX must stay simple. Complexity should stay under the hood.
Stealth is one financial account coordinated by two wallets.
The first wallet is compliant. It handles daily usage, cards, transfer, banking.
It's fully KYC and email compliant. The second wallet is private. It's used for investing, capital allocation, activity, identity, archium.
Transfer between both are hand-to-hand encrypted. No one can link identity to on-chain investment.
between both are end-to-end encrypted. No one can link identity to on-chain investment.
For users, it feels simple. But for us, it's a new...
Our roadmap is simple and structured in four phases. In Q1, we launched a closed beta to
onboard early users from our waitlist. Our goal was to build trust and validate usage.
In Q2, we went to scale privacy and introduce yield. Our goal was to build trust and validate usage. In Q2, we're going to scale
privacy and introduce yield. Our goal is to test our infrastructure and to grow our user base.
In Q3, we're going to expand to crypto-native. The goal is to make self the primary account for
digital capital. In Q4, we're going to move beyond trips to native users. The goal is to simplify everything and to scale globally.
I am Emil, and with me, I have Thomas and Luis.
We are all from 42School.
We started Stealth during the Solana Colosseum Cypherpunk hackathon.
And since then, we never stopped to build.
We focus on three things.
UX, privacy, and financial rails.
Thomas works on low-level privacy systems,
Rui brings full-stacks and economics background,
and I'm a REST engineer.
We are building stealth because we believe modern finance should be usable and private by default.
Today, money is global and digital.
We are building the financial interface for modern money, where compliance and privacy
coexist, where users don't choose between control and convenience.
And we are building it on Solana, of course.
I'm excited to show you the new version of the app for the very first time publicly.
So yeah, very happy to show you our application today.
What you can see now, it's just a basic authentication, but it's under back turnkey.
So no seed phrase, just a passkey, so it stays secure and recoverable.
For the cash wallet, this is a public wallet, so it's for your everyday banking.
Accounts, sign and receive funds, track your balance in real time and stay fully compliant and car receive verified.
Everything we'd expect from modern demo bank,
but it's on chain.
So now we go to the private one.
On this device, we're using the secure wallet,
but on any other device,
this will be a standard cold wallet.
Completely disconnected from your identity.
Now you can see like a move transaction.
So it's an example of a transfer between the two wallet
and that's going to be through Umbra.
So there are no on-chain link between sender and recipient
and sensitive data like transaction.
Amount are hidden on fees, are hidden on chain.
So it's complex separation between your public
and the private financial life.
Finally, this is a saving one.
So you can stack your cell on USDC to generate yield
passively with Archeom. Your balance stays encrypted. On Chain 1 can read how much you
deposit on the vault total. Only your cryptographic proof remains. So private sheet verified without
having being revealed. So on Stealth, your experience is going to be private from the beginning to the end.
So yeah, be ready
to be to the
real encrypted capital market.
Thank you so much.
Thank you, guys.
Yeah, very cool.
I think this is the way, actually.
I think the way is having two separate accounts,
one private stealth, one public.
In practice, very difficult to do.
And it's really awesome to see teams building on Archeum as well,
which is, I wonder, have you seen other teams building here on that stack?
Yeah, there are a couple of teams here that are building on top of Archeum from a number of different things.
We saw the Ananmesh guy earlier.
We have this team.
Very pattern-driven.
There's a lot of French people building on Archeum.
And I think that they kind of know a lot about the importance of privacy, right?
With the rise of kind of attacks on people over there.
I think, you know, Edgar and I kind of touched on this earlier.
You know, you have a bank account.
Nobody really knows how much is in your bank account, whereas we broadcast that information to the world here, right, what you're spending on, et cetera, right? And I think that if you really want to onboard the mass population to, you know, blockchain-based finance,
you are going to need something where you can protect, like,
an individual's privacy with their, you know,
bank account and their payments information, right?
For sure, for sure.
No, I mean, honestly, it's kind of insane,
and you don't really think about it until it's kind of too late,
because I haven't shared my first Solana wallet I've ever used.
Like, I had never really, you know, I didn't know about what was happening, really.
And, like, the other day, like a couple weeks ago, someone found it and was running a tracker on it.
And then it was, like, tweeting at me, like, oh, like, hey, hey, man, you just got, like, 50 sol for something.
I was like, thank you, first of all. I I also got the notification but why are you tracking my wallet as
well and this is yeah a lot of people are gonna are gonna find out the hard
way privacy is important next we have I guess that's attention credit all right
hi everyone hi Solana Billy Billy here, founder of Attention Market. I am introducing you today, Attention Credit, the protocol underwriting credit lines against on-chain revenues. What does that all mean? Well, starting with Palm Fund, the ecosystem is benefiting from the Palm Fund creator fees,
which add up to about $400 million worth of fees
paid out to projects like mine, yours, agents, creators.
But those fees, they are unbanked.
We cannot use them whatsoever in DeFi currently.
So we built the solution exactly for this,
revenue-based financing or credit,
enabling any pump creator or project receiving fees
to take a loan against those fees
in a non-custodial manner built on top of Squass.
What does that all mean?
Well, in essence, that just gives better guarantees
for you as a
borrower, where you retain control over your assets and revenues, and better guarantees as a lender,
where we ensure that you're going to repay that loan, and this is enforced on-chain. We do not
rely on any legal recollection. Starting with Pump, in terms of roadmap,
we are fine-tuning the credit sizing
and pricing of that trade line,
ensuring those repayment rails are enforced,
and we'll be then welcoming any outside capital
from a source from DeFi into our protocol.
In terms of market scale, as I said,
Pump pays about $400 million worth of creator fees.
And the Web2 context for this is Shopify capital,
PayPal working capital, that's about $3.6 billion worth
of credit and advances paid out to merchants.
And the overall macro context on those kind of product
is about $2.7 trillion worth of revolver credit
underwritten by US banks.
We win because we are building on pump.
They, with a infrastructure ready for servicing fees
With a infrastructure ready for servicing fees and billing credit products on top.
I'm Billy. I am a founder of Attention Markets. I've been spending about 7-8 years in DeFi now.
And I am also applying to the Pumpkin Hackathon. The ticker is ATTN, and we are here to win.
Yeah, so attention markets, I don't know how many people are familiar with Pipe from traditional markets, right? They pioneered or were the big success of
building credit lines based off of companies' revenues, right? I think that this was a massive
unlock for a lot of small businesses. It is a huge market. And so definitely very excited to
see this kind of come on chain, its ability to surface, DeFi native teams, also kind of come on chain, its ability to surface DeFi native teams, also kind of bringing your
more traditional companies into financing options using DeFi here on Solana, right?
And I think that that's only going to grow, I think, those applications outside of crypto
and building that infrastructure for that tokenized credit line around revenue is something that
is a tried and true practice from traditional
markets. So very keen to see how attention grows here on Solana.
Yeah, I mean, on-chain credit, really good idea. Pump on revenue, like creator fees, is that what it is?
I mean, that's where he's starting, right?
But it can expand.
Not very reliable as a revenue stream to kind of back,
but interesting idea and maybe like a reasonable place to start, you know, something like that.
Next we have, oh, I can't read the name on this one,
so I'll let you guys, what's that?
Avo.
As in avocado.
Avo is in avocado. AVO as in avocado.
The future of capital is autonomous.
Awesome.
Thank you for having me.
Today we're going to talk about a journey from going from marketplace to something bigger.
So I am Paperhead.
I am the founder of AVO, and I started growing up building and breaking things.
I started hacking when I was nine.
And today I'm going gonna share with you a journey
that I've went building Avvo,
which is a marketplace for AI trading agents,
indexes, as well as managed funds.
We made it super easy for anybody
to build on-chain portfolios,
and today we're gonna explore that.
We're building something incredible
when it comes to agentic and autonomous capital allocation,
which is the next Robinhood.
So far, capital allocation in crypto
has been rather broken.
It has Ponzonomics, a lot of FOMO,
very much non-data driven decisions.
We can use agents as well as autonomous capital allocation,
which is what we are building,
in order for us to do data-driven allocation
as well as remove the human emotion out of the process.
I would like to share with you the demo of what Avvo currently is.
So, a user comes to the platform, connects their wallet. Once they connect, they have
access to a bunch of portfolios. We chose the MAC 7 index. We put 0.25 SOL. And once
they confirm, that's all that the user needs to do in order for them to deploy capital
where the agent can access. Now, we're gonna explore a pool
that has already been created for us,
and we will be able to see what this pool holds,
as well as the trade logs, which is per rebalance,
what has been skipped, what has been bought,
within that pool, and we have protection settings
that enables the user to control what the pool does.
We're gonna do a full cycle,
where we're gonna withdraw our capital from that pool,
and we will receive it back to the original deployer wallet.
We have access to full inspectability of agent logs,
where you can see what the agent has done
throughout the pool lifecycle.
And this is great, but what are we building next?
Well, we have done throughout the life of crypto
more non-conversational interactions
when it comes to investing.
But we believe that that's not the future.
We're moving to more conversational experiences.
That's why we're building Miles.
And Miles is gonna be able to understand
and allocate capital based on your risk profile.
How will it know that?
Well, it will interact with you.
Understand what your trader portfolio is
and how it evolves.
And be able to autonomously recommend to you
what the next move should be
You can talk to miles
Sell soul when it's at certain price or DCA when you want to pick a token
How does miles work? Well miles currently?
Taps into all of the portfolios that are on auto and you will be able to use it for more than that
Miles is going to be able to access the entirety of DeFi,
such as LPing, Lending, opening a pool on Avvo,
as well as just direct swaps.
And for every builder that's out there who
wants to deploy a portfolio on Avvo,
it is as simple as an API call. And once you deploy your portfolio on Avvo, it is as simple as an API call.
And once you deploy your portfolio,
you're going to be able to get instantly discovered by Miles.
This is me.
I would love for you to go to Avvo,
open a pool so that you get automatically
waitlisted for the Miles experience.
for the Miles experience.
That's the presentation.
That's the presentation.
Nice. Adrian's mentioned,
so we've got the lobster gear out.
Honestly, one of my most strongly held beliefs is
that we're going to see like a Phantom or like a Coinbase
or maybe like a JPMorgan Chase of AI-based trading. Like I think, you know, there's no reason
why we're not going to be using our LLMs or using things like Miles or Avo to execute our
trading strategies. I think there's, I don't know, it's really early
days, but there's like so much to be built here. Yeah, absolutely. I mean, I think that
agentic finance will be a huge market, right? I think the concept of algorithmic money management
has been around for a long time, right? I don't know if you ever use one of the early robo-advisors, right?
But this is effectively the new era of what robo-advisors
wish they could have been, right?
And the ability for them to have that instantaneous settlement
and create a bunch of custom strategies,
yield optimization, algorithmic trading, et cetera, right,
that they don't get to, you know,
have access to in traditional markets, I think is a massive unlock for this particular sector of,
like, agentic managed financial pools, right? And so definitely super excited. And I know this guy
is committed because in the first week that he was here at Mountain Dow, I told him about the demo day
and he said, that's fine. I call my wife wife I tell her I'm gonna miss the anniversary I'm gonna
be here all day all night for the next month so this guy is very dedicated to
you know what he's building and super excited to see how Avo and Miles kind of
take off in the future happy anniversary all right next we've got paystream of the life are you ready yeah i'm
ready all right let's go hey everyone uh my name is moshish i'm the founder and ceo of paystream labs
paystream is a suite of d5 tools which helps users maximize yield on every single dollar
right now in cryptic bear being, there are only two ways to make
money. The first one is speculation of tokens, which requires constant attention. You typically
see your funds go to zero. The other one is far much more secure. I call these passive
strategies, which is safe typically, but the returns are very minimal until unless you
got millions of dollars. There's a third way to make money,
which is only available to sophisticated market makers,
and that is what PayStream is building.
We are building what market makers build,
and then we are opening it up,
which basically involves all the pro-gate strategies,
which you know about arbitrage, hedging,
doesn't include any sort of speculation.
The upside is almost unkept, and your downside is protected by paystream.
You don't need to maintain any sort of infrastructure to run this sort of strategies.
If you go on app.paystream.finance right now, these are three sort of strategies which you
will see, perpetual to perpetual arbitrage, spot-pump neutral, and liquidity provision terminal.
I like to call these strategies profit machines
because they print really good money.
And all of these strategies have one thing in common,
which I call auto-close mechanism,
which is mainly responsible for closing the user position
before it becomes unprofitable.
So here's a small demo of how, if go on right now on funding and farming screener,
what you will see.
So as you can see right now, we have three different PubDexes integrated, Drift, Pacifica
and Hyperliquid.
So for right now, as Solana is my favorite asset, I will just see what sort of strategies,
what sort of rates are we getting on Solana.
You can clearly see in this sort of timestamp,
we were getting around 3.0 to 31% of funding rate,
which was, if you convert your yield,
37.5% APY, depending on time frame of one day.
You can deposit USDC and execute the arbitrage
with a single click.
We have a very easy-to-understand UL portfolio
to manage your funding rate arbitrage positions,
spot PURP, delta neutral positions, also your typical liquid positioning positions on Meteor
and Radium.
Based on the data that we have been using, and actually personally on the PURP2PURP I
can watch on because I have been using a lot. These are the rates which you can expect around depending on how much you are trading with
different sizes.
As if you're interested in who are the team behind the product, myself, which I've already
told about, and two more cool engineers.
Last year we won the Colosseum Hackathon, and after that we raised around 750K from
MetaDAel with commitments
over $6.1 million.
As of right now, you can scan this QR code, go on Rx, give us a follow, and go on the
website and actually can deposit.
And we truly believe that your liquidity deserves to earn more, so I would say it's one of the
best opportunities to use this sort of a product at this time.
So, yeah.
Ciao.
All right.
There's nothing better than earning additional yield on idle capital, right? I think that this is something that I obviously love.
I'm big in perps, so enabling more people to utilize these applications that are, you know,
kind of democratizing the access to certain types of strategies that have kind of eluded them for
one reason or the other, whether they, you know, are non-technical or, you know, they just never
wanted to, right, but they're like, maybe if somebody did it for me, they would start to participate, right?
And I think that these types of little things are really crucial and can be built upon
through, like, the broader DeFi ecosystem, right?
But, yeah, you know, do you ever participate in funding radar or any of these other yield-bearing strategies?
No, but that's not because I shouldn't.
I don't know how to do it.
So he said you can do it in one click.
I know how to click buttons, so maybe I should try it out.
Yeah.
Awesome.
All right.
Next, we have DFM.
Hey, everyone.
I'm Outin, co-founder and CEO of DFM.
Over the last years, we have seen that something huge is happening in finance.
Capital is finally moving on chain, fast and scale.
Solana is building the internal capital markets layer, but fund management infrastructure hasn't kept up.
It's still all slow and built for an era of managers, spreadsheets and closed systems. Institutions have proven the man with the first generation of tokenized funds,
but those still mirror legacy finance.
DFM is a fund management operating system.
It acts as market aggregator connecting spot, perps and grade into a single layer. So instead of stitching together AMM, vaults, perp
venues and manual operations, anyone can launch in a permissionless and non-custode
well a fund in just a few minutes, like a leverage ecosystem fund, a delta
neutral yield strategy or a narrative targeting a different sector
or an index targeting a different sector or narrative.
Investors mint and re-eval now and management fees are continuously on-chain.
And the timing couldn't be better.
Institutions are already running tokenized funds. Regulators are enabling them in multiple jurisdictions,
and top consulting firms forecast up to 30 trillion in tokenized assets by the next decade.
So, this isn't a future bet. It's already happening.
And when you look at the numbers, the scale becomes obvious.
Fund management is a 140 trillion global industry.
The obtainable on-chain segment sits around 2 billion.
And as tokenization grows, the market will expand rapidly.
So capturing even a fraction of the market
creates a symmetric upside compared
to the cost of ending this.
Now when we see the market, there's a lot of competitors.
And they are great.
But each of them focus on just one piece.
And NON is offering non-custodial,
permissionless infrastructure for the full fund life cycle.
DFM is the full stack, everything under one framework.
All markets, full composability, full adaptability.
Our business model is straightforward.
We earn from management fees,
from deposit and redeem fees,
and for fund creation fees.
All of this grows naturally
with assets under management,
volume, and the amount of funds launched.
It's infrastructure that compounds.
We are now in Cloud Alpha.
We have over 300 signups in
our waitlist and we're testing some pilot DTFs with strategic partners
including KOLs, DAO operators and fund managers. We're gonna scale DFM in three
clear phases. Phase one is where we are at, permissionless DTFs, targeting DeFi users, DAOs, launchpads,
and different communities.
Phase two, permissionless DTFs,
opening the doors also to KYV and KYC,
so we can target regulated issuers and verified investors.
And finally, phase three,
institutions offering them structured products like Sirius. And thanks to our team is that we know we can execute
this at top level. Francisco, MBA in London Business School and Columbia,
currently VIP at Octree, one boutique asset management firm with over 200
billion assets under management. Diego, work with legacy brands like Mercedes-Benz,
Arola, AstraZeneca, and more.
And I'm Agustin, former COO at CitiFi,
who won one of the OG launchpads
where I launched more than 70,
worth three projects and raised more than 20 million in ICOs.
We have the perfect mix of crypto and institutional finance.
We are now raising our preceded round,
$715K at $5 million per money valuation
to have a 18-month runaway,
complete our audit and legal framework,
integrate and expand markets to PERP and a credit,
and also go to market and bring DFM to open beta.
If you would like to connect, you can reach out directly on X or send us an email.
So thanks everyone.
So that's pretty cool.
Let me just try to repeat this back to you because I asked you while he was talking,
give it to me in plain English. Basically, you have someone who creates a vault, a fund manager, a financial advisor, maybe an influencer, and then the assets in that vault are managed. And so you kind of get the return of whatever person or institution you're betting on. Is that right? Yeah, that's correct. You can think of it as a tokenized hedge fund.
People LP,
you are clearly defining a strategy
and they opt in to
said strategy. That's pretty cool.
So we are going
to take another break and
we're going to say bye to Barrett
and thank him for
being a host for the last two sessions and also for obviously founding Mountain Dow.
Well, thank you. Thank you. And it's been a pleasure. And that was the last person on the DeFi and Capital Markets track.
We have one more track left. I think it'll be a really fun one for Edgar and Vibu.
We'll be back in 30 minutes. All right, see you soon. Thank you. This first week is absolutely insane.
Everyone's chilling, everyone's working, everyone's grinding.
I'm meeting so many new faces, people I've never seen before at any other Mountain
Dow.
We're sponsoring this event because we want to connect more deeply with the different
developers that are on site. I believe that there's a break point for everyone and there's
like a break point for developers and Mountain Dow is actually the place for that.
We doubled the office.
We have an extra 6,000 square feet.
It's an extension of the office that we had last year, but it feels like a completely different office.
This is the first year that the office looks like a proper dream office.
Everyone's like having a good time. It's not forced, it's like very organic.
11? And you're clocking at 2?
Barrett, there's been a technicality.
Stop, dude.
TJ didn't pay, he doesn't get it.
Oh, he's lost, it doesn't matter.
We haven't changed!
Whenever you've got like an issue, there's always someone you can ask for feedback.
Right?
They're all entrepreneurs, all builder minded people.
And that's like the people I want to meet.
And that's the people that are here right now.
Tons of great people, phenomenal talent, a ton of development velocity, right?
Even with where prices are and the best mountains in the world.
You know, Mountain Dow's culture is around testing your limits, pushing your limits,
and coming out of it, somebody stronger.
Counts in the office, and it counts out in the mountains. So I think my tip is just to embrace the adrenaline you know see what you're made of
can you make it quick I'm late for a partner meeting with the founder.
Shit, Alex is already here.
Alex Hayes?
Apex Protocol.
New perps platform on Solana.
You know him?
He says they're still in beta, but open interest is up 40%.
And there's no airdrop planned.
It's all organic.
New deposits.
Only chart that's up in this market.
And this is their current cap table,
outstanding token warrants,
and a rundown of their preference stack.
Wow. This is everything.
Almost.
That's the entire on-chain transaction history,
so you can check if the volumes are real.
Feels nice when someone does the research for you
Introducing Lightspeed IR by Blockworks your Solana starting point for on-chain data and institutional research I'm here for my third week of Mountain Down.
No, sorry, second week of Mountain Down.
Oh boy, this is my third time now.
It is my first edition in Mountain D.O.
We want to talk to builders that are building apps, products in the Salon ecosystem.
You're just able to come here and just grind.
It's just the best place to build.
What brought me here was the emotion that was amongst everybody that I knew in France.
Being in a space where there's, you know, 100, 150, like, other builders that are like-minded like you and just want to build cool .
You know, it's inspiring at the end of the day.
Any time that we've been here has been incredible
for the startup, for the business.
And also, we just had the best time ever,
met some really great people, made a bunch of friends.
You know, I hosted daily workshops,
got to know everyone that's building
a mobile app here pretty well.
Got to see a lot of their apps, give them feedback,
have them pitched ideas.
And yeah, I think people here are really, really open
to like talking and discussing what they're building,
which has been great.
It's great. I love every single day.
Sometimes feel tired, but not really,
because it's just like the energy of the room keeps me going.
And you know, even at 1 a.m. after being here all day,
like, I just don't want to go home because of the conversations,
because of the people.
Just come. Come here and spend as much time in the office as you can.
It will not disappoint.
Every era of economic change creates a new center of gravity.
For 2026, that center is Miami.
Whether it's trade through the cargo gateway of the Americas or the rise of
Brickle as a modern financial hub,
Miami has turned cultural momentum into economic gravity, a place where capital moves faster and builders
don't wait for permission.
Miami has accelerated the connection between the northern and southern hemispheres.
That's why this year, Solana Accelerate lands in Miami alongside ConsenSys, uniting founders,
institutions, and policymakers inside a city shaping the next phase of internet capital
markets.
Solana Accelerate Miami.
See you there. We saw it was a great fit for Altu to be part of the Solana ecosystem.
You know, we've been building in Solana since 2021.
I've been to Breakpoint. I've been to Accelerate.
At conferences you never really get work done, but here you actually do and you get to be
around those really smart people.
Coming in early, staying late.
Winter, summer, that's the best place to build.
Nintendo vibe is immaculate.
I started seeing the need for some software to be able to empower people to do things on chain.
It was too difficult so we started building and we started coming up with ideas and here we are.
If you're a CFO trying to operate a business and you have stablecoins, it should not feel like a drag.
It should actually feel like it's optimizing your business and that's why we built Altitude.
It doesn't make sense for me as Superteam Canada to be here for the full month.
If I was like building a protocol, I would come like the full month.
You just see the results.
It's kind of like a cheat code to be here.
People are really here to work.
So it's nice to have a chat, but like people get stuff done too, which I think is very important.
They're asking you what works, what doesn't work,
and these are people that know how to build.
So it's very key to be surrounded by them.
It's really empowering.
Every single event, literally, that has happened to us
leads back to the mountain.
I'm a skier, so I prefer the winter. And then, like, on Saturday, meet on the slopes
and have, like, a good time together.
Hanging around, like, in a ski lift
is the best way to have a conversation.
We have the best merch.
The shirts are cool, the hats are great.
You got yours on right now.
Merch matters, you know?
But at some point, brand becomes just as important,
and so does trust.
And those are the things that we really care about at OTSU. Thank you. . Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. I'm going to go to the next video. Thank you. Thank you. Music Thank you. Thank you. Welcome back to Demo Day on the Mountain.
And this track is our consumer track.
Yep.
And we're going to start off with the Spend team,
who I've known for quite a long time.
And a shout out to Ghosty, who knows watching.
Let's hear it.
I didn't know the CEO of Solana was gonna be here today,
but it's great to see you.
I'm Kenton, alongside my co-founder Josh Pichardo.
Together over the last year,
we have won the Solana Mobile Hackathon
and placed fifth in the stablecoin track for Coliseum.
Along the way, we got backed by MonkeyDAO
and arguably the best super. Along the way, we got backed by MonkeyDAO and arguably the best super
team in the world, Super Team Bulkane, as well as SoulFlare. And together, we're Spend, where you
can buy anything with your stable coins. In the past year, stable coins have grown by 200%,
yet holders lack an easy way to spend them. Neobanks and crypto cards are popping up everywhere,
but they're all geolocation locked,
require extensive KYC verification,
and a lot of them are getting banned all over the world,
starting in Europe, Canada, and surrounding regions.
Our solution lets you buy directly from your wallet.
No card, no bank, no KYC.
You simply browse, add items to your cart, pay with USDC.
It's really that easy.
No, yeah, real products delivered directly to you.
And speaking of, I forgot to get gloves
for this weekend ski trip.
Yeah, we're definitely gonna need those.
So I'm gonna order those real quick
while we show you a video of how this works.
I'm going to connect my wallet.
Find the gloves. Here we go. Checking out. Jump, jump, jump, jump, jump, jump, jump, jump, jump.
And just like our boy Sava, I just bought my gloves right here.
And so we started off with our web app where you could simply paste your product links
and build your cart.
And then we created our award-winning Solana mobile dApp.
With over 3,000 ratings, we're coming in at a 4.5 star.
And lastly, we just dropped our X402 agentic shopping skills so your agent
can now shop through spend for you autonomously.
And in these last five months, we've done over 1300 Amazon orders,
$120,000 in items delivered, and we have a 45% new user retention rate,
which the startup e-commerce average is 20% to 30%.
So we're definitely crushing it in that area.
What we have coming up is our Chrome browser extension,
which will allow you to shop directly on Amazon
without leaving through our platform and checkout.
And after that, we'll be dropping our Shopify module
so we can capture the rest of the 95% of the e-commerce market
that Amazon does not cover.
On top of everything, we'll be dropping Spend V2 on all platforms.
It is a refined experience that will make things so much better
for all types of users.
Thank you so much.
I have a delivery for Kenton.
Yes, thank you.
Got you, got you, got you. Thank you. Got you, got you, got you.
Thank you, thank you, thank you.
All right, we're good for the weekend.
So you guys scan that QR code, get your first item from Spend, get ready for the weekend.
We're starting our angel round.
If you want to participate, DM us.
Thank you so much.
Well, I knew that the consumer track was going to start off strong. I did not understand the magnitude. Unbelievable. I mean, first of all, we've got the lobster attire on.
We're immediately agentic. Agents mentioned. Agents have been mentioned immediately. But
like you mentioned, the spend guys have been around for a while and i think you know they were early to this
notion that solana could be the infrastructure that helps to solve for the commerce on chain
that i think we all envisioned early on right and it really took the performance that solana offers
to get there yeah i mean let's forget about Spend for a second.
I'm moving to Salt Lake City because the Amazon service here is absolutely incredible.
I mean, 20 seconds.
Yeah.
Delivery times.
Yeah.
We actually bought, so we own that guy, that delivery guy.
He's ours.
And we bought him through Spend.
It's an incredible assortment of products that they really offer.
And I kind of feel bad for them because I saw them practicing yesterday. They must have done like 50 demos. So they must have like 50 pairs of ski gloves. So the office has a few meeting rooms. One of them was converted
into a glove closet, and we're going to solve for that later on. Awesome. All right. Next up,
we've got another phenomenal consumer team thinking about commerce, thinking about spending.
Another great example of, you know, kind of the speed and the flexibility that Solana offers these types of products.
Let's give it up for WeSplit.
So hi, everyone.
I'm Pauline from WeSplit.
And as you may know, crypto was made to be social,
to unite us and bring us together in this decentralized place.
But as we are moving forward in the ecosystem,
we forgot the vision.
We built this whole infrastructure
to be fully decentralized,
but we've neglected the human element
of actually spending and sharing value together. The shared
moments just became complicated. Today's wallets, they are made to be single player. If you
are going on trips with your friends, you know that your group chat just gets filled
with wallet addresses, transaction links, and you need to use Web2 application like Splitwise or even manual spreadsheets
just to know who owes what.
And all of that before you even open your wallet.
The result is that you are never getting paid back.
Between the wrong amounts, between spending transactions,
all of this just gets you not paid in time.
So it's time to simplify.
We need a solution, we need a social layer
that actually is leaving where you are in your mobile.
So we are introducing WeSplit.
WeSplit is the premier mobile hub
for sharing on-chain expenses.
We are bringing the frictionless on-chain and all of that, we are transforming your wallet
in a social ecosystem.
The onboarding is pretty simple.
You can connect with the wallet of your choice,
and once you're in the application,
you can just create groups with customized governance.
So whether you are a DAO,
or even going out with your friends,
you can just
create a group, manage rights, tap up funds, and on top of that, you can earn yields on
either USDC.
So we've created one place for every circle.
We are managing the complexity so you don't have to do it.
Because our goal is that you focus on life and on the loan that matters, and we are managing
all the maths and the money movements.
So we've built this WeSplit ecosystem.
We have more than 10 communities
already onboarded on WeSplit
that brings their members unique perks.
Also, we are followed by a lot of technical leaders
that are just supporting and trusting our vision.
The thing is, we want to empower the entire ecosystem. Whether you
are a merchant or just a platform, and you want to propose to your users crypto split
payments, you can do it via our merchant API. And other good partners say, if you can spend
it, you should be able to split it. So this is the vision we have for the coming months.
We are building a web app so you can split everywhere from mobile to desktop.
A Telegram bot so you can split in one command directly in your group chat.
And the big thing that we want to do and that we are working on is the resplit physical debit cards.
So we are bringing all these on-chain expenses and on-chain splitting expenses directly to the real world.
And the momentum is crazy.
We are live for less than a month now
and we've already onboarded 500 users.
We've got 800 unique splits and 12K in volume.
And we are already live on Seeker, Android and iOS.
Plus we are incubated by a great friend at Shark Pool.
But we are not just co-founders. We have deep roots. The three of us, we met five years ago at school, and
we've been building together since. And we've been building, I think, in Solana for three
years now, and we are entering our final year as students. And I want to say that we split
is really the culmination of this history we have together and this technical passion.
But this is not the only thing for today.
We just launched this morning our ICO
to help us build this product and build this vision.
This is powered by Sagapad.
Sagapad is a Seeker first launchpad
and we are really aligned with the vision.
You can join us on this ICO by signing the QR code or go on sagapad.com if you want.
And so, know that this social layer is here in Web3.
The next time you are going out with your friends, don't just pay.
Split it.
Wow, look at that.
A live TGE announcement on stage here at Mountain Dow.
I got a question for you.
I mean, the first thing that came to mind was
I'm kind of like past the age where I'm splitting payments.
Usually one person at the table takes the bill,
and we all thank them.
You have a girlfriend.
When you go on a date, are you using this app?
Look, I'll put it this way, babe. I love the startups that come to Mountain Dow.
And I think it's important to share those startups and the opportunity that is in front of them with
everyone, especially the loved ones in my life. So I pitching my girlfriend on split on we split every dinner you know yeah and she she hasn't been yet but i will convert her
i i strong believer strong yeah equal equal uh yeah equal yeah exactly crushed it all right We've got Aero, is that a soul? Aerosol.
Okay.
Guys, I'm Kelvin.
I'm the technical co-founder of Aerosol.
And today I want to talk to you about a new product that we've been working on, which is called Aerosol Ads.
Actually, we've rebranded it to Spotlight.
So, okay.
So I'm talking to you, the builder.
So you've shipped your awesome app.
All your systems are operational, they work well.
You have a beautiful front end, probably bi-coded,
but it's okay.
Back end, on-chain programs deployed.
You have your infrastructure working well.
Everything checks out.
But there is one problem that we all have
when we launch our app,
which is we have no users.
Your app is a desert.
You start marketing your product everywhere.
I've been there.
You post on X, you DM your friends,
but you quickly find out
that it's super hard to actually get users out in the wild.
So enter our solution, Spotlight.
We have built an advertising platform.
This is a platform by Solana builders,
for Solana builders, and especially for Solana users
with specific traffic to be contained within the Solana users with specific traffic
to be contained within the Solana network, of course,
instead of leaking out to other products
that have nothing to do with what we're building.
So Spotlight allows you to reach thousands
of active Solana users.
And this is not any type of user, though.
We have what we're calling high intent users.
These are users that know how to work their wallets.
They know how to sign transactions.
They're not just casually browsing through CoinGecko
or CoinMarketCap.
These are people that know how to interact with your products.
Users that may have a Solana Seeker, or three, or five like me, don't judge me.
Users already using other awesome Solana products like Pyra, like WeSplit, like Spend, like so
many of you, right? Many of which have been built right here in this building in Mountain Down.
So Spotlight will help you reach these users.
How do we know this?
We have been building on Solana for two years.
In 2025, our most popular product, Burning Claim,
was visited by more than 120,000 users.
We processed half a million transactions for over 20,000 wallets.
And in 2026, we are on pace to 3x these numbers.
Thank you to the, I'm going to look at the camera, thank you to the Solana team and the
Seeker team and the Solana mobile team, because this is only possible because of this platform.
Okay, so our products are available across the Solana ecosystem.
We keep making partnerships.
We're here meeting all of you, and we're going to continue to do this, right?
So what does this mean to you?
Back to the builder, right?
What does this mean to you?
Starting in March, you can advertise to our burn and claim users.
We're going to start with that.
By early Q2, we will be expanding our network
to our network to more aerosol products and then select builders from this community as well.
Yeah, it's demo day. So I'm going to go ahead and show you a demo. Now it's gotten ahead of me.
So this is the dashboard. This is Spotlight. This is what, as an advertiser, when you're
advertising your product, you will see. So this is the dashboard. This is what, as an advertiser, when you're advertising your product, you will see.
So this is the dashboard.
This is just going to give you a quick overview of how your campaigns are performing.
Right here I just have one campaign.
You're going to be able to see your impressions, your clicks.
You're going to be able to edit your campaigns, which I'm going to show you here.
You're going to be able to set Web3 targeting.
Right now you're going to be able to target our products.
You're going to be able to target specific wallets're going to be able to have target specific wallets depending on the
privacy of the user of course but whether the user is connected or not
you're going to be able to to set your budget and one thing that we're not
going to do is we're not going to pre bill you we're not gonna bill you a huge
amount at the beginning absolutely not never we're always gonna
send you an invoice after you've gotten your impressions and if you have an
issue you know we want happy customers so you can continue to advertise with us
right so it's not abusive it's not we're not trying to be one of those
advertising sharks it's very important to us so this is our delivery check this
is how we're gonna show you how you show you how well your ad is gonna propagate through our network.
And here I'm just gonna go through the ad group and show you the creative work.
So if you're a creative in this company, of course, you're gonna have to upload media.
And in the future, we're gonna help you with AI.
But yeah, you're gonna upload your headlines.
If you've done paid media, you know everything that's being shown here, which is, you know, and we're gonna allow you
to preview your ads before they go to production, right?
And we think this is quite beautiful
and empowering to builders that want to get users.
So yeah, your beautiful ads will be displayed there.
And I'm gonna show you how they would look,
for example, in Burning Claim.
So you can see here at the top,
imagine your product displayed right there
to thousands and thousands of weekly users
using their wallet,
coming to get rewards in this particular product.
So if you were to advertise something like
get rewards with spend or something like this,
the chances that they're gonna click
because of the target audience is gonna be pretty high.
So yeah, I'm going to show you that.
And then here I'm going to show you a second opportunity for an impression, which is very important, which is after a successful action.
So the customer is already super happy.
I'm going to show you this.
So here you can see the second impression, which, oh, sorry, sorry.
The second impression, let's go back.
Yeah, so the second impression happens right there, and it takes the user to the destination URL
designed by the creative.
So yeah, that's the demo of the platform,
and now I want to show you who we are.
So, sorry.
So, we are Aerosol.
Okay, perfect.
Sorry, technical problems.
So, we are Aerosol.
We are a super passionate team of four people.
Shout out to my co-founders.
I love you guys.
Thank you for everything you do.
Thank you, Molly, for putting this presentation together.
And we're looking to raise.
We're looking to grow our platform.
We have a five-year projection on financials,
and we would love to hear from you.
In 2024, Tully told us to keep building,
and we 100% took that to heart.
It became personal.
So thank you, Tully, for the support as well.
And I want to wrap this up by thanking the Mountain Dial team,
thanking the Solana team as well for giving us a platform
to sort of spotlight our projects to our builders
our projects to our builders and to the entire ecosystem. Thank you very much.
and to the entire ecosystem.
Thank you very much.
So, Vib, you're a bit of a consumer mastermind. You've had quite an interesting history there.
Thank you very much.
If I'm a new builder, I'm building a consumer app, and you know, I have a hundred and twenty
thousand users to work with. Would you say that's like a good start for me?
Is that reasonable?
Well, I mean, just based on the evidence from today,
a lot of teams came up here and said they had 300, 500 users.
So if you have 500 users, that would be a 240x increase.
That's pretty good.
That's pretty good.
It has been incredible to watch aerosol grow the
distribution that they've been able to build in the ecosystem i'm super excited that they've
decided to productize that reach i think that massive massive advertising opportunity for the
teams here yeah something we explored when i was building drip as well we had done some ads and
Lufthia- Exactly.
there was they continue to do that and they do pretty well. People that are on chain are looking for things
to do all the time.
Cool. Next up, we have Lufthia, Confidential Programmable
Payments for Web3 Teams.
Lufthia
All right.
All you?
Lufthia- Good, good.
What about you guys?
How has it been?
Good?
Can I start?
Lufthia- Let's do it.
Hello guys. So my name is Lisa. I'm the founder of Lufthapay.
So Lufthapay started as a platform for creators who monetized their influence as small as they were,
so they could connect with web free brands.
We onboarded more than 4,000 creators, launched hundreds of campaigns,
processed hundreds of thousands of campaigns, processed hundreds
thousands of payments, and our biggest issue was dealing with payments themselves.
So crypto payments are so broken.
The client will pay me on a network, the creator wants to be paid on another chain, I have to
swap, I have to bridge, copy, paste, address manually, out of telegram, it's prompt to
error, it's a mess.
So it's something that we know that quickly we had to fix to improve our pipeline so this is where I
came out the first version of Lufthapay so we created a universal payment link
for creator to choose their preferred network and asset they want to pay with
and me I just send the payment once in USDC on Solana and they get exactly what
they want if I want to get paid in Bitcoin, eat, whatever.
But this was solving only half of a part of crypto payments.
This is just a UX issue,
but there is also the part that every payment I made was public on chain.
So when I pay KOL, I have two KOL.
One guy is paid twice more than the other.
You can see clearly payment have been made that has been paid two times less.
So they complain and so on, and I have no privacy.
Not good for business rights.
So unfortunately, we have more initiative on confidential payroll like and so on.
But the truth is that crypto native team are still using manual multi-seek to perform payments.
They have no way to schedule monthly payment, automate them.
For example, if I deal with a freelancer,
I just want to release the payment after I've done a task,
release the amount of an escrow,
automate cross-chain swap, and so on.
So this is what we are building.
A programmable confidential stable code payroll,
just like it's written on the screen behind me.
How we do that?
We are aggregating entrance,
same chain entrance, cross-chain swap entrance,
like near-entent which is for me,
the best infrastructure so far for cross-chain swap,
which cover more than 120 token on more than 20 networks.
So we can pay people on EAT, Solana, Tron,
Thon, even dead chain like Monad, whatever.
The privacy is done on Solana.
We are leveraging MagicBlock private ephemeral roll-up to process
the transaction in the confidential and security.
It's great for us because it's compliant and also because it's auditable.
We want to know when the invoice has been paid.
We want to know that event has been done on chain and then it's settled on Solana.
So the only thing that we want to keep private is the recipient and the sender.
All the guests are abstracted,
all the experience is abstracted for the user.
The market we're looking at is crypto native team.
We estimate between five to 10 billion the amount of payroll volume each year.
We want to offer a size based subscription that are very
competitive from what we have with deal for example,
our request finance still expensive and not even private.
For individual, we offer free payment link.
They can transact in USDC on Solana for free.
It's just a distribution channel for us that we serve as marketing.
We can take some fee on cross-chain swap, like very near zero fee.
The market expense on opportunity is huge like stablecoin was 30
trillion last year we have global cross-border payment freelancer payroll uh web to web to a
creator as well so payroll infrastructure i still hasn't caught up yet especially the private one
i'm working with my team with my best friend pauline she's a head of product and ui she's
a rock star we launched many businesses together,
even some that we sold like a few years back
in AI for professional investor.
My other friend, Elena, she's a California based attorney.
She studied at Harvard.
She's so brilliant, and she's also
specialized in privacy on AI and blockchain.
How convenient when we want to make our service accessible
not only for businesses and AI agents.
Myself, I'm a tech background,
I work as a tech consultant.
I work in Julius Baer,
private banking, on risk,
market ethics, open banking,
so I understand financial traditional infrastructure.
But also I've been in Blockchain since 2018,
and I built Lufthapay to solve the problem
that I had.
This is the demo that we have, so you can try it out.
I made it public just for you guys to have a look.
You can send payment to a Twitter username.
They don't even need to be registered on Lufthapay yet.
You send a message, choose a nice GIF, and they can receive money as easily as that and
be able to claim it
by logging in with our Twitter. The privacy part will be launched in 10 days time. So now I just
made it live for you guys to see. And you can have your own like for creator, your own username
link that you can claim. So we did it that way because we already have the creator so we can go
to market with them and get early traction from them.
If you're a team building and you need private payroll,
we're offering one year free to any team from Montendao
or watching this live.
You can ping me.
You have my telegram here.
You can scan to try the demo and so on.
Thank you so much, guys.
well i didn't want to put the hat on but she did say the word agent she said twice
that's the rules those are the AI companies there was the pushing AI industry then there
was the agenda comment we had to do it um i got a question for you you have you have employees right or no today i've got agents
which has changed a lot but have you ever been paid uh like on a payroll a stable coin payroll
yeah i mean it's been painful right um it's been painful to pay in stable coins it's been
painful to get paid in stable coins so So usually when it happens, historically,
you know, it's kind of, it's ad hoc.
It's outside of any kind of organized infrastructure.
Yeah, I'm a little bummed about this
because I really like looking at all the salaries of my coworkers.
And, yeah, it's really too bad.
So you must have been the KOL that got paid more.
Yeah.
Because any time I've been in that situation,
I found out that people were getting paid.
Yeah.
And I got a participation trophy.
Fair enough.
Different experiences.
Oh, cool.
I just got a demo from this earlier today.
Next up, we have Xeno Money.
Hi, thank you.
So my name is Clive, and I'm building Xeno, a stablecoin native
card network. So what does this exactly mean in simpler terms? Xeno is the visa for stablecoins.
But before we get started, I want to make it very clear. Xeno is not another pay with crypto card.
Whilst all these solutions are great, but they still build on traditional systems and go through
traditional rails such as Visa and MasterCard.
It's time for a new solution that's powered natively
by blockchain, because at the moment,
businesses get charged up to $187 billion in fees every year.
Now, to better understand what exactly is Zemo,
here's a quick demo.
Hey, man, how much is the coffee? Oh, sorry. So here's a demo
of me paying with my Solana phone. And just like that, with a single tap, a payment is
completed and settled on the Solana network.
I can even show you right now with the live demo with the payment terminal to show you
how easy it is.
Okay.
So I'm going to enter in how much I want to charge, so I'm going to put $1.
And then on my phone, I'm going to press pay,
authenticate with my fingerprint, and bring the phone
close to terminal.
And just like that, you heard it's a payment live on Solana.
And what's even cool, the same protocol
even works with two phones.
For example, a friend has a wallet, and I have a wallet.
I can show you on the demo if it loads.
All right.
Anyway, essentially what the video is going to show is two phones coming together, and
you're able to do a contelless payment using Solana.
This exact same protocol
works with the terminals. You don't have to do any further integration once it's with the terminals.
So here's what we offer. At Xeno, we offer wallet SDKs so Wallet can easily implement
our technology without having to know the underlying infrastructure.
And for PSPs, we give them the same SDK, so they would implement Xeno just as they would do with Amex.
And here's the important bit.
The way Xeno is going to scale is not through hardware, but a software integration.
So if we integrate into a PSP like Square, who has hundreds of thousands of merchants, that will mean many merchants will be able to accept Xeno as a payment overnight.
Why now?
So the stablecoin volume is growing year on year, as well as regulations where stablecoins
are accepted as digital cash, and as well the infrastructure where Apple is now opening
up their chip for third-party
developers allowing builders like us to build. So everything is ripe for this kind of technology.
So what's our current traction? So we are currently doing a pilot in Iceland. So Iceland
is a very small population of around 500,000 and we've received special project status from
Rapid which is a PSP like Square.
And through our partnership with Monerum, we're actually issuing the ISK, the first ISK stablecoin in Iceland.
And we're also working with MintCulp, which is basically Coinbase in Iceland.
So we're going to be working on a pilot.
And that first pilot in phase one in Q1 of 2026 will follow through with our EEA,
so European Economic Area Expansion. So Rapid will use the sandbox. We use Iceland as a
sandbox and they'll copy and paste this exact same method into other areas in the EU. And
later on in 2027, we'll be looking to expand in areas such as the USA.
And here's the founders.
So it includes two technical co-founders,
including myself, won nine hackathons,
and I've worked at a billion-dollar company that processes billions of dollars in payments,
and I know exactly the pain point of saving 1%.
And my partner, Tom Robotham,
he's got deep experience in implementing NFC protocols,
as well as Harry, who's our CMO,
and he's worked at Barclays for over 18 years with experience at
Crusoe who is currently an advisor.
Thank you very much. Please contact us.
We're currently raising 1.5 million at a $15 million valuation.
So, one of the unique things about Mountain Dow is that it's a 24-7 workspace, right?
And we've been getting, you know, people stay here late. They're trying to eat.
We've been getting demand for vending machines in the office.
And we were thinking, we'll just run it on Xeno.
Easy.
Yeah, you know, I feel like dropping some alpha because I think Solana is an amazing network for payments.
And, yeah, tomorrow we'll be launching a brand new handle and website from Solana Foundation
all about how to use Solana for payments.
The problem that Clive mentioned is very real.
Yes, stablecoin cards are pretty cool and can function, but at the merchant level,
typically they're not getting settled in Stablecoins.
So this is kind of using the existing terminals
and taking Stablecoins and then accepting them as Stablecoins,
which I think is going to be a growing need all around the world.
Huge.
Next we've got Anterra.
Good to go?
Cool.
Good afternoon, Maundau.
I'm Felon, CryptoFelon on Twitter,
and I am the founder of Antera, the on-chain playground.
So, crypto is fragmented.
There are thousands of dApps, hundreds of chains.
Discoverability is almost impossible,
especially for new users.
And if a new user happens to hear about a protocol,
they can't just simply Google it because they'll be sent to a drainer.
And for advanced users, pro traders,
there are too many options out there
for them to mentally index.
And how can you find the best yield
if you can't mentally index all of what's available to you?
So, what if navigating on-chain
was as natural and simple as playing an on-chain game?
Well, playing a game.
And so that's what I did.
I aggregated, or my goal is to aggregate
the best protocols on-chain
in this one social game world.
Making it easy and intuitive for people to trade on-chain,
discover protocols, access the best and intuitive for people to trade on-chain, discover protocols,
access the best available options out there to them.
So if you want to deposit to on-chain lending, you walk up to the Aave NPC or walk up to
Lawrence Day NPC and deposit to Wildcat Finance Protocol.
We've got a Solana booth.
We've got booths for bridging across all EVM and SVM.
We've got booths for bridging across all EVM and SVM.
This is a very visual heavy presentation, by the way.
So I'll do a little less talking and more showing.
So player walks around the map world and sees all that is available to them
and can interact smoothly and safely right through this game world.
Now crypto games have a problem. They don't have all three of these. They're either trustless and smooth, smooth and fun but not trustless, or, well, usually they're just
a Ponzi. But we managed to find the solution to not have all of these without being a Ponzi.
we managed to find the solution to not,
to have all of these without being a Ponzi.
So through our game interface,
we allow for provably fair, fully real-time games,
fully trustless, without sacrificing any,
good experience without sacrificing any of the ethos of crypto.
So you'll see here we walk up to a dice salesman,
you mint a bag of dice NFT.
You can walk up to another player
and you can challenge your player right through the game.
Got some sound effects going.
The game, the dice game itself, is fully on-chain.
It calls MagicBlock VRF.
You can wager soul on-chain.
The money gets put into escrow.
Players wager.
You see that we just wagered and we won,
and now you'll see the other player will wager us,
send us a wager invite, accept the game.
So we are making the traditionally boring, slow, text-only,
fully trustless games much more fun and real-time.
We are the casino on Mars, for all those people
who have read that article out there, amazing article.
DeFi's Town Square and a living, breathing wallet interface.
Every protocol is a place, as you just saw, and every trade is gameplay.
So we are experimenting with social perps trading.
I built this game. I call it Bomba Perp.
We've all seen the tap trading meta out there. It's cool, but I don't necessarily think it's a game.
So I took that concept and I expanded it to make social tap trading meets perp trading, meets bomber man.
So players walk around the map, drop bombs to open positions. If the position hits the price wick then bomb
explodes position closes in profit
different bomb sizes are different positions position sizes
While building this, I have struggled a lot.
It has actually been five years of building this.
It has been a struggle figuring everything out.
And I want to empower people to be able to build games without having to struggle to
build them just like I did.
So I've solved that problem for them.
I have made a plugin architecture to build games on like I did. So I've solved that problem for them. I have made a plug-in architecture
to build games on top of my platform.
Very similar to some famous games out there
that you might know of.
I'm not going to mention my name.
I hope to in the future release this plug-in SDK
and allow people to build games on top of them
and then build on top of my platform.
The two games that you just saw,
Bomba Perp and the Dice game,
are actually built on top of that plug-in SDK.
I built it myself to dog food it.
So yeah, I'm Felon. I got my start in RuneScape in 2010, became a RuneScape gold seller, which led me to Bitcoin, cryptocurrency,
and now I'm essentially recreating my childhood on-chain.
So, yeah.
So, this seems like the perfect way to introduce my seven-year-old daughter to perps.
You have to get them losing money early.
That's the best way to learn, right?
That was pretty cool, actually.
At first, I was like, OK, there used to be DeFi land,
and there were some early attempts at this.
But the playground is pretty interesting,
kind of like a Roblox type of sandbox for on-chain games.
Pretty cool.
Yeah.
I mean, I think what's incredible there, right,
obviously we saw characters on the screen walking around.
There are transactions happening under the hood
the entire time,
which is insane, right?
Because it feels like a true real-time experience.
You don't feel like you're interacting on chain.
Did you play RuneScape?
All the time.
Woo!
All right, raise your hand if you played RuneScape.
Okay, that's like the entire room.
What was your favorite skill?
I was a minor.
Okay. You know, and I spent, oh,
I mean, look, a tradesman never reveals his secrets. I think my favorite was market arbitrage, actually. I would transport, you know, I mean, maybe level three, level four. Amazing.
All right.
Speaking of infrastructure and building empires,
let's kick it off to Paga,
who is building an autonomous operating system for companies.
Hello, guys.
Oh, yeah.
So hello, beautiful people here, there, online as well. My name is Eugene.
For the last seven years, I've been working in different companies, Defy protocols, FinTech
solutions.
And all of the companies pretty much running the same procedures for the operations, right?
And none of them really enjoyed it.
I guess you are, like none in the list of the people who enjoyed it,
or at least I hope so.
If not, we are here basically to help you to automate those processes.
So, in average, the pre-seed and the seed companies spend from $30,000 to $50,000 per
year for accounting, legal, compliance, and back office ops.
Basically, as we move further to the Series A and the Series B companies,
from 150 up to half of the million dollars annually goes to such operations.
But operations were never supposed to be like a department.
They should be automated.
So what we built at PAGA is the six specialized AI agents. So you start the way of the formation agent, so you incorporate the entity.
You get the EIE number, the operating agreements.
Then there is the legal agent, so the contracts, the agreement, and in general legal review
running automatically.
So the CFO agent is the stock that's already alive
and we're basically using it ourselves already.
So it goes for the treasury, runway,
and financial planning.
Compliance basically helping our fintech solution
for regulatory checks, the IML and KYC guidance.
Oh yeah, you can get them.
Then the payroll, so basically contractor,
like you can pay the contractors
using the automated payroll, payroll scheduling,
and everything's running through the intelligent,
the cross agent inside, and pattern recognition system.
And you will ask me, like, how I'm supposed to delegate
those essential tasks
to the AI agents.
So we basically build what we call Know Your Agent,
the trust framework system.
So you basically set your own thresholds.
So we divide it on the three layers.
So one of them is supervised,
so agent recommends you confirm.
So every payment, every filing,
it goes through the human in the loop.
Then the layer two is the semi-autonomous,
recording tasks run automatically,
the payroll, compliance filings,
flex, anything unusual.
For those people who work in the back office,
I think you understand how easy it is nowadays could be.
So the layer three is the full automated,
agent operates independently within your guard lanes.
So it requires the more data you would provide
would be better.
So at least three months of data,
that's how we started our own beta.
So the every interaction fields into per company
like memory, preferences, decision, vendor relationships.
So agents don't just execute tasks,
they build institutional knowledge.
So basically how it works, you can go and,
and like, you can go through the chat interface
with the natural languages to basically
give specific tasks and the router classifies the message
and determine the task to the specific agent
who is like the specialized agent.
And then basically the agent itself started acting
as a specialist and handle specific tasks.
Big part of our protocol is, of our solution,
X4-2 protocol, that basically allows us to provide
those fully autonomous like payment system. So basically all the contractors internally in our platform
can communicate with each other in the simple endpoint of the X4.2
protocol. And so this is the huge step towards the automation in
general. We basically will integrate the Fiat Rails as well,
starting from April.
But we're gonna have the zero percent fees
for the on-ramp and off-ramp.
I think I'll start with the demo.
This is one of our wallets.
Let's see if it loads.
Some of the solution we will launch soon.
It depends on the demand.
We start with the financial solution in the company formation.
Meanwhile, once it loads, I will just get back to the QR.
So it navigates to our landing page.
So for all the mountain tower builders, we give for up to three months
the free usage of our services for all the operational stack.
One second. Should I use the hotspot?
Oh yeah, it is.
Yeah, so basically it categorized the pattern,
so it recognized the pattern,
which is the wallets is contractor, for example, or not.
The amount of money was sent,
and the categorized the contractors,
vendors or either was operational things,
total outflow, the runaway,
and so basically all the essential tools in terms of
the running the company within the finance.
I'll be back for the QR.
Thank you so much.
It's an incredible feat to do anything in these claws, I'll tell you that.
So, infrastructure. Infrastructure for agents, for humans. What do you think?
Where do you see this going?
Yeah, I mean, basically everything that's bits is getting automated every week.
I mean, it's like the pace of this stuff is crazy.
But like every week there's like, you know,
some bits related thing that's getting automated,
put into an agent framework.
I think the like big difference this year from previous years is that I think before we were
prompting an LLM and then maybe there was some manual code, if-then statements.
Now with agents, you're telling the agent what to do and the agent is rewriting itself.
It's changing its rules and it's learning things.
And yeah, I mean, I love the idea because
there are all these menial things when you're starting a company that, you know, are expensive
and are all things related to bits and information. And I think agents will probably do this
significantly better than humans pretty soon, if not already.
Yeah. I mean, Barrett and I were talking earlier about, you know, vertical AI companies, right?
Companies that are, you know, they're building a product, they're providing service,
but their operations on the back end are being automated, made more efficient with AI.
And it allows them to run much smaller teams with much greater impact, right?
Oh, I mean, I think the average team size is trending down.
You're going to have one, two-person teams is pretty much going to be the norm.
So next up, we've got Tapestry, and they're going to talk about the next era of consumer
social.
Hi, everyone.
Today, I'm here to talk to you about what we believe is the next era of consumer social
and why it starts with an AI companion that just gets you.
So Gen Z spends a lot of time every day,
about nine hours or so online,
but most of the time it's past scrolling.
We don't think the next future,
I mean the future of social should be more feeds.
We think it should be companionship.
And it's not just thesis.
This is our QR code,
so you can actually scan to check out yourself.
In the last 90 days, we have grown 52X.
We now are at 75,000 users with 4.8 star rating
in the app store.
So we know it's working.
A little background about ourselves.
Tapestry is the largest social protocol on Solana.
We've been in the trenches with you all
for about three years or so.
We have a consumer team tap into open social graph,
the APIs to unlock better discovery, profiles,
and community-driven activities.
As protocol, we're able to map over 2.3 million
relationship between wallets from these projects.
But we don't just build infra.
As a team, we ship real apps on our protocol.
In the past, we had an NFT collecting marketplace called Primitives.
Last year, we shipped Solana Social Explorer, which is a social trading app.
Zoomie is our latest and, frankly, the fastest growing one.
and frankly the fastest growing one.
And I'm so excited to share with you today.
And I'm so excited to share with you today.
So in a nutshell, Zoomie is an AI companion.
It provides a private, judgment-free zone
for all of your wildest thoughts and overthinking moments.
It has chat and voice feature.
We are actually part of the OpenAI Voice Pilot Program
because we focus heavily on making it feel embodied,
so it's not just another chat window.
What we learned is simple.
The more connected our user feel towards their Zoomie,
the more likely they are to come back,
which is why we're seeing 34% on day one retention,
and connection is just the beginning.
You can then build something bigger on top of it.
One of the biggest and hardest things in crypto right now is reaching users, like real users, Gen Z consumers.
So we intentionally broke out of the crypto echo chamber.
We focus our growth engine largely on TikTok.
So we create this flywheel around UGC and creative programs.
We now have about 12 creators that produce
roughly 60 videos for us every month
that's garnered millions of views.
I think our best one is coming close
to like a million views today.
What's really interesting is these users
don't even know they're being onboarded to a crypto app.
They just downloaded this like AI companion app
and they are now spending 17 minutes a day inside the app.
So now we have this engagement, what do we layer on top?
Once a user formed this relationship with our Zoomy,
we turned that relationship into participation.
The first layer is digital merchandise.
Inside Zoomy, there is this closet that user can customize their Zoomy with, you know, digital goods.
Hats, accessories, like seasonal items from, like, Christmas or or Halloween and branded merch.
Not just random merch.
They are launched in collaboration with crypto teams,
brands we all love across a lot of ecosystem and communities.
These crypto native teams wanted to reach mainstream users,
but here we are giving them access to Gen Z consumer
who are already spending so much time a day in our app.
And we would love to actually work with all of you
to get your visibility beyond crypto Twitter.
We are also converting these engagement
into real rewards in stable coins
that user can actually cash out and frankly,
to buy a matcha latte.
So we are soon introducing prediction market.
Pretty much just like a simple friendly competition
among these brand as the user can vote every day
guessing which one's gonna perform best,
like which one's gonna be collected most by the users.
Not heavy finance, just fun games within the app.
And this is a social fee within the app,
which I think frankly it's a really fun way
for branded merch to come to life in a very organic way.
But the real reason that we can do all of this
is because of one structural difference.
We are not just any AI companion app,
which are just chat windows.
Every Zoomie has a programmable wallet
that enables ownership, rewards,
and peer-to-peer commerce from day one.
Underneath Zoomy, it's tapestry,
which is our identity and open social graph protocol,
so that this economy is not just trapped inside Zoomy.
Every interaction compounds on the same wallet, identity, and network.
That is all for today. Thanks so much for having me here.
Feel free to get your own Zoomy.
Connect to me on Telegram and Twitter.
I'm Jody.
And I'd love to get your brand into Zoomyverse.
So, you know, just want to shout out this team,
because I think they kind of buried the lead a little bit.
They've been building in crypto for many, many years.
There's consummate cockroach founders pivoting,
trying to find product market.
This is my first time hearing about their new products.
They have 75,000 users already in the last two months.
The one thing that she didn't mention is that,
I don't know if you know this,
but even though they said it's an AI behind the Zoomy,
it's actually just Unmol, who's sitting right there,
and he didn't want to be shouted out,
but he's actually been responding to all those chat messages,
which is pretty crazy.
He's been great in the office.
We've been kind of feeding him,
keeping him watered,
all the important things to keep him going 24-7.
I will say, you know,
among the many great things that Jody mentioned,
maybe my favorite was her comment
that a lot of their users don't even know
that they're using crypto, right?
And this, I think, is another kind of,
if we look at the evolution of consumer apps
over the last 12 months,
we are at the inflection point
where people are starting to be able to build on chain,
but their users don't have to worry about it, right?
Blockchains are really infrastructure.
I think that's incredible.
I think the philosophical point is
like an agent with a wallet has an identity in a way.
Yeah, it's a user.
It has something that it owns.
It's much more of a human experience.
Cool, well next up we have Supersize,
which is real money gaming.
Can you hear me?
Okay, good.
Hi, I'm Louis, co-founder and CEO of Supersize,
a real money gaming company.
Have you heard of Real Money Gaming?
Real Money Gaming is the top-growing mobile gaming genre by revenue.
It's growing 30% year-over-year,
projected to be a $20 billion market by 2030.
But Real Money Gaming has a problem.
Real money gaming apps are terrible for users.
Real money gaming apps manipulate their odds
and cheat their users using bots,
resulting in one-star reviews and lawsuits.
Our solution is a custom on-chain settlement layer
which powers provably fair matches and instant payouts.
Our platform is live. It's called SlimeCoin.
It currently has four games, quests, and a free-to-play token called Slime that's 100% backed by real USDC.
We have the most aggressive revenue share model out of any real money gaming platform.
Players earn Slimecoin by wagering dollars on our platform and can climb the leaderboard and
are entitled to cash payouts every single week by doing so.
Our games are fully on-chain and serverless, powered by Solana and MagicBlock.
Being on Solana offers us a unique competitive advantage. It allows us to create a secure
and private real-money gaming platform that requires no KYC and has instant payouts.
Further, by publishing on Solana Seeker, we can bootstrap the growth of our ecosystem
via a low cost per install and a high lifetime value per customer.
Our games are already live.
They went live in January, and they've started to get their first few gamers.
I'm going to do a quick demo to show you what they're about.
This is our platform. And I'm gonna play one of our games, Slime Solitaire.
Gonna enter a game for a dollar.
And then I play just like you would play normal Solitaire.
Do a couple moves.
The entire game is running fully on-chain.
And then I can submit, and it will be resolved instantly
on-chain.
on-chain. And so I was paid out right away on-chain, and I can claim my earnings.
And so I was paid out right away on-chain.
We are a Solana native team. We are a team of Solana natives and Hackathon winners with deep experience building fully on-chain apps.
We are funded by Sanctor Capital, Press Start Capital, Coliseum, and are partnered with MagicBlock.
These are my socials if you're interested and want to learn more. Thank you.
Another gaming experience where everything is happening on chain behind the scenes
and it feels real time.
I mean, I love it.
That to me is one of my favorite evolutions of the Solana
ecosystem over the last few years.
This one, actually, I might use because the dice game type
stuff, it's kind of, eh.
Solitaire?
It's real.
Solitaire is crack.
It's real.
To be honest.
Did you used to play Solitaire, Windows 95, 97?
You remember those games?
Obviously.
Yeah.
There was nothing else to do on the computer.
It was that or Minesweeper.
That or Minesweeper?
Way too young for that.
I definitely wasn't.
I definitely wasn't.
Not that old.
Not that old.
Anyway, rounding off our consumer payments track,
consumer and payments track,
these guys are building something that we've seen,
you know, a crowdfunding platform that, you know,
we've seen kind of play out in Web2,
but they've evolved into Web3, and I really love their angle.
Let's give it up for Nomu.
Hey.
All right.
Thanks.
All right.
Thanks a lot, guys.
I'm the very last one, so I know you're all tired.
I make this fun, quick, easy to understand for everybody.
And as you know, best for last.
So with that in mind, my name's Danny.
I'm one of the co-founders of Nomu, and we built a Kickstarter that actually pays you. Simple as
that. So let's start with the basics. Kickstarter, everybody familiar? Biggest crowdfunding platform
ever. 25 million backers, roughly, and almost $9 billion of pledges collectively done. That's
essentially the biggest ICM in terms of grassroots formation before crypto, which is pretty cool. But let me ask you a little question here. Who here has used Kickstarter more than once?
More than once.
Okay
The biggest issue of the whole industry is not many hands raised here is that they cannot retain users
This company has been around for 15 years and two-thirds of their users over
the period of 15 years have never returned again. And it's not just Kickstarter. Indiegogo,
GoFundMe, they all suffer from the same endemic problem. And that's the $25 billion question,
which is roughly the size of this industry. Why the heck is no one coming back? And so we scraped
all the possible data we could. We did the user journey more times than I'd like to admit. And we came to the conclusion that the key issue is alignment.
See when you go on Kickstarter, you're not a consumer.
You're not like on Amazon.
You are actually an early adopter, you're a visionary.
You're an early adopter of a new technology, of a new product.
And as such, the value proposition changes completely as well.
You for instance, in the case of Oculus, let's take it as an example, which was one of the most successful Kickstarters ever
We've got a guy Mike here. He gave Lucky Palmer his first ever revenue on Kickstarter
His word of mouth was the first ever marketing first initial feedback
And of course as we know when you're early just like in crypto and on Kickstarter as well
You get screwed over. It's the exact same thing
Mike here got the V1, which is
a clunky, super expensive product. There was no economies of scale. There's no surrounding
ecosystem. Waited for months to get it and essentially got a thank you t-shirt. Three
years later, when Lucky Palmer sold it to Facebook for a couple billion bucks, Mike
here was left in the dust. And so that's the key piece of what we think is wrong with crowdfunding
together. This is the best case user experience what I just described, Mike's experience.
So what we're going to close is the red circle you see here, what we call the early adopter value gap.
And how do we do this?
Well, we have a very simple thought at NOMU, which is that if you help a product win, you should win with it.
Sounds simple enough, right?
And so that's exactly what we built.
We built the first e-commerce platform where you can pre-order product and earn as they sell. Essentially just
aligning consumers with the products that they buy and with the brands that they love. So far,
so good. We launched three months ago and have just shy of $1 million of net sales so far,
and have already redistributed more than $30,000 in revenue share to early buyers.
We were among the winners of the last Coliseum Hackathon
on consumer track, are backed by some of
the greatest names in the game including
MonkeyDow who are right here in the crowd,
and have already better retention rate after
three months than Kickstarter has across 15 years.
We're also very lucky to work with some of the best names
as go-to-market partners we could ever wish for.
But we're not just about Web3.
In fact, I don't think we're a Web3 company at all.
We are a Web2 company that uses Web3
because it's simply the better tech.
Solana allows us to do things that would not be possible to do on Web2,
notably the revenue sharing.
And so I'm going to show you a quick live demo of what we're doing right now.
No, very Web2 product. This is a sale that closed yesterday, but I'm'm gonna show you a quick live demo of what we're doing right now in a very web2 product.
This is a sale that closed yesterday,
but I'm gonna show you the link at the end.
If you had Mountain Dow here,
as you can see on the little banner,
you can connect to this still and buy fine wine,
believe it or not, on Solana on chain.
It's a fine wine blind box where part of the revenue
is shared back to you based on how much value you provided.
So you can come in here with your Stripe payout or with your wallet.
I really pre-funded my account.
I'm just going to open a bottle here.
You get a bit of drum roll.
For 69 bucks, essentially, you can get $1,000 Mouton Rothschild
if you're lucky.
You see a bit of drum roll.
Let's see which one we get.
We got a Beau Séjour, which is a great Saint-Emilion
for those who are in France and know about their wine.
What's really cool is that you can resell the bottle if you don't want it.
If you want to keep it, that's great.
What's super important is that now this has added to the buy rewards pool, which keeps accruing.
And so depending on the bottles that I hold and the referrals that I do, I get to share that pool asymmetrically.
The whole name of the game for us, we started with blind boxes because that was the initial wedge.
And believe it or not, we've done roughly 20% of the primary volume on blind boxes on Solana,
just in a few sales that we did.
We actually have the second biggest sale ever with MonkeyDAO.
Our next market here is crowdfunding, disrupting the thank you t-shirt of Kickstarter UX with actual upside sharing that can be bounded like you just saw,
unbounded into the future.
Ultimately, where I really want to go is what we call loyalty commerce.
Our American Express points have not been updated in 60 years.
It's an awful experience.
It's closed-loop system based on terms and conditions.
We can do so much better.
That's really where we're going to go down the line.
It is what I call internet capital markets for e-commerce.
I think we're ripe for it.
If you're not going to try to outgrow yourself,
if you scan that QR code,
you can buy yourself an amazing fine wine,
and you get a 15% revenue share boost just for being here today in the crowd.
Thank you so much.
That's pretty cool.
Like a Pokemon for fine wine.
What a closer.
Are you a wine drinker?
Would I want to know?
I have had wine in the past.
I know one thing about wine, and that's that great Pinot Noir is made in Oregon.
It's my one party trick about wine.
And now I know two.
I could get some off Nomo.
Okay. Pretty good. Well, that was
the last one of the day. And
I personally just want to thank Mountain Dow, who's been
building for five years.
There's been many that have tried to replicate what you
have built here. And
nothing has really been like an institution the way
Mountain Dow has been. And I honestly think
the reason why is because you
and Barrett are just wonderful people who really care. I mean, you guys know every single team here and really care
about the people that come here. And thank you so much for building in this ecosystem.
You know, I say it all month and I always preface it by saying this sounds so cheesy,
but it's so true. And it's the people that come that make Mountain Dow what it is, right? I think
it's easy for Barrett and I to get to know people who come to the mountain because they're such interesting people.
They're building incredible things, right?
I mean, today, three tracks, infra, DeFi, capital markets, right, consumer and payments. everything from AI infrastructure that's integrating on chain to traditional finance
products that are, you know, melding the worlds of crypto and TradFi to explosive social products
in, you know, a couple hours. I mean, it's absolutely insane. You know, so Baird and I
and, you know, the whole mountain is so grateful that everybody here, you know, who spends the month with us comes every year.
Everybody at home who's watching today.
So grateful to have you guys be a part of Demo Day today.
This was our first Demo Day.
I was so excited for it.
And I think it still outdid my expectations.
So we, you know, would love to continue working with Solana
to do Demo Day again with Solana
and hopefully see you back here soon.
Let's do it, man.
This is an institution.
Everyone, please give it up for Edgar and Barrett
in the Mounted Out team.
Give it up for you guys.
Unbelievable pitchers today.
Awesome.
Well, I think that wraps it up.
You know, everybody here in person knows that we have some events later today.
Really excited to see you guys there.
I don't think I'll be bringing the lobster claws.
You can have those back.
But definitely excited to hang out.
And I want to say thank you again for everybody who came and watched Demo Day with us.
Take care.
Thank you. everybody who came and watched Demo Day with us. Take care. Thank you.
