ETHSofia · Oct 6, 2026

Viktor Uzunov, co-founder and CEO of UEB3 Ventures and a former trading-floor banker, argues that blockchain is upgrading traditional finance rather than replacing it. He walks through how tokenisation lowers entry barriers through fractional ownership, simplifies legal claims and transfers, and how on-chain markets, Nasdaq's planned move to 23-hour trading and Hyperliquid's daily volumes point to 24/7 finance. He describes banks moving into stablecoins and DeFi, then shows how AI saves him time on morning briefs and revealed that his weekend trades had a much lower win rate. The talk ends with audience questions on stock tokenisation and on-chain mortgages. Keynote at ETHSofia 2026, 24 September 2026, Sofia Tech Park, Sofia. Part of Blockchain Week Bulgaria 2026. Speaker ▸ Viktor Uzunov, CEO, UEB3 Ventures Viktor Uzunov is the co-founder of digital asset fund UEB3 and UAE-based real estate firm Arreat Capital, which specialises in tokenised real estate. Over the past decade he has focused on building institutional-grade infrastructure at the intersection of capital markets, real assets, and digital finance. LinkedIn: https://www.linkedin.com/in/viktor-uzunov-ueb3 X: https://x.com/viktortrades Chapters 00:00 Opening and thanks 01:36 From Wall Street to blockchain 03:00 Easier, cheaper and more transparent access 04:12 US markets now drive crypto 04:45 Legacy settlement vs on-chain finance 06:13 Nasdaq moves towards 23-hour trading 07:23 Tokenisation and fractional access 09:17 Legal claims and transferability 11:09 On-chain stocks and Hyperliquid 13:26 Users want simpler access 14:27 DeFi as part of institutional finance 16:11 Risk management and knowledge 16:39 How AI changes the investor's day 20:42 Know what you own 22:19 Closing thoughts 22:58 Q&A: Is stock tokenisation a layer two? 23:47 Q&A: On-chain mortgages and RWA lending Blockchain Week Bulgaria: https://www.blockchainweek.bg ETHSofia: https://www.ethsofia.com Future Finance Forum: https://www.blockchainweek.bg/f3 Follow Blockchain Week Bulgaria X: https://x.com/BWBulgaria LinkedIn: https://www.linkedin.com/company/blockchain-week-bulgaria Follow ETHSofia X: https://x.com/EthSofiaBG LinkedIn: https://www.linkedin.com/company/ethsofia Telegram: https://t.me/+b-33LJUpAB5iODNk Nothing in this video is financial advice. About the organiser Blockchain Week Bulgaria, ETHSofia and the Future Finance Forum are organised by the Bithope Foundation, founded in 2014 by Vladislav Dramaliev. Inspired by Andreas Antonopoulos, it is Europe's first non-profit operating exclusively with bitcoin donations. Over more than ten years, it has supported 50+ charitable campaigns, and in January 2016 it co-founded the Sofia Crypto Meetup, now the region's longest-running monthly crypto event. https://bithope.org

ETHSofia · Oct 6, 2026

With Marc Zeller (ACI) and Token Brice (Polaris / Pharos). In this fireside chat, Marc Zeller, joining remotely from Tokyo, and TokenBrice reflect on how DeFi has changed since about 2018. After the Aave governance disputes, they ask who owns a protocol's intellectual property, what a token holder actually owns, and why the market now rewards tokens with a claim on revenue and punishes combined equity and token structures. Zeller says his new lending protocol, ACI, will be token only, with its IP in a foundation and revenue controlled by holders, while TokenBrice describes how Polaris issues new tokens only when users burn the collateral token behind its stablecoin. Both criticise DeFi for giving up privacy to court institutions, which Zeller says hold only about $4 billion of Morpho's $12 billion. Fireside Chat at ETHSofia 2026, 24 September 2026, Sofia Tech Park, Sofia. Part of Blockchain Week Bulgaria 2026. Speakers ▸ Marc Zeller, Co-founder, ACI Marc Zeller is co-founder of ACI, a new DeFi lending product launching this year. He co-founded Ethereum France and helped organise the first EthCC in Paris in 2015, then went on to roles at Consensys and Coinhouse, the first French-regulated CASP. In 2019 he joined EthLend to prepare the launch of Aave V1, and in 2022 founded the Aave Chan Initiative, which drove strategy and growth for the Aave DAO for more than three years. LinkedIn: https://www.linkedin.com/in/marczelleraci X: https://x.com/Marczeller ▸ Token Brice, Founder, Polaris / Pharos Liquidity engineer, protocol analyst, and co-founder of The DeFi Collective. TokenBrice has been building in Ethereum DeFi since the early days and now leads Polaris, tackling stablecoin centralisation head-on. X: https://x.com/tokenbrice Chapters 00:00 Introduction 00:18 Setting the scene: two DeFi veterans 02:00 Governance after the death of DAOs 04:37 What does a token holder actually own? 06:26 Equity or token: you cannot play both games 08:29 Marc's next project: token only, no equity 10:46 Polaris: a new token emission mechanism 12:56 Why now: crossing over to the builder side 17:11 Did the institutions deliver? 20:35 Losing the war on privacy 23:13 Audience comment and close 25:01 Closing titles Blockchain Week Bulgaria: https://www.blockchainweek.bg ETHSofia: https://www.ethsofia.com Future Finance Forum: https://www.blockchainweek.bg/f3 Follow Blockchain Week Bulgaria X: https://x.com/BWBulgaria LinkedIn: https://www.linkedin.com/company/blockchain-week-bulgaria Follow ETHSofia X: https://x.com/EthSofiaBG LinkedIn: https://www.linkedin.com/company/ethsofia Telegram: https://t.me/+b-33LJUpAB5iODNk Nothing in this video is financial advice. About the organiser Blockchain Week Bulgaria, ETHSofia and the Future Finance Forum are organised by the Bithope Foundation, founded in 2014 by Vladislav Dramaliev. Inspired by Andreas Antonopoulos, it is Europe's first non-profit operating exclusively with bitcoin donations. Over more than ten years, it has supported 50+ charitable campaigns, and in January 2016 it co-founded the Sofia Crypto Meetup, now the region's longest-running monthly crypto event. https://bithope.org

ETHSofia · Oct 6, 2026

With Candice Teo (Espoir Communications, moderator), Alvaro Garrido Mesa (LegalNode) and Krzysztof Paruch (Token Engineering Labs). What does the law require, and what does the system design require, before institutions put real-world assets on Ethereum at scale? Moderator Candice Teo opens with the state of the market, including Ethereum's roughly $17 billion in tokenised RWAs, then works through failure points with lawyer Alvaro Garrido Mesa and token engineer Krzysztof Paruch. They cover redemption mismatches when a token trades 24/7 but its underlying asset does not, why SPVs sit behind most tokenisation projects, why the legal contract should override the code when the two disagree, and how ERC-3643 handles investor identity, forced transfers and asset recovery without solving liability. In closing, Paruch names explicit governance and accountability as his non-negotiable and Garrido Mesa names jurisdiction, while stablecoins, commodities such as gold and bonds are called production ready. Panel at ETHSofia 2026, 24 September 2026, Sofia Tech Park, Sofia. Part of Blockchain Week Bulgaria 2026. Speakers ▸ Candice Teo, Founder of Espoir Communications (moderator) Candice is an executive PR and communications strategist with 20 years of experience building brands, shaping narratives, and driving thought leadership globally. Since 2017, she has been at the forefront of web3 communications, helming leadership roles for projects spanning DeFi, infrastructure, institutional adoption, and more. LinkedIn: https://www.linkedin.com/in/candicekteo X: https://x.com/candicekteo ▸ Alvaro Garrido Mesa, Partner, LegalNode Recognised as a leading tokenisation legal expert in the EU, Alvaro is the founding partner of Legal Node, a law firm specialised in capital markets and digital assets. He has participated in pivotal legislative initiatives to facilitate the adoption of digital assets. LinkedIn: https://www.linkedin.com/in/alvarogarridomesa ▸ Krzysztof Paruch, CEO, Cryptoeconomist, and Token Engineer Krzysztof “Kris” Paruch is a mathematician, cryptoeconomist, and CEO of Token Engineering Labs. He designs and evaluates tokenised systems, specialising in mechanism design, DeFi, prediction markets, and capital-efficient on-chain finance. LinkedIn: https://www.linkedin.com/in/kris-paruch X: https://x.com/paruch1 Chapters 00:00 Why RWA tokenisation matters 02:15 The RWA market in numbers 05:14 Quickfire: is Ethereum ready for a $10 billion fund? 06:20 The last unresolved problem: redemption and governance 08:22 The most common structural mistake 10:12 SPVs and choosing a jurisdiction 12:07 Who should hold the kill switch? 15:29 Contract over code, and accountable auditors 19:43 ERC-3643 and the liability question 22:07 Satisfying regulators without a single responsible party 24:52 Does regulation contradict DeFi principles? 27:36 Non-negotiables for tokenising a fund 28:33 Production-ready asset classes and closing Blockchain Week Bulgaria: https://www.blockchainweek.bg ETHSofia: https://www.ethsofia.com Future Finance Forum: https://www.blockchainweek.bg/f3 Follow Blockchain Week Bulgaria X: https://x.com/BWBulgaria LinkedIn: https://www.linkedin.com/company/blockchain-week-bulgaria Follow ETHSofia X: https://x.com/EthSofiaBG LinkedIn: https://www.linkedin.com/company/ethsofia Telegram: https://t.me/+b-33LJUpAB5iODNk Nothing in this video is financial advice. About the organiser Blockchain Week Bulgaria, ETHSofia and the Future Finance Forum are organised by the Bithope Foundation, founded in 2014 by Vladislav Dramaliev. Inspired by Andreas Antonopoulos, it is Europe's first non-profit operating exclusively with bitcoin donations. Over more than ten years, it has supported 50+ charitable campaigns, and in January 2016 it co-founded the Sofia Crypto Meetup, now the region's longest-running monthly crypto event. https://bithope.org

ETHSofia · Oct 6, 2026

Maximilian Roszko, business development lead at Curve Finance, traces how crypto set out to create a new form of money but found its strongest use case in bringing existing currencies on-chain, with stablecoins now above $300 billion in circulating supply. He argues that a DeFi built almost entirely on dollars leaves users elsewhere exposed to FX risk, and that the many euro, Swiss franc and Brazilian real stablecoins struggle because on-chain liquidity is expensive. Using examples from Gnosis with Monerium and from Frankencoin, he sets out practical ways issuers can bootstrap FX liquidity: tying pools to real conversion demand, yield-bearing assets, CDPs and stable pools alongside established tokens. Keynote at ETHSofia 2026, 24 September 2026, Sofia Tech Park, Sofia. Part of Blockchain Week Bulgaria 2026. Speaker ▸ Maximilian Roszko, Business Development Lead, Curve Finance Maximilian leads business development at Curve Finance. He works with stablecoin issuers, blockchain networks and other DeFi protocols to build liquidity, develop lending markets and make assets useful across DeFi. LinkedIn: https://www.linkedin.com/in/maxroszko X: https://x.com/MaxRoszko Chapters 00:00 About Curve Finance 00:54 Crypto's original goal: a new form of money 01:56 The rise of stablecoins: from Tether to $300 billion 03:26 Traditional finance copies the model 05:06 A dollar-dominated stablecoin market 05:48 FX risk for users outside the dollar 06:38 Non-dollar stablecoins and the cost of liquidity 09:16 Tying FX liquidity to real demand 10:23 Lending with yield-bearing FX assets 11:24 CDPs as a shortcut to lending use cases 12:57 Piggybacking on existing liquidity with stable pools 13:37 Why FX will be a big part of DeFi 14:24 Closing titles Blockchain Week Bulgaria: https://www.blockchainweek.bg ETHSofia: https://www.ethsofia.com Future Finance Forum: https://www.blockchainweek.bg/f3 Follow Blockchain Week Bulgaria X: https://x.com/BWBulgaria LinkedIn: https://www.linkedin.com/company/blockchain-week-bulgaria Follow ETHSofia X: https://x.com/EthSofiaBG LinkedIn: https://www.linkedin.com/company/ethsofia Telegram: https://t.me/+b-33LJUpAB5iODNk Nothing in this video is financial advice. About the organiser Blockchain Week Bulgaria, ETHSofia and the Future Finance Forum are organised by the Bithope Foundation, founded in 2014 by Vladislav Dramaliev. Inspired by Andreas Antonopoulos, it is Europe's first non-profit operating exclusively with bitcoin donations. Over more than ten years, it has supported 50+ charitable campaigns, and in January 2016 it co-founded the Sofia Crypto Meetup, now the region's longest-running monthly crypto event. https://bithope.org

Mark Richardson

ETHSofia · Oct 6, 2026

Dr. Mark Richardson of Bancor argues that the familiar bonding curve is one of the least helpful ways to describe a decentralised exchange. Starting from a simple discrete order book, he shows how an arithmetic distribution of liquidity lets the realised price be computed as a two-point mean, and how the x times y equals k model is the geometric-mean case of the same idea. Taking the limit to a continuous density function reveals an infinite family of bonding curves, from arithmetic to harmonic, described by a single exponent. He explains how defining DEXes by their exchange rate rather than an invariant removes the domain limits of current concentrated liquidity designs, including access to the arithmetic microstructure common on order book markets. Keynote at ETHSofia 2026, 24 September 2026, Sofia Tech Park, Sofia. Part of Blockchain Week Bulgaria 2026. Speaker ▸ Dr. Mark Richardson, Project Lead, Bancor Mark Bentley Richardson, holding a PhD from the University of Melbourne, redirected his career from research science to DeFi in 2021, now serving as Bancor's Project Lead. Under his guidance, Bancor launched Carbon DeFi, a system that enhances user customization in decentralized exchanges by enabling strategy-specific liquidity utilization. Richardson's leadership emphasizes consistent innovation while maintaining the key principles of decentralization, user safety, and operational simplicity. X: https://x.com/MBRichardson87 Chapters 00:00 Two families of invariant-curve DEXes 01:47 Starting from a discrete order book 04:03 There is no single price of a token 05:01 The two-point arithmetic mean shortcut 07:34 Geometric mean clearing and x times y equals k 09:49 Why AMM bid liquidity sits far from the price 10:49 From order books to continuous density functions 12:10 An infinite family of bonding curves 14:19 Formalising the curves 16:06 Describing a curve purely in prices 17:37 How this fixes concentrated liquidity 19:37 Density functions over curve invariants 20:36 Closing titles Blockchain Week Bulgaria: https://www.blockchainweek.bg ETHSofia: https://www.ethsofia.com Future Finance Forum: https://www.blockchainweek.bg/f3 Follow Blockchain Week Bulgaria X: https://x.com/BWBulgaria LinkedIn: https://www.linkedin.com/company/blockchain-week-bulgaria Follow ETHSofia X: https://x.com/EthSofiaBG LinkedIn: https://www.linkedin.com/company/ethsofia Telegram: https://t.me/+b-33LJUpAB5iODNk Nothing in this video is financial advice. About the organiser Blockchain Week Bulgaria, ETHSofia and the Future Finance Forum are organised by the Bithope Foundation, founded in 2014 by Vladislav Dramaliev. Inspired by Andreas Antonopoulos, it is Europe's first non-profit operating exclusively with bitcoin donations. Over more than ten years, it has supported 50+ charitable campaigns, and in January 2016 it co-founded the Sofia Crypto Meetup, now the region's longest-running monthly crypto event. https://bithope.org

ETHSofia · Oct 6, 2026

Martin Leinweber of MarketVector Indexes draws on index data back to 2015 and more than 2,300 tokens to argue that crypto rewards size, not speculation. The top ten coins hold roughly 90% of market cap, there is no small-cap premium, and a liquid micro-cap basket lost about 19% a year. He shows which coins held up in both bull and bear markets, why privacy is a strong theme, and why DeFi, at 2% of market cap but 65% of on-chain fees, looks mispriced. He expects stablecoins, tokenisation and AI agents to drive a fundamentals-led altcoin cycle, and explains the fees-and-users methodology behind his Token Terminal index. Keynote at Future Finance Forum 2026, 25 September 2026, Sofia. Part of Blockchain Week Bulgaria 2026. Speaker ▸ Martin Leinweber, CFA, Head of Digital Asset Research and Strategy, MarketVector Indexes Martin Leinweber leads digital asset research at MarketVector Indexes, developing index products and institutional research, and serving as the firm's primary voice on crypto markets globally. He brings nearly two decades of portfolio management experience across equities, fixed income, and alternatives. LinkedIn: https://www.linkedin.com/in/martin-leinweber-cfa-7758b012b Chapters 00:00 Introduction 00:19 Twelve years of data on 2,300 tokens 01:03 Crypto is concentrated: the top 10 hold 90% 02:13 No size premium in crypto 03:21 Micro caps: the pump and dump that works on paper 04:26 The most consistent coins in bull and bear markets 06:54 Screening for relative strength: the privacy theme 09:01 What the leaders share: revenue and users 10:02 On-chain fundamentals: DeFi is 2% of cap, 65% of fees 11:19 Stablecoins, tokenisation and AI agents 13:49 The Token Terminal top 10 index 15:45 Prediction: a fundamentals-driven altcoin cycle 17:30 Q&A: The index methodology 19:46 Closing titles Blockchain Week Bulgaria: https://www.blockchainweek.bg ETHSofia: https://www.ethsofia.com Future Finance Forum: https://www.blockchainweek.bg/f3 Follow Blockchain Week Bulgaria X: https://x.com/BWBulgaria LinkedIn: https://www.linkedin.com/company/blockchain-week-bulgaria Follow ETHSofia X: https://x.com/EthSofiaBG LinkedIn: https://www.linkedin.com/company/ethsofia Telegram: https://t.me/+b-33LJUpAB5iODNk Nothing in this video is financial advice. About the organiser Blockchain Week Bulgaria, ETHSofia and the Future Finance Forum are organised by the Bithope Foundation, founded in 2014 by Vladislav Dramaliev. Inspired by Andreas Antonopoulos, it is Europe's first non-profit operating exclusively with bitcoin donations. Over more than ten years, it has supported 50+ charitable campaigns, and in January 2016 it co-founded the Sofia Crypto Meetup, now the region's longest-running monthly crypto event. https://bithope.org

ETHGlobal · Sep 9, 2026

Alex McFarlane, CEO of Keyring Network, introduces a disciplined risk methodology for tokenised assets in DeFi by drawing on lessons from clearing houses, bank regulation, derivatives, and past financial failures. He explains why credentials, ratings, historical performance, and apparently robust models cannot substitute for independent controls. Examples including AIG, Long-Term Capital Management, Lehman Brothers, and fragile clearing assumptions show how incentives, concentration, and model error can turn accepted practices into systemic risk. He traces the modern clearing framework through the Bank for International Settlements and standardized initial margin models, then asks which lessons should transfer to permissionless markets. Historical institutions accumulated rules after repeated crises, but rules can fail when the people setting ratings, collateral assumptions, or insurance prices benefit from optimistic outcomes. McFarlane uses these examples to show why transparency alone does not remove conflicts. A protocol can publish every parameter and still be unsafe if its governance process rewards the wrong behavior. McFarlane focuses on practical safeguards for DeFi lending and tokenized markets: separate parameter setting from commercial pressure, test models outside the data used to calibrate them, examine tail events, and run transparent scenario analysis. He warns that insiders, issuers, or large counterparties may push for higher loan-to-value ratios that benefit them while shifting risk to a protocol. The takeaway is a governance-first approach in which assumptions are challenged, conflicts are visible, and risk parameters are designed for unfamiliar market conditions, not merely optimized to explain the past. The methodology emphasizes independent validation, robust data, and explicit limits on who can influence risk settings. Models should be calibrated on one period and challenged against separate market conditions. McFarlane cites scenario analysis around FTX, a major counterparty collapse, and shocks to DeFi rates, while arguing that macro stress such as a global financial crisis or private-credit selloff deserves more attention. 00:00 Introduction and Risk Quant Background 00:40 DeFi Lending as Automated Clearing 01:31 How Lending Risk Parameters Are Set 02:52 Three Centuries of Clearing Houses 03:28 BIS and Standard Initial Margin Models 04:06 Setting Haircuts for Different Assets 04:23 Applying TradFi Models to Tokenized Assets 04:44 When Risk Takers Mark Their Own Work 05:13 AIG, Lehman, and Financial Failures 05:36 How Clearing Houses Managed Lehman 06:07 Silicon Valley Bank and DeFi Stress 06:39 The Clearing House Default Waterfall 07:38 How Aave Followed the BIS Model 07:56 Fragility, Robustness, and Tail Events 08:18 The Meaning of Antifragility 09:18 Evaluating Proprietary Risk Models 09:42 Why Track Record Is Not Proof 10:08 Long-Term Capital Management Failure 10:48 Independent Validation After 2008 11:38 Monte Carlo Models and In-Sample Data 12:27 Testing Models on Unseen Conditions 12:53 Verify Instead of Trusting Models 14:10 Questions Before Depositing in DeFi 15:15 Commercial Pressure on LTV Settings 16:14 High LTVs and Counterparty Conflicts 16:52 Why Independent Parameters Matter 17:39 Conflicts From Skin in the Game 17:57 Scenario Analysis for Protocol Failures 18:24 Macro Risk and Private Credit Stress 19:07 Open Risk Methodology for Tokenized Assets 19:59 Closing Thanks and Takeaways _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *Pragma Lisbon 2026* Pragma Lisbon 2026 was held on June 25th at the Carlos Lopes Pavillion in Lisbon, Portugal and was an in-person summit for builders and leaders in the web3 ecosystem. Watch the full Pragma Lisbon 2026 YouTube Playlist here: https://www.youtube.com/playlist?list=PLMxB4xW8JYdk ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Follow Alex McFarlane X: https://x.com/flipdazed ✅ Follow Keyring Network X: https://x.com/KeyringNetwork ✅ Follow ETHGlobal X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/@UCfF9ZO8Ug4xk_AJd4aeT5HA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Are you interested in Ethereum development and entrepreneurship? 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city

ETHGlobal · Sep 9, 2026

Angelo Min, CEO of Lighthouse, describes the “ontology gap” that appears when raw onchain data is mistaken for an understandable picture of an asset. A wallet may show token balances, names, icons, and prices, yet still conceal the chain of vaults, curators, lending markets, collateral, and counterparties behind a position. For asset managers and risk teams, those missing relationships determine what the investment actually is, how it behaves, where risk accumulates, and how quickly liquidity can be accessed. Using a portfolio example, Min shows how an ERC-20 balance can represent a claim on a Morpho vault curated by another organization, which then supplies capital to lending markets backed by separate collateral. Each layer changes the economic exposure. A token label cannot reveal who controls the vault, its exit conditions, pricing inputs, underlying fees, collateral exposure, or the behavior of the underlying strategy. Without a shared model for those relationships, analysts repeatedly reconstruct the same context and may still reach inconsistent conclusions. Min separates the problem into taxonomy, agreeing on what an entity is, and ontology, mapping how protocols, assets, contracts, and service providers relate to one another. Even a shared taxonomy is not enough unless the resulting information can be collected, maintained, and applied to a concrete asset-management or due-diligence task. He argues that a new generation of knowledge-graph products can combine onchain records with structured context, making complex DeFi positions legible. The outcome is better collaboration, more reliable analysis, and infrastructure capable of supporting asset-management decisions. He proposes data systems that answer three connected questions: what an entity is, how it works, and how it should be used for a specific task. Taxonomy supplies consistent categories, ontology maps dependencies and relationships, and applications turn that structure into research, due diligence, portfolio monitoring, and action. Min points to existing crypto data products as partial building blocks, then argues that a new generation should unite taxonomy, ontology, and usable applications for asset managers and agents. 00:00 Introduction and Lighthouse Background 00:32 Onchain Data for Asset Managers 01:04 A Four-Million-Dollar Deposit Story 01:48 Nameless Tokens in Etherscan 02:14 Why Token Labels Are Not Enough 03:04 Interpreting Tokens as Vault Positions 03:47 What DeFi Interfaces Still Hide 04:16 Mapping a Morpho Vault Knowledge Graph 04:43 Risk Lives Between Connected Entities 05:07 XUSD Losses Socialized Across Depositors 05:34 Depositing After a Protocol Collapse 06:06 Turning Onchain Data Into Meaning 06:48 Taxonomy, Ontology, and Actionable Data 07:36 Comparing Two Similar Vaults 07:56 Different Strategies Behind One Label 08:42 Liquidity and Redemption Differences 09:03 The Cost of Rebuilding Context 09:49 Lessons From TradFi Taxonomy 10:31 Why Taxonomy Alone Is Insufficient 11:21 Mapping Financial Relationships 13:10 Existing Crypto Data Products 14:49 A New Generation of Knowledge Graphs 15:14 Lighthouse for Onchain Asset Managers 16:08 Tracking Customer Assets in One App 17:02 Closing the Onchain Ontology Gap _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *Pragma Lisbon 2026* Pragma Lisbon 2026 was held on June 25th at the Carlos Lopes Pavillion in Lisbon, Portugal and was an in-person summit for builders and leaders in the web3 ecosystem. Watch the full Pragma Lisbon 2026 YouTube Playlist here: https://www.youtube.com/playlist?list=PLMxB4xW8JYdk ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Follow Angelo Min X: https://x.com/angelomint ✅ Follow Lighthouse X: https://x.com/LighthouseOne_ ✅ Follow ETHGlobal X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/@UCfF9ZO8Ug4xk_AJd4aeT5HA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Are you interested in Ethereum development and entrepreneurship? 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city

ETHGlobal · Sep 9, 2026

Marc Tillement, Director at Pyth Network, explains how market data became a concentrated, roughly $50 billion industry and why open infrastructure can make prices more accessible. Traditional exchanges earn substantial revenue selling data that trading firms themselves help create, leaving applications to pay high recurring fees for fragmented feeds. Pyth reverses that model by enabling trading firms and other first-party sources to contribute prices directly to a network that can publish them across crypto and traditional-asset markets. Tillement describes a market structure in which exchanges sell expensive feeds back to the firms and applications that depend on them. A small group of vendors captures most industry revenue, applications face expensive and fragmented access, and global products must integrate different sources for equities, commodities, foreign exchange, and crypto. Pyth recruits trading firms that generate prices through their own activity and lets them publish those observations directly, creating a first-party model rather than purchasing and reselling one consolidated feed. Tillement describes how lower-cost, high-frequency data supports trading venues, DeFi protocols, fintech applications, prediction markets, and derivatives. The network emphasizes publisher quality, broad asset coverage, and products that can serve customers who previously relied on several vendors. New feeds include international equities and specialized datasets that are difficult to reconstruct from public information. He argues that continuous, global price access is part of finance’s shift toward 24/7 markets: reliable data reduces application costs, expands the assets developers can offer, and helps both onchain and offchain products settle against a common view of value. Trust comes from the quality, diversity, and track record of publishers, plus the economic activity secured by the network. Pyth initially concentrated on trading because continuous markets generate large volumes and require timely settlement data. The network is expanding into Asian equities, indices, and specialized feeds while also introducing products for customers that need datasets Pyth cannot produce itself. 00:00 Introduction to Pyth Market Data 00:48 Why the Market Data Industry Can Change 01:44 The Cost of Traditional Market Data 02:10 A Fifty-Billion-Dollar Industry 02:42 Why Pyth Redesigned Market Data 03:26 Always-On and Programmable Prices 04:01 Pyth as Spotify for Financial Data 04:57 Trading Firms Publish First-Party Prices 05:39 Three Thousand Assets in One Network 06:16 One API Across Global Asset Classes 06:57 Equity Data for Onchain Applications 07:39 Cutting Fintech Data Costs 08:22 Exclusive Data From Trading Firms 08:59 Cryptographic Proof for Every Feed 09:30 Why Pyth Focused on Trading 10:15 Fast Data for Equity Trading 11:28 Attracting Institutional Publishers 12:31 Pyth Pro and Expanding Data Coverage 12:56 Launching Asian Equity Feeds 13:37 Third-Party Data Through One API 14:09 Pyth Indices for Onchain Markets 14:38 A Full-Service Market Data Platform 15:54 Prediction Markets and Derivatives 16:46 Growth Beyond Crypto Price Feeds 17:58 Always-On Markets Without Holidays 18:21 Commodity, Equity, and FX Indices 19:54 Closing Vision for Accessible Prices _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *Pragma Lisbon 2026* Pragma Lisbon 2026 was held on June 25th at the Carlos Lopes Pavillion in Lisbon, Portugal and was an in-person summit for builders and leaders in the web3 ecosystem. Watch the full Pragma Lisbon 2026 YouTube Playlist here: https://www.youtube.com/playlist?list=PLMxB4xW8JYdk ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Follow Marc Tillement X: https://x.com/KemarTiti ✅ Follow Pyth Network X: https://x.com/PythNetwork ✅ Follow ETHGlobal X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/@UCfF9ZO8Ug4xk_AJd4aeT5HA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Are you interested in Ethereum development and entrepreneurship? 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city

Julien Bouteloup, Kartik Talwar

ETHGlobal · Sep 9, 2026

In this fireside chat, Stake Capital CEO Julien Bouteloup and ETHGlobal Co-Founder and CEO Kartik Talwar examine how DeFi must change as institutions pursue onchain yield. Bouteloup argues that large financial firms are motivated by profit, market share, and access to new customers more than decentralization narratives. Adoption therefore depends on products that satisfy institutional requirements for confidentiality, risk controls, insurance, and predictable execution while still using open networks. The conversation also contrasts innovation incentives in the United States, Europe, and state-led markets. Bouteloup argues that the institutional narrative must begin with incentives. Banks and asset managers will use decentralized infrastructure when it lowers costs, increases margins, opens markets, or creates differentiated products. Public transparency may help, but it can also expose positions and trading intent. Privacy, KYC, AML, isolated liquidity, insurance, and compliance controls therefore become product requirements rather than compromises added after adoption. They distinguish sustainable “real yield” from temporary token incentives and discuss how higher risk-free rates reset investor expectations. A DeFi product offering seven percent may no longer compensate users for smart-contract, liquidity, or counterparty risk; differentiated strategies may need privacy, exotic yield, or stronger protection. Extremely high returns can exist during ecosystem subsidy cycles, but scalability and durability remain uncertain. For builders, the advice is to solve a specific problem, create something genuinely different, and prioritize distribution. Institutional capital will not arrive simply because infrastructure is onchain, it will follow products that deliver clear value with credible risk management. The yield discussion separates returns generated by real economic activity from emissions funded to attract temporary liquidity. Higher government rates create a baseline, so DeFi strategies must justify each additional layer of smart-contract, counterparty, liquidity, and product risk. Bouteloup sees opportunity in specialized or exotic yield, but warns that headline returns do not automatically scale to institutional ticket sizes. 00:00 Introduction to the DeFi Fireside Chat 00:25 Seven Years of DeFi Experience 01:11 How DeFi Has Evolved 02:01 TradFi Uses the Tools DeFi Built 02:39 What Institutions Actually Want 03:11 Profit, Market Share, and Customers 04:27 US Distribution Versus European Rules 05:35 State-Led Innovation in Asia 07:45 The Maturing DeFi Protocol Layer 08:22 Risk Moves Into Products and Strategies 08:54 Robinhood Yield Built on Morpho 09:31 Insurance, Privacy, and Confidentiality 10:36 Private Versions of Existing Protocols 11:02 Choosing Different Levels of Privacy 11:26 Private Yield Through Existing Liquidity 12:21 KYC, AML, and Isolated Liquidity 12:59 Is Seven Percent Yield Sustainable 13:19 Real Yield From Lending and Borrowing 14:26 Exotic Yield and Higher Risk 15:13 Pricing Risk Above the Baseline Rate 16:28 Better Yield and UX for End Users 17:02 Can Forty to Eighty Percent Scale 17:37 Ecosystem Incentives and Liquidity 18:32 Consolidation Across Major Chains 19:13 Advice for New DeFi Builders 20:19 Distribution and Proprietary Data 20:45 Build Products That Solve Real Problems 21:27 Closing Advice and Final Thanks _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *Pragma Lisbon 2026* Pragma Lisbon 2026 was held on June 25th at the Carlos Lopes Pavillion in Lisbon, Portugal and was an in-person summit for builders and leaders in the web3 ecosystem. Watch the full Pragma Lisbon 2026 YouTube Playlist here: https://www.youtube.com/playlist?list=PLMxB4xW8JYdk ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Follow Kartik Talwar X: https://x.com/TheRealKartik ✅ Follow ETHGlobal X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/@UCfF9ZO8Ug4xk_AJd4aeT5HA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Are you interested in Ethereum development and entrepreneurship? 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city

Kartik Talwar

ETHGlobal · Sep 9, 2026

Kartik Talwar opens Pragma Lisbon 2026 by explaining ETHGlobal’s two complementary formats: global hackathons for builders and focused Pragma summits for broader, forward-looking discussion. He describes Pragma as a single-day, single-track gathering built around executive speakers, accessible themes, and practical lessons rather than highly technical presentations. Kartik also shares the event’s scale, 330 attendees from 34 countries, and thanks the nine partners supporting the program. He explains why the name Pragma reflects a call toward pragmatism rather than the beginning of a developer journey. The program is intentionally designed so attendees do not need deep protocol knowledge to follow the strategic questions. Instead, founders and operators can compare lessons from the ecosystem, identify opportunities, and consider how earlier experiments can inform a more productive future. The event combines three fireside chats with eleven presentations in one continuous track. He previews the day’s 14 sessions, spanning institutional finance, tokenized-asset risk, onchain retail banking, data and accounting infrastructure, crosschain composability, liquidity efficiency, market data, ENS identity, smart-contract development, AI-agent payments, and the future of DeFi. The introduction gives attendees a map of the program and connects each talk to a larger question: how Ethereum can turn lessons from its past into safer products, stronger institutions, and more useful onchain experiences. The preview connects named speakers and projects to the day’s agenda. Marius Smith covers an institutional front door for Ethereum, Alex McFarlane addresses tokenized-asset risk, Joao Alves discusses onchain retail banking, and Angelo Min examines reliable onchain data. Later sessions cover the Ethereum Economic Zone, 1inch Aqua, Pyth market data, ENS identity, WalletConnect payments, Plank smart contracts, Frames agent payments, DeFi yield, and community building. Kartik closes by directing attendees to the full schedule and welcoming the first speaker. 00:00 Introduction and Pragma Lisbon Welcome 00:31 ETHGlobal Hackathons and Summits 00:47 Why the Event Is Called Pragma 01:11 Single-Day and Single-Track Format 01:26 Executive Speakers and Future Themes 02:06 An Accessible Program for Attendees 02:24 Three Fireside Chats and Eleven Talks 02:41 Attendees From Thirty-Four Countries 02:57 Recognizing the Nine Event Partners 03:15 Ethereum Institutional Finance Preview 03:32 DeFi Evolution and Institutional Risk 03:49 Tokenized Assets and Retail Banking 04:14 Onchain Data and Accounting Topics 04:36 Traditional Finance Fireside Preview 04:58 Ethereum Economic Zone and 1inch Aqua 05:17 Pyth Market Data and ENS Identity 05:39 WalletConnect Payments and Plank EVM 06:06 Agent Payments and DeFi Yield 06:25 Community Podcast and Final Agenda 06:43 Opening the First Pragma Talk _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *Pragma Lisbon 2026* Pragma Lisbon 2026 was held on June 25th at the Carlos Lopes Pavillion in Lisbon, Portugal and was an in-person summit for builders and leaders in the web3 ecosystem. Watch the full Pragma Lisbon 2026 YouTube Playlist here: https://www.youtube.com/playlist?list=PLMxB4xW8JYdk ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Follow Kartik Talwar X: https://x.com/kartiktalwar ✅ Follow ETHGlobal X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/@UCfF9ZO8Ug4xk_AJd4aeT5HA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Are you interested in Ethereum development and entrepreneurship? 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city

Holly Atkinson

ETHGlobal · Sep 9, 2026

Holly Atkinson, CPTO at 1inch, examines DeFi’s idle-liquidity problem and introduces 1inch Aqua as a shared-liquidity architecture. Concentrated-liquidity positions can leave large portions of capital outside the active trading range, with individual liquidity providers suffering most when positions are not continuously managed. Aqua lets a wallet’s token balance support multiple configurable strategies at once, creating a multiplier effect without moving funds into separate protocol contracts for every position. Atkinson explains why concentrated liquidity improved market efficiency while creating a management burden. Capital earns fees only when the market trades inside a selected range, so an apparently large position may be mostly inactive. Automated managers can rebalance, but individual LPs often leave positions untouched and bear a disproportionate share of idle capital. Aqua changes the accounting model by allowing strategies to reference tokens in a wallet instead of requiring every strategy to hold a separate balance. Liquidity providers can define ranges, spreads, decay rules, fees, and swap types, then create or cancel positions in a single transaction. Tokens remain in the user’s wallet under a revocable allowance; when the wallet lacks sufficient balance, fills stop and resume after it is replenished. Verified 1inch counterparties execute swaps, while fees remain attributable to each position. Atkinson presents the system as programmable, reusable liquidity rather than passive locked capital and invites developers to test the Aqua app, documentation, and open protocol. The promise is greater capital efficiency, more strategy flexibility, and more chances for LPs to earn fees from the same assets. A user can authorize a token once per chain, allocate the same available balance across several strategies, and set independent pricing or fee logic for each. The wallet balance acts as a hard cap, so strategies stop filling rather than creating an unsecured obligation. Verified resolvers execute swaps, while the LP retains control over allowances and can revoke access. Atkinson encourages developers to treat Aqua as infrastructure for new market-making applications, not only as a 1inch interface. 00:00 Introduction to Idle DeFi Liquidity 00:42 Dune Research on Capital Efficiency 01:13 The Scale of Underutilized Liquidity 01:48 Why Individual LPs Lose More 02:27 Introducing 1inch Aqua 03:03 Wallet Balances and Shared Strategies 03:37 Configurable Ranges, Spreads, and Fees 04:18 Shipping Positions Through 1inch Routing 04:50 Verified Resolvers Execute Swaps 05:22 Atomic Fees and More Swap Activity 05:54 Creating and Cancelling Positions 06:23 Self-Custody and Fee-Sniping Protection 07:00 Verifiable Strategy Configurations 07:39 Wallet Balances Cap Protocol Exposure 08:14 Compliance, Audits, and Resolver Controls 08:45 Aqua Risks and the Wallet-Pool Model 09:17 Liquidity Reuse Across Many Positions 09:52 Early Access for Hackathon Builders 10:55 Aqua App and Developer Documentation 11:30 The Three-Part Aqua Architecture 11:57 Virtual Balances and Token Movement 12:22 Building Custom Aqua Applications 12:52 Immutable Parameters and Swap Logic 13:21 Closing Invitation for Feedback _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *Pragma Lisbon 2026* Pragma Lisbon 2026 was held on June 25th at the Carlos Lopes Pavillion in Lisbon, Portugal and was an in-person summit for builders and leaders in the web3 ecosystem. Watch the full Pragma Lisbon 2026 YouTube Playlist here: https://www.youtube.com/playlist?list=PLMxB4xW8JYdk ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Follow Holly Atkinson X: https://x.com/holdoesdev ✅ Follow 1inch X: https://x.com/1inch ✅ Follow ETHGlobal X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/@UCfF9ZO8Ug4xk_AJd4aeT5HA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Are you interested in Ethereum development and entrepreneurship? 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city

ETHGlobal · Sep 9, 2026

Joao Alves, Co-Founder of Bleap, explains what it takes to build a retail bank onchain and why blockchain infrastructure can improve both product speed and global availability. He highlights permissionless deployment, global reach, direct settlement, and composability with existing DeFi building blocks. Compared with a traditional bank’s web of providers and proprietary APIs, an onchain product can combine wallets, swaps, yield, and payments more quickly, while still choosing carefully between custodial and unhosted architectures. Alves grounds the comparison in product decisions made while building Bleap. An unhosted wallet can reduce intermediary risk and connect to DeFi protocols directly, but the team still must solve account recovery, regulatory controls, card integration, fiat access, and support. Custodial systems can simplify some interactions while creating a different operational and trust model. He argues that builders should choose architecture based on the customer experience they want to deliver rather than treating custody as an ideological decision. Alves also examines the obstacles that determine whether these benefits reach everyday users. Fiat onramps, card top-up fees, fragmented liquidity, poor user experience, regulatory obligations, and thin markets for tokenized assets can erase the advantages of the underlying technology. He points to stablecoins and cross-border transfers as a strong near-term use case: payments that currently cost two to three percent and take a day can settle in seconds. The broader opportunity is to deliver familiar, low-friction banking products while letting users benefit from programmable assets and open financial infrastructure. He evaluates savings, payments, remittances, cards, and tokenized investments through a retail lens. Consumers will not accept paying two percent every time they add money, managing gas across several chains, or understanding bridges and chain mechanics. Stablecoins are valuable when the product hides those mechanics and delivers a clear improvement over existing services. Cross-border transfers between Portugal and Brazil illustrate the opportunity, while weekend pricing for tokenized stocks illustrates what still needs work. 00:00 Introduction to Retail Banking Onchain 00:28 Joao Alves and the Bleap Product 01:27 Global Expansion for Financial Apps 02:01 Noncustodial Deployment Advantages 02:23 Composability With DeFi Building Blocks 02:46 Open Finance Versus Vendor Contracts 03:16 Onchain Network Effects 04:03 Savings, Investing, and Payments Onchain 04:57 Custodial Versus Noncustodial Design 05:48 Regulatory Benefits of Unhosted Wallets 06:05 Efficient Settlement and Treasury Flows 06:28 Connecting Wallets to Swaps and Yield 06:42 Do Not Outsource Complexity to Users 07:05 Keys, Recovery, and Crypto Jargon 07:32 Hiding Chains, Gas, and Slippage 08:00 Account Abstraction and Paymasters 08:23 The Fiat Onramp Experience 08:41 Why Retail Users Reject Top-Up Fees 09:03 Bleap OTC and Stablecoin Conversion 09:23 Moving Beyond Tab-Based Wallet UX 10:10 Retail Banking Opportunities 10:33 DeFi Yield for Bank Deposits 11:17 Retail Demand for Better Savings Rates 12:03 Stablecoin Currency Coverage Gaps 12:41 The Instant Remittance Opportunity 13:09 Portugal and Brazil Transfer Costs 14:17 Tokenized Stocks and Global Markets 15:08 Licensing and Liquidity Barriers 15:50 Instant Merchant Payments 17:02 Blockchain Versus Card Networks 17:29 Closing Vision for Onchain Banking _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *Pragma Lisbon 2026* Pragma Lisbon 2026 was held on June 25th at the Carlos Lopes Pavillion in Lisbon, Portugal and was an in-person summit for builders and leaders in the web3 ecosystem. Watch the full Pragma Lisbon 2026 YouTube Playlist here: https://www.youtube.com/playlist?list=PLMxB4xW8JYdk ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Follow Joao Alves X: https://x.com/JoaoAlvesDotETH ✅ Follow Bleap X: https://x.com/BleapApp ✅ Follow ETHGlobal X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/@UCfF9ZO8Ug4xk_AJd4aeT5HA _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Are you interested in Ethereum development and entrepreneurship? 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city

ETHGlobal · Aug 9, 2026

In this workshop at ETHGlobal New York 2026, Kim Luu and Eric Tesenair from Dynamic set hackers up for the weekend, introducing the team, the product, the prize tracks, hacker resources, and a live demo of the newest product, Fireblocks Flow. Kim, who recently joined Dynamic and Fireblocks in developer relations, explains that Dynamic was acquired by Fireblocks last October, so building with Dynamic means building on infrastructure backed by Fireblocks, through which about 15% of all global crypto and stablecoin transactions are secured and moved, giving projects real security and trust from the start, with customers like Kraken and Flutterwave. At its core, Dynamic provides non-custodial wallet infrastructure that scales, handling login, wallets, signing, and on-chain UX so builders integrate once and go straight to building, covering over 100 chains and 800+ wallets across EVM and non-EVM chains like Solana, Bitcoin, Sui, and Flow. Kim points to dynamic.xyz/docs and a hacker cheat sheet as the home base, stressing the one-click MCP install that drops Dynamic's docs into AI assistants like Cursor, Claude Code, and Codex so they write accurate code. She walks through around $10,000 in prizes across five tracks: best use of Flow ($3,000), best agent build, best on-chain app, best wallet glow up (the continuity track), and a best private nano payments app built jointly with Unlink and Arc using Circle. Eric then demos Fireblocks Flow, whose pitch is accept any crypto, settle in any stablecoin, with one SDK, using DeFi protocols (via LiFi under the hood) rather than acting as liquidity provider. He walks through three nearly identical flows: a merchant checkout (buying a 10-cent backstage pass, paying in ETH on Base settling to USDC), a deposit flow for apps like prediction markets or games, and a more complex withdrawal flow using Dynamic's embedded wallet product, connecting external wallets and exchanges like Kraken via native wallet providers. He shows both the SDK and API integration paths (create checkout, add transaction and buyer source with watchlist checks, get a quote, sign and broadcast, await settlement via webhooks), notes Flow supports most EVM chains plus Solana, Tron, and Bitcoin, and closes with Q&A on testnet limitations and building stablecoin-backed cards with providers like Rain. 00:00 Introduction 00:11 Welcome to the Dynamic Workshop 00:39 The Plan for the Session 01:05 Meet the Dynamic Team 01:47 Acquired by Fireblocks 02:12 The Fintechs and Enterprises That Trust Dynamic 02:30 What Is Dynamic 02:42 Before and After Dynamic 03:07 Over 100 Chains and 800 Wallets 03:33 Your Home Base: The Docs and Cheat Sheet 03:54 Why to Install the MCP for Your Agent 04:22 The Prize Tracks and $10,000 in Prizes 04:47 Best Agent Build and On-Chain App 05:08 Best Wallet Glow Up and Nano Payments 05:38 What Fireblocks Flow Is 06:33 Handing Off to Eric for the Demo 06:40 Setting Up the Flow Demo 07:11 Why You Might Want to Use Your Meme Coins 07:33 The Three Flows Explained 08:49 The Checkout Flow 09:12 Connecting Wallets and Exchanges 10:04 How the Conversion Works Under the Hood 10:43 Integrating With the SDK 12:09 Integrating With the API 12:29 Webhooks and Out-of-the-Box Wallet Lists 12:48 The Deposit Flow 14:06 The Withdrawal Flow With Embedded Wallets 14:55 Why You Need an Embedded Wallet 15:35 Q&A: Which Chains Flow Supports 16:10 Q&A: Testing on Testnets 16:38 Q&A: Building Stablecoin-Backed Cards 18:44 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHGlobal New York 2026* This workshop is specifically for ETHGlobal New York 2026, a 3-day hackathon held June 12-14 at the Metropolitan Pavilion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal New York 2026 playlist here: https://www.youtube.com/playlist?list=PLXzKMXK2aHh7MZ8T-ict6YshkFDw9WJCu _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Aug 9, 2026

In this workshop at ETHGlobal New York 2026, Leonardo Cascianelli from LI.FI introduces Composer, the project LI.FI is sponsoring for the hackathon, and walks through its interaction pattern. Composer is essentially a compiler that lets you execute complex DeFi strategies in one atomic transaction. You define a declarative flow in JSON (a simple embedded DSL), and Composer transforms it into something executable with one click on chain, pre-simulating everything so you learn your expected outputs, gas usage, and whether the transaction will fail. He motivates it with a common pain point: wanting to chain a swap, a vault deposit, and a stake or restake often ships as multiple transactions needing a coordinator to feed each output into the next. People try to solve this with multicall, but multicall does not give real data flow (you must hardcode intermediary values), so it is flaky. Composer instead defines the whole flow in one spot and passes intermediate values through automatically. Leo walks through a simple flow performing a swap and a zap (staking into a vault) using the TypeScript SDK, though any language that produces JSON works. He explains declaring inputs (like wrapped ETH as an ERC-20 resource via direct deposit from an EOA), the nodes that transform resources (swap WETH to USDC, then zap USDC to staked USDC), and optional guards that set minimum amounts. He covers the account model, where each signer (EOA, safe, or smart wallet) gets a dedicated auto-deployed user proxy that isolates approvals, with execution via delegate call to LI.FI's on-chain virtual machine. He details the simple API surface (the /compose endpoint plus manifest and zaps metadata routes, authenticated with an API key from the LI.FI portal), whose response returns the transaction to send yourself, required approvals, and dangling output resources. For the hackathon he previews new operations on a dedicated ETHGlobal deployment, including a cross-venue migration demo (moving an Aave position to Morpho in one flow) where flash loan complexity is abstracted away via materializers, supporting Aave V3, Balancer V2, Morpho, and ERC-3156 flash loan providers. He points agents to an llms.txt file and a repo of 30+ examples, invites AI, UX, and dev tooling builds, and closes with Q&A on targeting any smart contract, chain availability, and third-party contract whitelisting. 00:00 Introduction 00:11 Meet Leo and Composer 00:42 How the Declarative JSON Flow Works 00:58 Pre-Simulating Outputs, Gas, and Failures 01:08 The Multi-Transaction Pain Point 01:36 Why Multicall Falls Short 02:03 The JSON Specification and Embedded DSL 02:30 A Simple Swap and Zap Flow 02:50 Declaring Your Inputs 03:18 The Nodes That Transform Resources 03:42 Using Guards for Minimum Amounts 04:04 The User Proxy Account Model 04:27 Execution via Delegate Call 04:37 The API Surface and Endpoints 04:51 Authentication and the API Key 05:21 What the Compilation Response Returns 05:41 Exposing Dangling Resources 05:53 New Operations for the Hackathon 06:11 The Cross-Venue Migration Demo 06:49 Abstracting Flash Loans With Materializers 07:09 The Three Beats of a Migration 07:30 The Preview Deployment and Supported Protocols 07:56 Pointing Your Agents to llms.txt 08:22 The Repo of 30+ Examples 08:44 What You Can Build With Composer 09:19 Q&A: Targeting Any Smart Contract 11:01 Q&A: Partners and Chain Availability 11:39 Q&A: Third-Party Contract Whitelisting 12:00 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHGlobal New York 2026* This workshop is specifically for ETHGlobal New York 2026, a 3-day hackathon held June 12-14 at the Metropolitan Pavilion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal New York 2026 playlist here: https://www.youtube.com/playlist?list=PLXzKMXK2aHh7MZ8T-ict6YshkFDw9WJCu _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Aug 9, 2026

In this workshop at ETHGlobal New York 2026, Tanner Moore, a technical account manager at 1inch, presents reimagining the AMM with 1inch Aqua, covering the current DEX landscape and its assumptions, what Aqua is and how it reimagines the AMM, extending beyond AMMs, and the benefits for LPs, traders, and builders. He starts with the classic example: Bob the liquidity provider deposits ETH and USDC into a Uniswap V2 pool, then Alice trades against that liquidity and Bob earns fees. But with many AMMs and LPs, the ecosystem grows fragmented. 1inch solved the trader side long ago with its aggregator, keeping Alice's experience simple, but fragmentation only accelerated behind the scenes, with endless reimplementation of custody, accounting, and settlement. From the LP's perspective, choosing where to deposit is painful, participation has high opportunity cost (locking funds in one AMM forfeits other yields and often DAO governance), moving funds is high-friction and security-intensive, and new projects keep incentivizing more fragmentation. Tanner explains Aqua's core question: can you get the AMM experience without an AMM holding funds in the middle? In Aqua, liquidity stays in the LP's own wallet, unbound to any strategy, so Bob can sell, send, or reuse his tokens freely while settlement stays atomic and feels identical to a normal swap for Alice. The architecture has three parts: the Aqua router (a simple 80-line contract handling LP registration, balances, and swap settlement), Aqua applications (swap logic like constant product, concentrated liquidity, and stable swap), and strategies (the accounting of an LP's commitments). He walks through the on-chain flow where Bob permits the router and calls a ship function, an indexer picks up his commitment, and a trader's quote pulls from Bob's wallet on verification. Benefits include selling committed tokens anytime, keeping governance voting power, and reusing the same tokens across strategies so $4,000 of real liquidity becomes $6,000 of effective liquidity. He introduces SwapVM, a virtual machine inside the EVM that abstracts AMM design into building-block op codes (price curves, taker restrictions, fees, decay functions), extensible with external calls or custom op codes. He notes Aqua extends beyond AMMs to prediction markets, privacy pools, and flash loans, shares the market impact for LPs, users, and builders, and closes with bounties ($5,000 for new Aqua apps, $2,000 for extending existing ones) and Q&A. 00:00 Introduction 00:11 What the Talk Will Cover 00:44 The Classic LP Example With Bob 01:24 How a Trader Swaps Against the Pool 01:41 Why the Ecosystem Gets Fragmented 01:52 How 1inch Solved the Trader Side 02:33 Why Fragmentation Only Accelerated 02:51 LP Drawback: Choosing Where to Deposit 03:09 The High Opportunity Cost of Participation 03:28 Losing Access to Governance 03:50 Why Moving Funds Is High Friction 04:24 How New Projects Incentivize Fragmentation 04:50 The Problem With Funds in the Middle 05:13 The Question Behind Aqua 05:36 How Liquidity Stays in the LP Wallet 06:11 The Three Parts of Aqua's Architecture 06:21 The Aqua Router 07:07 Aqua Applications 07:27 Aqua Strategies 07:50 Walking Through the On-Chain Flow 08:46 How the Commitment Is Indexed 09:04 How a Trader Pulls From Bob's Wallet 10:19 Reusing Tokens Across Strategies 10:40 Turning $4,000 Into $6,000 of Liquidity 11:31 Handling Pressure on the Same LP 12:10 Beyond Constant Product: Introducing SwapVM 12:58 SwapVM as Building Blocks for Swaps 13:35 Solidity vs SwapVM Side by Side 14:56 Aqua Extends Beyond AMMs 15:50 A Flash Loan Example in Aqua 16:31 Participating in Many Strategies at Once 17:12 The Impact on the DeFi Market 17:50 The Aqua Bounties 18:10 Q&A: Virtual Balances 19:31 Q&A: Using Custom Op Codes 20:42 Q&A: SwapVM as a Solidity Interpreter 21:14 Q&A: Liquidity Ranges 22:06 Q&A: EOA vs Contract LPs 22:20 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHGlobal New York 2026* This workshop is specifically for ETHGlobal New York 2026, a 3-day hackathon held June 12-14 at the Metropolitan Pavilion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal New York 2026 playlist here: https://www.youtube.com/playlist?list=PLXzKMXK2aHh7MZ8T-ict6YshkFDw9WJCu _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Aug 9, 2026

In this workshop at ETHGlobal New York 2026, Jatin Pandya, a developer advocate at the Canton Foundation, gives hackers a heads-up on Canton's hackathon tracks and a 101 on the network and its DAML smart contract language. He runs through the four prize tracks. First is private DeFi and capital markets: taking the DeFi use cases people already know (DEXes, perps, margin management, dark pool matching, lending, borrowing, collateralized protocols) and adding a natively built-in privacy element, since privacy, not TPS, is now the talk of the town. Second, the one he is most excited about, is privacy-native TradFi, RWAs, and tokenization: repo agreement automation and management platforms, tokenized bond issuance, and supply chain finance built on Canton's need-to-know privacy model. Third is payments and neobanks on top of Canton, tying into institutions like JP Morgan, Goldman Sachs, and DTCC. Fourth, more exploratory, is agentic commerce, exploring how AI agents would interact with a privacy-preserving blockchain. Jatin points to his existing video workshop, revamped documentation (with an MCP server and a native LLM model that surfaces the right docs or SDK), and a dedicated module comparing Solidity and DAML concept by concept, noting DAML feels like writing English to those who know TypeScript or Haskell. He explains Canton's flipped architecture: rather than one blockchain with RPC calls, a single global synchronizer operated by the foundation coordinates atomicity across per-entity validators (JP Morgan, DTCC, and others each run their own), with data visible only to the relevant parties and sub-transaction privacy so two parties in a trade can keep it hidden from everyone else. He clarifies that Canton uses parties rather than wallet addresses, and that DAML is access-based, structured around templates (blueprints rather than functions) with signatories, observers, and choices (the functionality). He walks through example templates for a token and a trade proposal (buyer, asset, price, seller as signatory), then demos deployment via the C-port tool at devport.io, where an ETHGlobal New York organization is preconfigured so hackers can build or import from GitHub and deploy to a devnet validator without running their own. He closes by pointing to his full zero-to-deploy video and offering booth help. 00:00 Introduction 00:11 Welcome to the In-Person Workshop 00:33 A TLDR on the Four Prize Tracks 00:33 Track One: Private DeFi and Capital Markets 01:48 Track Two: Privacy-Native TradFi and Tokenization 02:38 Why This Is the Track He Is Most Excited About 02:57 Track Three: Payments and Neobanks 03:18 Working With Major Institutions 03:49 Track Four: Agentic Commerce 04:21 A Quick Heads-Up on Resources 04:40 The Revamped Docs and LLM Model 05:41 The Solidity vs DAML Comparison Module 06:00 Why DAML Feels Like English 06:54 Why Deploying on Canton Is Different 07:24 Introducing the C-port Tool 08:12 The Preconfigured ETHGlobal Organization 09:17 How Canton's Architecture Is Flipped 09:41 The Global Synchronizer and Validators 10:04 Parties Instead of Addresses 10:36 Sub-Transaction Privacy Explained 11:00 Why DAML Is Genuinely Different 11:35 Templates, Signatories, and Observers 12:12 Parties, Not Wallet Addresses 12:36 The Structure of a DAML Model 13:14 Declaring a Token Template 13:43 How Ownership and Signing Work 13:57 A Trade Proposal Example 14:52 How Choices Define Functionality 15:17 Q&A on Defining Trades 16:44 Writing a DAML File in C-port 17:13 Building and Deploying to Devnet 17:42 Where to Get Help With DAML 18:23 Closing and the Full Video Workshop _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHGlobal New York 2026* This workshop is specifically for ETHGlobal New York 2026, a 3-day hackathon held June 12-14 at the Metropolitan Pavilion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal New York 2026 playlist here: https://www.youtube.com/playlist?list=PLXzKMXK2aHh7MZ8T-ict6YshkFDw9WJCu _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Solange Gueiros

ETHGlobal · Aug 9, 2026

In this workshop at ETHGlobal New York 2026, Solange Gueiros and Andrej Rakic from Chainlink introduce the Chainlink Confidential AI Attester and walk through how to use Chainlink across hackathon projects. Solange runs through the four bounties: three best projects using the Chainlink Runtime Environment (CRE) and its workflows, two best projects using any other Chainlink service, two best projects using the new Chainlink Confidential AI Attester, and two best projects extending an existing Chainlink project on the continuity track, all combinable. She encourages installing the Chainlink developer agent skills, which carry the expertise to build with Chainlink services in any environment like Claude Code, Cursor, or Codex, so hackers can focus on use cases rather than becoming experts over a weekend. Andrej introduces the Confidential AI Attester, an early alpha experiment from Chainlink's research and engineering teams, and notes Professor Ari Juels will be a special guest judge for that track on Sunday. He frames the problem: proving your financials today (for a loan or a car) requires showing the books and involving notaries and lawyers, which is not private, and cannot be done in DeFi. Good candidate use cases include undercollateralized DeFi loans, KYC, AML, and proof of reserves, anything that involves uploading documents for analysis. He demos the playground (which needs an API key from the booth or Discord), uploading a mock AI-generated financial PDF and prompting the attester to judge whether the individual is a suitable candidate for a 500 USDC undercollateralized loan. The analysis runs inside a Trusted Execution Environment (an AWS Nitro Enclave) so the document does not leak, using an open LLM (Gemma, switchable to others). Once he gets the attestation, a CRE callback decrypts and decodes the decision and stores it on a simple smart contract exposing view functions a DeFi protocol can check. He walks through simulating the CRE workflow locally (CRE CLI version 19 or above waits for an HTTP or log trigger), exposing localhost via ngrok, and appending a broadcast flag so a simulation still writes on-chain to testnet, showing the resulting approved decision, document digest, and transaction hash. He clarifies CRE is optional (the attester works standalone, callable via curl or any language), points to the demo repo, and closes with Q&A on verifying callbacks and where to get API keys and data streams testnet credentials. 00:00 Introduction 00:12 Why Chainlink for Your Hackathon Project 00:36 Meet Solange and Andrej 01:00 The Chainlink Bounties 01:31 The New Confidential AI Attester Bounty 02:01 Extending an Existing Chainlink Project 02:12 Installing the Chainlink Developer Skills 02:29 The Chainlink Runtime Environment 02:56 A Special Guest Judge: Ari Juels 03:18 What Is the Confidential AI Attester 03:42 Why Proving Financials Is Not Private 04:02 An Early Alpha Experiment 04:25 Candidate Use Cases 04:48 A Look at the Playground and Resources 05:33 Why to Use the AI Skills 05:52 Getting an API Key 06:16 Uploading a Financial PDF 06:45 Running the Analysis Inside a TEE 07:16 Verifying the Attestation On Chain 07:49 How the CRE Callback Stores the Decision 08:20 The Undercollateralized Loan Prompt 08:40 Checking the CRE CLI Version 09:05 Simulating With an HTTP Trigger 09:29 Exposing Localhost With ngrok 09:54 Submitting the Request 10:18 The Broadcast Flag Writes to Testnet 11:07 Seeing the Approved Decision and Transaction 11:34 Querying the Contract for the Decision 12:02 The LLM and Enclave Behind It 12:36 Q&A: Is CRE Required 13:04 Walking Through the Demo Repo 14:07 Q&A: Verifying the Callback 15:21 Recapping the Four Bounties 16:35 API Keys and Data Streams Credentials 17:15 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHGlobal New York 2026* This workshop is specifically for ETHGlobal New York 2026, a 3-day hackathon held June 12-14 at the Metropolitan Pavilion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal New York 2026 playlist here: https://www.youtube.com/playlist?list=PLXzKMXK2aHh7MZ8T-ict6YshkFDw9WJCu _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Aug 9, 2026

In this workshop at ETHGlobal New York 2026, Angela Ocando from Uniswap Labs guides hackers through how to navigate the Uniswap stack. She frames Uniswap as one of the largest decentralized exchanges in the world, citing over $4.3 trillion in cumulative protocol volume, more than 2.7 billion all-time trades, over 10 million assets, and a recently launched Uniswap API now supporting more than 17 chains. She explains that the stack is more than the AMM: it spans the V2, V3, and V4 versions of the protocol (V3 introduced concentrated liquidity, V4 introduced hooks and a singleton pool architecture where everything happens under one main contract), plus Uniswap X (an intent-based protocol where users sign intents and a permissionless and exclusive filler network competes to execute them for best price), the Uniswap API (a distribution channel exposing routing quotes and execution via trading and LP endpoints), the CCA or continuous clearing auction (an execution layer running continuous auctions to match orders with optimal liquidity, useful for fair token launches), and newly launched AI skills that wrap the stack for agents and developers. Angela goes deeper on V4 hooks, a framework letting developers attach custom logic before and after pool actions (initialize, add and remove liquidity, swap, donate) via flags to create new DeFi primitives, noting the V4 template makes building hooks easier and that a hook can attach to many pools but each pool takes only one hook. She explains that Uniswap X checks the AMM, private AMMs, and external market makers to source the best price, all accessible through the API, and that CCA offers a bootstrapping framework for token launches. She announces that tokenized assets went live that morning across Uniswap's apps, the API, and Uniswap X. She then clarifies the hackathon bounties: $7,000 for the best Uniswap API integration built from scratch (requiring a feedback MD file logging agent errors so Uniswap can improve), and a continuity track for the best Uniswap stack contribution (building with any part of the stack, contributing to an open source repo, or submitting an explainer video). She demos the developer portal at developers.uniswap.org, showing that pasting it into Claude or Codex lets agents read the schema to optimize token spend, plus guides, an API reference for testing endpoints with keys, and ecosystem resources like foundation grants, the hook incubator, security subsidies, and go-to-market support, before closing with Q&A and pointing everyone to the booth. 00:00 Introduction 00:11 Meet Angela and the Goal 00:34 Uniswap by the Numbers 00:47 The Stack Is More Than the AMM 01:00 The AMM Versions and Hooks 01:30 Introducing Uniswap X 01:47 The Uniswap API as a Distribution Channel 02:05 The Trading and LP Endpoints 02:31 The Continuous Clearing Auction 02:55 The New AI Skills for Agents 03:16 A Closer Look at the Protocol Versions 03:45 How V4 Hooks Work 04:14 The V4 Template and Custom Logic Flags 04:35 One Hook Per Pool 04:44 Tokenized Assets Now Available 05:06 How Uniswap X Sources the Best Price 05:30 The CCA Bootstrapping Framework 06:00 The API and the Main Bounty 06:24 Installing the Uniswap Skills 06:44 Using Skills With Agents and x402 07:10 The Point of the Security Skills 07:32 The Hackathon Bounties Explained 07:52 Why a Feedback MD File Is Required 08:22 The Continuity Track Options 08:44 Finding Open Source Projects to Extend 09:20 The Video Submission Option 09:42 From Scratch vs Continuity Selection 10:04 Where to Find All the Prize Info 10:30 The Developer Portal 11:18 Installing the Skills With a Model 11:36 Plugging the Portal Into Your Agent 12:16 A Tour of the Developer Platform 12:33 The Swapping and API Guides 12:50 Ecosystem: Grants and the Hook Incubator 13:11 Security Subsidies and GTM Support 13:34 Testing the API Reference 14:03 Wrapping Up the Stack 14:27 Q&A 15:14 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHGlobal New York 2026* This workshop is specifically for ETHGlobal New York 2026, a 3-day hackathon held June 12-14 at the Metropolitan Pavilion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal New York 2026 playlist here: https://www.youtube.com/playlist?list=PLXzKMXK2aHh7MZ8T-ict6YshkFDw9WJCu _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Kartik Talwar

ETHGlobal · Aug 9, 2026

In this welcome and opening ceremony, Kartik Talwar, co-founder of ETHGlobal, opens ETHGlobal New York 2026, stressing that this is not a conference but a hackathon whose mission is to onboard thousands of developers into the web3 ecosystem. He explains what makes ETHGlobal events different: a focus on builders, a place to learn and grow, and the belief that showing beats telling, so on Sunday everyone demos what they built. He traces ETHGlobal's history from a small 2017 hackathon (where NFTs were invented) through global expansion across six continents, noting that counting the recent ETHConf, they have run over 331 events in eight and a half years, hosted 165,000 people from 156 countries, produced 18,000+ hackathon projects, and seen projects raise over $500 million. This weekend brings almost 700 attendees (close to 500 hackers, 30% new to web3), plus supporting staff, 17 mentors, 20 recorded workshops, zero talks, over $200,000 in prizes, and 16 sponsors. Kartik walks through key logistics and rule changes. Hacking begins immediately, teams can have up to five members, and submissions are due Sunday at 9am. On AI, he encourages using tools like Cursor, Claude Code, and Codex but warns from thousands of data points not to use AI to generate or validate your idea (crypto bias is real), to keep a human in the loop, to reference-check SDK integrations, to commit plan files, and to always know what your codebase does. He introduces the new continuity track, letting hackers build from scratch, extend an open source project, or ship a feature into existing or private code, as long as new work stays open source and traceable via the GitHub API, with track-specific prizes. He covers venue security, Wi-Fi etiquette, the website as source of truth, Discord support, four spotlight teams (Aquazero, CodeQuil, Pompalo, Railbridge), and judging: partner-prize demos plus an add-on finalist track for the top 10 teams (up to seven scratch, three continuity) requiring an auditable open source repo, a live deployed site, and a video demo, with finalist perks including ETHGlobal Plus, $1,000 per member, travel, and developer credits. He closes by bringing on partners Tanner from 1inch (Aqua self-custodial AMMs), Gotham from Google Cloud Web3 (ERC-8004 data track), and Greg from ENS (naming as universal pointers), before telling everyone to get hacking. 00:00 Introduction 00:40 What Makes ETHGlobal Events Different 01:03 The History From 2017 to Today 01:49 Expanding Across Six Continents 02:18 The Numbers: 331 Events and Counting 02:44 18,000 Projects and $500 Million Raised 03:47 Mentors, Workshops, and Sponsors 04:27 Thanking the Sponsors 05:01 Logistics: Hacking Begins Now 05:19 The New Rules: Teams and Timing 05:37 Guidance on Using AI to Build 06:12 Explaining Your Contribution vs Delegation 07:11 Why Not to Use AI to Generate Ideas 07:38 Why Not to Use AI to Value Your Idea 08:33 Why Not to Blindly Delegate SDK Integrations 08:56 Always Know What Your Codebase Does 09:43 Introducing the Continuity Track 10:49 The Three Paths You Can Take 11:28 How Extending Open Source Works 12:43 Adding Features to Your Own Project 13:27 Adding a Module to Private Code 14:58 Why Prizes Are Track Specific 15:44 Venue Security and Wristbands 16:39 Wi-Fi 7 and Why Not to Use Hotspots 17:52 The Website and Discord Support 18:53 Food, Activities, and Swag 19:26 The Four Spotlight Teams 20:13 Judging and the Prize Structure 21:03 The Partner Prize Track 21:22 The Finalist Track for the Top 10 21:45 Finalist Perks and Requirements 23:45 Splitting Finalists Across Tracks 24:14 Submission Logistics and Timing 25:54 Why a Better Submission Wins 26:57 Where to Get Help From Mentors 27:40 Code of Conduct and IP Ownership 28:51 Tanner From 1inch on Aqua 31:00 Gotham From Google Cloud on ERC-8004 33:19 Greg From ENS on Naming 35:41 Summarizing the Prizes 36:23 Final Advice and Let's Get Hacking _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHGlobal New York 2026* This workshop is specifically for ETHGlobal New York 2026, a 3-day hackathon held June 12-14 at the Metropolitan Pavilion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal New York 2026 playlist here: https://www.youtube.com/playlist?list=PLXzKMXK2aHh7MZ8T-ict6YshkFDw9WJCu _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Kartik Talwar

ETHGlobal · Aug 9, 2026

In this closing ceremony for ETHGlobal New York 2026, Kartik Talwar, co-founder of ETHGlobal, wraps up the hackathon with event stats, ten live finalist demos, and the partner prize reveal. He shares that 682 attendees and 486 hackers (31% new to web3) came from 152 cities, 44 countries, and six continents, supported by 100-plus sponsor staff, 18 mentors, and 20 Friday workshops with zero talks. The 486 hackers built 232 projects (27% on the new continuity track), and for the first time in eight months Python overtook TypeScript as the most common language. DeFi was the biggest category, wallets and payments the most common hacks, and infrastructure rose to third, with ENS, Arc, and Chainlink the most-used integrations and mainnet, Base, and Arc the most-deployed chains. He introduces the 16 partners giving out $200,000 in prizes and the ten finalists (three continuity, seven from scratch). The finalist demos showcase the range: Canary, parametric insurance on prediction markets that prices DeFi risk like a credit default swap; Acrew, which turns the AI coding spinner into an onchain ad marketplace tying one human to one agent via World ID; Void Tactics, a year-old fully onchain PVP spaceship game upgraded with Dynamic embedded wallets, World ID tournaments, and Walrus move history; Lynx, a terminal bridging prediction markets with tokenized securities and traditional finance data; DRO.buzz, a clipping marketplace on Arc, World ID, and Chainlink; Ansu, a dead-simple browser wallet for onboarding newcomers; Proof of Scan, a decentralized network of scan nodes using Sui, Walrus, and TLS notary to catch cloaked phishing sites; The Wallet Shift, a DeFi-Llama-style analytics dashboard indexing ERC-8004 agents via Google BigQuery; Immunity, a decentralized AI security protocol where agents mint antibodies against prompt injection, rebuilt with Chainlink CRE and ENS; and Cumulant, structured products (baskets, tranches, protected notes, distribution markets) on prediction markets via Dynamic and Arc. Kartik details the finalist rewards (ETHGlobal Plus, $1,000 per member, flight and developer credits, a Ledger Flex, and an exclusive hoodie), then races through 60 slides of partner prizes from 1inch, ENS, Google Cloud, Chainlink, Hedera, Ledger, LI.FI, Privy, Sui, Uniswap Foundation, World, Canton Foundation, Blink, Arc, Dynamic, and Unlink. He closes noting code will be verified over four weeks, thanks the team and partners, and previews upcoming events in Lisbon, ETHOnline, Tokyo, and Mumbai. 00:00 Opening Montage 01:35 Welcome to the Closing Ceremony 02:03 The Event by the Numbers 02:32 Thanking the 16 Partners 03:01 Why This Is a Hackathon, Not a Conference 03:49 Community Highlights and Stats 04:28 232 Projects and the Continuity Split 04:53 The Most Common Categories and Integrations 05:54 Thanking the Judges 05:57 A Quick Word on Feedback Forms 07:19 Introducing the Ten Finalists 08:02 Thanking Every Team That Submitted 09:53 Finalist Demo: Canary 13:54 Finalist Demo: Acrew 19:21 Finalist Demo: Void Tactics 25:19 Finalist Demo: Lynx 31:42 Finalist Demo: DRO.buzz 36:36 Finalist Demo: Ansu 41:30 Finalist Demo: Proof of Scan 47:19 Finalist Demo: The Wallet Shift 52:58 Finalist Demo: Immunity 58:30 Finalist Demo: Cumulant 1:04:36 What the Finalists Win 1:05:50 Starting the Partner Prizes 1:07:19 1inch Prizes 1:08:17 ENS Prizes 1:09:46 Google Cloud Prize 1:09:53 Chainlink Prizes 1:11:05 Hedera Prizes 1:12:15 Ledger Prizes 1:13:04 LI.FI Prizes 1:13:28 Privy Prizes 1:13:59 Sui Prizes 1:14:25 Uniswap Foundation Prizes 1:15:14 World Prizes 1:16:09 Canton Foundation Prizes 1:17:00 Blink Prizes 1:17:27 Arc Prizes 1:18:23 Dynamic Prizes 1:19:06 Unlink and Joint Prizes 1:19:50 Wrapping Up the Prizes 1:20:09 Closing Notes and Verification 1:20:38 Thanking the Team and Community 1:22:01 Upcoming Events and Farewell _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHGlobal New York 2026* This workshop is specifically for ETHGlobal New York 2026, a 3-day hackathon held June 12-14 at the Metropolitan Pavilion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal New York 2026 playlist here: https://www.youtube.com/playlist?list=PLXzKMXK2aHh7MZ8T-ict6YshkFDw9WJCu _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Kartik Talwar

ETHGlobal · Aug 9, 2026

In this welcome and opening ceremony, Kartik Talwar, co-founder of ETHGlobal, opens ETHGlobal Lisbon 2026, stressing that this is not a conference but a hackathon whose mission is to onboard thousands of developers into the web3 ecosystem. He explains what makes ETHGlobal events different: a focus on builders trying out ideas, learning new skills and protocols, and the belief that showing beats telling, so on Sunday everyone demos what they built to judges, partners, and each other. He traces ETHGlobal's history from the first 2017 event in Waterloo through global expansion across six continents, notes the 2026 events in Cannes and last month's New York, and welcomes everyone back to Lisbon for the second time. This weekend brings over 518 attendees (380 hackers, 26% coming from web2), from 116 cities, 47 countries, and six continents, plus 43 partners, 16 technical mentors, eight workshops, zero talks, and $100,000 in prizes across eight partners: 1inch, 0G, Hedera, Sui, The Graph, Uniswap Foundation, World, and ENS. Kartik walks through key logistics and rule changes. Hacking has begun, teams can have up to five members, and submissions are due Sunday at 9am. He encourages using LLMs and AI coding tools like Codex and Claude Code but recommends committing plan markdown files and frequent descriptive commits so work is traceable, sharing SDK feedback with partners, and avoiding four AI pitfalls (do not use AI-generated ideas, get real human feedback, do not just delegate, and always understand your own code). He introduces the continuity track, letting hackers extend a past project, fix an open source bug, or ship an open source module into private code, with track-specific prizes. He covers venue security, Wi-Fi etiquette, Discord support, food, a tile-painting activity, swag, and four spotlight teams. On judging, he explains the partner track (apply to up to three of the eight partners) versus the finalist track (top 10 teams demoing live on stage) with an auditable repo, live deployment, and video demo required, and finalist perks like ETHGlobal Plus, $1,000 cash, flight credits, and AWS credits. He brings on Matt from 1inch, who shares that 1inch began at a 2019 hackathon and has since done over $800 billion in volume, and introduces the $7,000 in bounties for building Aqua apps, a liquidity provision method that keeps tokens in the LP's wallet. 00:00 Introduction 00:11 Welcome: This Is a Hackathon, Not a Conference 00:37 What Makes ETHGlobal Events Different 00:54 Why Showing Beats Telling 01:18 The History From 2017 to Today 02:25 Back in Lisbon for the Second Time 02:31 Who Is Here This Weekend 03:05 Partners, Mentors, and Workshops 03:27 $100,000 in Prizes and the Eight Partners 04:28 The Hackathon Has Begun 05:07 Team Rules and Submission Timing 05:42 Using LLMs and AI Coding Tools 06:25 Committing Plan Files and Sharing Feedback 07:24 The Four AI Pitfalls to Avoid 07:47 Why Not to Use AI-Generated Ideas 08:23 Why to Get Real Human Feedback 08:42 Why Not to Just Delegate 09:33 Introducing the Continuity Track 09:55 How to Continue a Past Project 10:55 Extending Open Source and Private Projects 12:08 How to Select Your Track 12:59 Venue Security and Badges 14:05 Wi-Fi Etiquette and No Hotspots 15:00 The Website and Discord 16:29 Venue Layout and Pragma 17:02 Food and Activities 17:53 Swag and Giveaways 18:40 The Four Spotlight Teams 19:54 Judging and Prizes: The Two Tracks 20:19 The Partner Track 20:57 The Finalist Track 21:55 Why Become a Finalist 22:32 The Requirements to Be a Finalist 23:50 Demoing Live to Judges 24:47 The Finalist Demo Format 25:09 Why Not to Record Your Video Last Minute 26:28 How First-Come Judging Works 27:32 The Mentors Who Can Help 28:29 Rules, Respect, and IP Ownership 29:42 Bringing On Matt From 1inch 30:55 Introducing the Aqua Protocol 32:00 The 1inch Bounties 33:39 Recapping the Prizes and Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *ETHGlobal Lisbon 2026* This workshop is specifically for ETHGlobal Lisbon 2026, a 3-day hackathon held July 24-26 at the Carlos Lopes Pavillion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal Lisbon 2026 playlist here: https://www.youtube.com/playlist?list=PLWgAODGnD_is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Aug 9, 2026

In this workshop at ETHGlobal Lisbon 2026, Angela Ocando from Uniswap Labs and Ivan Volovyk, a Uniswap Foundation ambassador, show hackers how to navigate the new Uniswap stack. Angela frames Uniswap as one of the largest decentralized exchanges in the world (over $4.3 trillion in cumulative volume, more than 2.7 billion trades, and over 2 million assets), and a strong option for anyone building a fintech or finance application on chain. Showing the original 2018 interface as inspiration, she notes many protocols began as a hackathon MVP. She explains the stack is more than the AMM: it spans the V2, V3, and V4 protocol versions (V3 introduced concentrated liquidity so LPs can add liquidity in a chosen price range, V4 introduced a singleton pool architecture and hooks for attaching custom logic to pool actions), plus Uniswap X (an intent-based protocol where users sign intents and fillers, including 25+ private market makers, compete to execute large swaps at the best price), the CCA or continuous clearing auction (a token launchpad offering fair-price launches), the Uniswap API (routing, quotes, and execution), and Uniswap AI skills for interacting with the stack in natural language. Angela goes deeper on V4 hooks, which run optional custom logic via before and after flags on actions like initialize, add and remove liquidity, swap, and donate (enabling donations, KYC, and dynamic fees), pointing to a GitHub template. She explains the Uniswap API taps deep aggregated liquidity across Uniswap classic (the AMM) and Uniswap X, is claimable with an API key at developers.uniswap.org, and uses permit-based approvals for security. She lays out the two hackathon tracks: best Uniswap API integration from scratch (requiring a feedback MD file so the team can improve the product) and a continuity track for the best Uniswap stack contribution, both centered on honest developer feedback. She notes recent launches of tokenized assets on Robinhood, permissioned (whitelist) pools, and dual pool hooks. Ivan then demos the Uniswap AI skills two ways: prompting a coding agent to add swap and trading to a Dungeons and Dragons-themed front end where a character's abilities affect slippage, and installing the Uniswap AI plugin and trading tools so Claude can run a time-weighted average strategy (buying $10 of ETH daily for 30 days) via generated configs and a run script, before closing with Q&A on testnet support, a CLI, and permissioned pools. 00:00 Introduction 00:11 Meet Angela and Ivan 00:34 Uniswap by the Numbers 00:56 Why Build a Finance App on Uniswap 01:18 The Original 2018 Interface 01:42 The Stack Is More Than the AMM 02:05 The Protocol Versions and V4 Hooks 02:36 Adding Custom Rules at the AMM Level 02:47 Introducing Uniswap X 03:24 The CCA Token Launchpad 03:36 The Uniswap API 03:58 The Uniswap AI Skills 04:31 Concentrated Liquidity in V3 05:00 The Singleton Architecture and Hooks 05:39 Use Cases for Hooks 06:05 The Hook Flags and Template 06:31 How Uniswap X Executes Large Swaps 07:16 The CCA Liquidity Launcher 07:39 Why to Integrate the Uniswap API 08:02 Claiming an API Key 08:25 How the Transaction Flow Works 08:48 The Swap, Liquidity, and Chain Actions Endpoints 09:11 The Uniswap AI Tools 09:32 The From-Scratch API Track 09:53 Why Feedback Is the Real Goal 10:36 The Continuity Track 11:20 Tokenized Assets and Permissioned Pools 11:58 Where to Find Everything 12:12 Ivan's Demo: What We Will Build 12:57 The Dungeons and Dragons Front End 13:26 Starting From the Empty Front End 13:58 Prompting the Skill to Add Uniswap 14:23 Making Claude Trade Assets 14:49 Installing the AI Plugin and Trading Tools 15:17 A Time-Weighted Average Strategy 15:49 The Strategy Config and Run Script 16:40 Where to Get Help 17:08 Q&A: Testnet Support 17:43 Q&A: Is There a CLI 18:16 Q&A: Permissioned Pools 18:30 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *ETHGlobal Lisbon 2026* This workshop is specifically for ETHGlobal Lisbon 2026, a 3-day hackathon held July 24-26 at the Carlos Lopes Pavillion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal Lisbon 2026 playlist here: https://www.youtube.com/playlist?list=PLWgAODGnD_is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Kevin Jones

ETHGlobal · Aug 9, 2026

In this workshop at ETHGlobal Lisbon 2026, Kevin Jones, a BuidlGuidl member who works at Edge & Node (the original creators of The Graph Protocol), shows hackers how to build AI agents on The Graph and walks through the bounties. He explains The Graph as a decentralized network of indexers that serve blockchain data, and covers its two main products. Subgraphs are GraphQL-based APIs, easy to create in the subgraph studio and usually focused on a specific smart contract, that make complex time-series blockchain data far easier to query than hitting an RPC directly. Substreams are a Rust-based streaming protocol that pipes deeper, blockchain-wide data (transactions, value transfers, wallets) directly into your own database like ClickHouse. He notes subgraphs are written in AssemblyScript (a TypeScript subset) while substreams are Rust, both of which AI tooling handles well. Kevin focuses on the AI angle. He introduces The Graph's two MCP servers (one for subgraphs, one for substreams) as discovery tools that let an agent find the right data (for example, asking for Uniswap data returns the relevant subgraphs with a recommendation), and points to installable subgraph and substreams skills for coding agents in Cursor, Claude Code, or any IDE. He lays out the bounties: $7,000 split five ways for tooling that helps agents use Graph data or the best AI use case of The Graph, plus a prize for best use of composable subgraphs (which sit on top of per-contract, per-chain subgraphs to unify a protocol deployed across many chains). He then demos Scaffold Agent, an AI-native command-line alternative to Scaffold-ETH (reusing its components, hooks, and burner wallet) that bootstraps a Next.js AI chatbot wired to the subgraph MCP server and able to consume The Graph over x402, Coinbase's crypto-native reinvention of the HTTP 402 status code that replaces API keys with pay-per-query. Using his own startup One Claw for MPC and HSM key custody (generating a signing key inside a TEE on Google Cloud so no private key sits on his machine), he scaffolds a project, funds the fresh wallet with 10 cents of USDC on Base, and attempts to query the last five Uniswap V3 swaps paid over x402. The live query does not go through, but he frames Scaffold Agent, the MCP servers, and the skills as strong starting points and points hackers to the booth for help. 00:00 Introduction 00:11 Meet Kevin and Edge & Node 00:29 What This Workshop Covers 00:50 Who Has Built a Subgraph 01:10 What The Graph Protocol Is 01:42 Subgraphs as GraphQL APIs 02:13 Creating a Subgraph in the Studio 02:53 Introducing Substreams 03:19 Streaming Data Into Your Database 03:44 AssemblyScript vs Rust 04:03 Why Rust Is Easy With AI 04:26 The AI Tooling in the Docs 04:44 The Two MCP Servers 05:11 How the MCP Discovers Data 05:31 Subgraph vs Substream MCPs 06:36 Installing the Skills for Your Agent 07:14 The Bounties and What The Graph Wants 07:53 Examples of Agent Tooling 08:14 Best Use of The Graph in AI 08:43 The $7,000 Prize Split 09:06 Best Use of Composable Subgraphs 09:29 Introducing the Scaffold Agent Demo 09:59 Why Scaffold Agent Is AI Native 10:26 The MCP and x402 Integration 10:53 What Is x402 11:17 Reinventing the HTTP 402 Status Code 11:45 x402-Enabled Subgraph Endpoints 12:09 What the Starter Kit Wires Up 12:36 Running the Scaffold Agent Command 13:17 Using One Claw for Key Custody 13:50 Generating an API Key 14:42 Generating Signing Keys in an HSM 14:58 Configuring The Graph and the LLM 16:06 Forcing Signing in a TEE 16:28 Bootstrapping the Application 16:56 Funding the Fresh TEE Wallet 17:58 Loading the Project in Cursor 18:26 The Encrypted and Public ENV Files 18:50 Running the App With One Command 19:22 The Next.js Application 19:39 Querying the Last Five Uniswap Swaps 20:45 Troubleshooting the Live Query 21:45 Why Scaffold Agent Is a Good Starting Point 22:07 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *ETHGlobal Lisbon 2026* This workshop is specifically for ETHGlobal Lisbon 2026, a 3-day hackathon held July 24-26 at the Carlos Lopes Pavillion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal Lisbon 2026 playlist here: https://www.youtube.com/playlist?list=PLWgAODGnD_is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Aug 9, 2026

In this workshop at ETHGlobal Lisbon 2026, Caleb Rippey from 1inch presents reimagining the AMM with 1inch Aqua, covering the current DEX landscape, how Aqua works, what it enables beyond AMMs, and the benefits for builders, LPs, and traders. He starts with the standard AMM flow: Bob the liquidity provider transfers tokens into a Uniswap pool, Alice the trader sends ETH in and gets USDC out, and if Bob withdraws his liquidity the pool empties and Alice can no longer trade. Since liquidity is spread across Uniswap, Curve, and Sushi, 1inch acts as a DEX aggregator sourcing the best liquidity, making it feel unified, but every new AMM means redesigned contracts, re-implemented custody, accounting, and settlement, more audits and attack surface, and fragmented liquidity. From the LP's perspective, choosing where to deposit is hard, participation has high opportunity cost, funds locked in a pool lose governance voting power, and moving positions is high-friction, with LPs constantly chasing fee opportunities. Caleb explains Aqua's core idea: remove the pool in the middle so Alice trades directly against Bob's wallet balances. In Aqua, liquidity stays in the LP's wallet, is not bound to one strategy, and settlement is always atomic. The architecture has three parts: the Aqua router (an 80-line contract handling shipping and docking strategies, tracking virtual balances, and pushing and pulling tokens), Aqua apps (swap logic like constant product, Dutch auction, and concentrated liquidity), and strategies (LP commitments to those apps). He walks through the flow where Bob approves and permits the router, ships his strategy as an intent, an off-chain indexer picks up the state, and a trader's request has the Aqua app verify Bob's commitment before the router pulls and pushes tokens. Benefits include keeping governance rights, sending committed tokens freely, and reusing the same tokens across strategies so $4,000 of real liquidity becomes $6,000 of effective liquidity. He introduces SwapVM, which combines swap logic into reusable op codes (price curves, taker restrictions, fees, decay functions) so a constant product app takes only a few op codes, and notes Aqua extends beyond AMMs to prediction markets, privacy pools, flash loans, payment clearing, and lending. He closes with the bounties ($5,000 for a new Aqua app split three ways, $2,000 continuity split two ways) and a Q&A on indexers, deferred pull-and-push accounting, flash loans, and the decay op code for preventing front-running. 00:00 Introduction 00:11 What the Talk Will Cover 00:39 The Standard AMM Flow 01:09 How a Trader Swaps Against the Pool 01:34 What Happens When Bob Withdraws 01:59 Why 1inch Aggregates Liquidity 02:32 The Drawbacks of New AMMs 03:04 LP Drawback: Choosing Where to Deposit 03:34 The High Opportunity Cost of Participation 04:08 Losing Governance Voting Power 04:36 Why Moving Funds Is High Friction 05:04 Chasing Fee Opportunities 05:29 How New Projects Fragment Liquidity 05:47 The Question Behind Aqua 06:08 How Aqua Keeps Liquidity in the Wallet 06:39 The Aqua Router 06:57 Aqua Apps 07:06 Aqua Strategies 07:43 Walking Through the Aqua Flow 08:15 How Bob Ships His Strategy 08:46 How the Indexer Picks Up the State 09:18 How a Trader Pulls From Bob's Wallet 09:45 Returning Tokens to Bob 10:14 What the Design Gets You 10:35 Reusing Tokens Across Strategies 11:17 Turning $4,000 Into $6,000 of Liquidity 11:52 Handling Competing Trades in One Block 12:24 Introducing SwapVM 12:55 Constant Product in SwapVM 13:24 Op Codes and Custom Logic 13:38 How Aqua Extends Beyond AMMs 13:55 A Flash Loan Example 14:35 Subscribing to Many Strategies at Once 15:08 The Impact on the DeFi Market 15:46 The Aqua Bounties 16:20 Q&A: Indexers 16:44 Q&A: Deferred Pull and Push Accounting 17:54 Q&A: Flash Loans and Self-Liquidations 19:32 Q&A: The Decay Op Code 20:30 Q&A: Examples and Resources 21:30 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇵🇹 *ETHGlobal Lisbon 2026* This workshop is specifically for ETHGlobal Lisbon 2026, a 3-day hackathon held July 24-26 at the Carlos Lopes Pavillion, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal Lisbon 2026 playlist here: https://www.youtube.com/playlist?list=PLWgAODGnD_is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this fireside chat, Matt Sheffield, CIO of SharpLink, sits down with Robbie Mitchnick, Global Head of Digital Assets at BlackRock, to discuss institutional Ethereum adoption, ETFs, tokenization, and the future of finance. Matt opens by describing SharpLink's strategy of putting roughly $3 billion of Ethereum onto a public company balance sheet last year and progressively moving it onchain. Robbie explains BlackRock's deliberate approach to crypto ETFs, with IBIT for Bitcoin and ETHA for Ethereum, noting the high bar that includes asset maturity, market cap, liquidity, product market fit, and the conviction that an asset belongs in client portfolios on a long term fundamental basis. He emphasizes that Bitcoin sits in category one, Bitcoin plus ETH sits in category two, and there is a meaningful breakpoint after that. The conversation digs into why TradFi firms prefer Ethereum over newer programmable L1s, citing time tested maturity, network effects, and Ethereum's incumbency. Matt argues that Ethereum gets chosen on merit rather than economic incentives, which builds trust with the community. Robbie details BlackRock's launch of ETHB as a staking focused product alongside ETHA for liquidity sensitive investors, reaching half a billion in AUM out of the gate. They discuss why tokenized money market funds have been the breakthrough tokenization category at over 10 billion dollars (including BUIDL), since they break the historical tradeoff between full US Treasury yield and perfect liquidity when paired with stablecoins. Matt outlines SharpLink's onchain allocations including a $200 million LRT deployment, bridging to Linea, and a $125 million private fund with Galaxy. Robbie shares BlackRock's four pillar tokenization framework around asset class focus, custody, regulation, and exchange listing. They close by discussing agentic finance and the intersection of AI and digital assets as the most exciting theme for the next 5 to 10 years. 00:00 Introductions 01:21 Why BlackRock Launched IBIT and ETHA but Paused After 02:23 The High Bar for an iShares Crypto Product 02:57 Bitcoin Category One, Bitcoin and ETH Category Two 03:22 Why TradFi Prefers Mature, Battle Tested Assets 04:24 Network Effects and Ethereum's Incumbency Advantage 05:12 SharpLink's Inflection Point: Stability Over Headline Chasing 06:25 Picking Ethereum on Merit, Not Economics 07:02 Utilization Without Economic Incentive as a Signal 07:42 Why BlackRock Created ETHB Separately for Staking 08:49 Catering to Liquidity Sensitive vs Yield Focused Investors 09:32 No Switching Between ETHA and ETHB 09:53 The Impact of Crypto ETFs on Industry Access 10:14 Why Tokenized Money Market Funds Came First 11:02 Breaking the Yield vs Liquidity Tradeoff 12:00 BUIDL and the 10 Billion Dollar Tokenized MMF Category 13:06 What Needs to Happen for Ethereum to Stay the Tokenization Hub 13:50 Liquidity Begets Liquidity: Ethereum's Pole Position 14:10 RWAs Need to Become More Valuable Onchain Than Off 14:55 Tokenized Stock Loans and the GameStop Example 15:35 Only 0.1% of Global Assets Are Tokenized 15:57 SharpLink's Onchain Deployments and Regulatory Process 17:02 Building Infrastructure While Pioneering Each Deployment 17:51 BlackRock's Four Pillar Tokenization Framework 18:46 Why Money Market Funds Became the Coalescence Point 19:14 The Race Between TradFi and Crypto Exchanges 20:04 Custody Hurdles for Institutional Adoption 20:58 Regulatory Clarity vs Tokenization Specific Rules 21:23 The iShares Tokenization Opportunity 21:46 Looking Ahead: Agentic Finance That Adds Value 22:16 The AI as Guardian Angel for Onchain Transactions 23:31 Ethereum's Immutability and Agentic Payments 23:58 AI Plus Digital Assets as the Defining Intersection 24:22 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Andrej Bencic, co-founder and CEO of Tenderly, makes the case that the next decade of crypto requires shifting focus from building the rails to operating them safely. He opens with a story of a routine protocol upgrade where tests passed, the audit was clean, governance approved, and the time lock executed normally, yet within four minutes of mainnet deployment an asset valued at $2,200 dropped to $0, triggering cascading liquidations and nearly $2 million in bad debt. The smart contracts behaved exactly as intended. The failure wasn't in the code, but in everything around it. Andrej argues that the industry has hyperfocused on getting protocols from idea to mainnet while neglecting operational risk in production with live state and live dependencies. He uses the analogy that the map is not the territory: smart contracts are the map, but mainnet is the territory full of traffic, congestion, and population density. He outlines four categories of risk that must be managed together. Process risk covers operational mishaps like signing transactions, treasury management, and deployment workflows, where he cites that process exploits now outnumber code exploits by 6 to 7 times. Dependency risk covers second, third, and fourth order failures across the interconnected web of DeFi protocols. Market risk recognizes that DeFi lacks trading hours, circuit breakers, and human checkpoints that traditional finance relies on, so multi day unwinds can happen in an instant. Code risk remains essential as ever but needs to test onchain dynamics, not just isolated sandboxes. He closes by introducing the concept of blockchain operations and pointing to simulation against live state as the unique advantage blockchain offers, comparing it to pilots in flight simulators or banks running stress tests. 00:00 Introduction 00:11 A Routine Upgrade Gone Wrong 01:04 $2 Million in Bad Debt in Four Minutes 01:33 The Smart Contracts Behaved as Intended 01:51 Andrej's Background at Tenderly 02:38 Why None of the Checks Triggered 03:03 Hyperfocusing on Reaching Mainnet 03:26 The Work Doesn't Stop at Launch 04:10 The Map Is Not the Territory 05:38 Smart Contracts Are Half the Equation 06:38 Crypto Becoming Finance Itself 07:11 Risk Management as the Next Decade's Discipline 07:47 Four Categories of Risk 08:20 Process Risk and Operational Mishaps 09:37 Six to Seven Times More Process Exploits Than Code Exploits 09:59 Dependency Risk and the DeFi Lego Tradeoff 11:18 Knowing the Blast Radius of Dependencies 11:53 Market Risk Without Circuit Breakers 13:19 Modeling Comfort with Exposure 13:36 Code Risk Remains Essential 14:23 Testing Onchain Dynamics, Not Just Isolated Sandboxes 14:52 Correct at Launch Doesn't Mean Correct at Scale 15:22 Frameworks From Traditional Finance 15:49 Simulation Against Live State as the Tying Piece 16:23 No Undo Buttons on Blockchain 16:48 Pilots, Banks, and Stress Testing 17:43 Blockchain Operations as a Category 18:16 Closing: Operating at the Level Global Attention Requires _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this fireside chat, Yana Prikhodchenko from Cointelegraph interviews Chaeho Shin, CEO of 1inch, on the state of DeFi liquidity, the convergence of TradFi and DeFi, regulatory clarity, and 1inch's plans for shared liquidity. Chaeho frames the core problem facing DeFi today: roughly 80 to 90% of liquidity is sitting idle because of fragmentation across separate liquidity pools. He explains that 1inch is solving this by introducing a shared liquidity protocol that allows assets in users' wallets to be shared across different liquidity pools without ever leaving self custody, which he positions as the next major DeFi innovation since the original liquidity pool concept from 2019 to 2020. The conversation moves into RWAs, where Chaeho identifies the two biggest barriers to real adoption: compliance and regulatory issues, and liquidity fragmentation that prevents efficient trading at TradFi comparable rates. He notes the disconnect between roughly $30 billion in RWAs onchain and only $2.5 billion actively used in DeFi, and explains that 1inch is positioning to be the most regulatory ready DeFi protocol and a partner swap engine for RWA platforms. He argues the real breakthrough for RWAs in DeFi is the ability to generate additional yield from liquidity pool trading fees on top of the underlying security's dividends. On geographic differences, Chaeho explains that APAC markets including his native Korea remain much more retail focused than the US, but they all benchmark against Wall Street and are waiting for US regulatory clarity (especially the Clarity Act addressing questions he started asking nine years ago) before institutional adoption accelerates. He closes by predicting that shared liquidity will be the dominant DeFi narrative in 2026 and 2027, replacing speculation with fundamentally supported higher yields driven by better capital efficiency. 00:00 Introduction 00:08 Thanks to the Organizers 00:47 Chaeho's TradFi to Crypto Journey 01:10 The TradFi DeFi Convergence Since 2024 01:46 Why 80 to 90% of DeFi Liquidity Sits Idle 02:36 Introducing 1inch Shared Liquidity Protocol 03:13 Self Custody While Sharing Across Pools 03:46 Are AMMs the Bottleneck for the Next Phase 04:59 No Real DeFi Innovation Since 2019 2020 05:36 RWAs: Why 30 Billion Onchain but Only 2.5 Billion in DeFi 06:27 Compliance and Liquidity as the Two RWA Hurdles 07:14 1inch as the RWA Swap Engine 07:52 The Real RWA Breakthrough: Extra DeFi Yield on Top of Dividends 09:28 APAC vs US Capital Allocation 10:01 Why APAC Remains Retail Focused 10:48 APAC Benchmarking Against Wall Street 11:52 Waiting for US Regulatory Clarity 12:26 Key Learnings From the Clarity Act 13:52 What's Next for DeFi Liquidity 14:16 The Yield Problem in Bear Market DeFi 15:32 Better Capital Efficiency as the Solution 16:00 Bonus Round: Morning Routine and Personal Strategy 16:26 Bull or Bear: Building Through Cycles 16:46 1inch's Big Goal for 2026 to 2027 17:17 Predicting the Hottest DeFi Narrative 17:49 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Kartik Talwar

ETHGlobal · Jul 9, 2026

In this fireside chat, Kartik Talwar sits down with Nemil Dalal, visiting partner at Y Combinator and former head of Coinbase's developer platform, to discuss the early days of USDC, the current state of crypto startups, and what YC is looking for from founders. Nemil walks through how he spent seven years at Coinbase leading USDC from launch in 2018, when many in crypto circles thought stablecoins were the wrong vision and Bitcoin should replace everything. He pushed against two early strategies that didn't fit Coinbase's positioning as a US based regulated company: chasing high yield Asian markets where Tether dominated, and selling to banks that only knew about Bitcoin and saw stablecoins as a beta dollar. The breakthrough insight was bootstrapping DeFi adoption through the USDC Bootstrap Fund, deploying capital into Uniswap, Aave (then EthLend), DyDx, and other early protocols. Nemil shares how YC funds about 100 crypto startups today and expects to 10x that in the next decade, since crypto is moving from a niche DGen product to something most Americans will use without realizing. He outlines what YC is excited about: stablecoins and the businesses built on top, tokenized assets including equities and debt, and AI plus crypto including X2X (which Nemil's team launched at Coinbase). He shares his controversial view that founders should launch fewer tokens, since most are incentive tokens that act like marketing schemes attracting mercenary users and worsening UX, while reserving tokens for L1s, L2s, and DeFi protocols where decentralization is genuinely core to the product. On regulation, he tells the story of Coshi spending three years suing the CFTC and winning, framing regulation as either go regulation forward and specialize per country, or follow the Binance playbook offshore first. He closes urging founders to combine crypto with AI thoughtfully and pointing to the rolling YC application deadline. 00:00 Introduction 00:08 Nemil's Background and Homecoming to Ethereum 01:08 Launching USDC at Coinbase in 2018 02:26 Why Stablecoins Were Controversial in Crypto Circles 02:41 Two Bad Early Strategies: Asia Yield and Banks 03:41 The Breakthrough: Bootstrapping DeFi 03:58 Maker DAO, Compound, and Early DeFi Signals 04:23 Launching the USDC Bootstrap Fund 05:10 Nemil's Role as Visiting Partner at Y Combinator 05:38 What YC Offers Founders 06:20 Funding 100+ Crypto Startups and 10x'ing the Pace 07:00 Why Bear Markets Are the Best Time to Build 07:32 Tourists vs Real Builders 07:50 Why ETH Global Hackathon Attendance Correlates Inversely with Price 08:46 What YC Is Looking to Fund in 2026 09:04 Stablecoins and Stablecoin Neo Banks 09:51 Tokenized Stocks, Debt, Equity, and Emerging Markets 10:12 X2X and the AI Plus Crypto Opportunity 10:50 Agentic Finance May Be Agnostic to Crypto vs Credit Cards 11:33 YC's Mindset: Make Something People Want 12:14 Where Is the Saturated Space in Crypto Startups 12:38 Common Patterns: Dev Tools, On Off Ramps, Wallets 13:08 Prediction Markets and Crypto as Core Stack 13:25 Should Founders Launch a Token 14:10 Incentive Tokens as a Marketing Scheme 14:48 Tokens Often Hurt User Experience 15:19 Where Tokens Genuinely Make Sense: L1s, L2s, DeFi 16:05 Solving Pain Points, Not Decentralizing for Its Own Sake 16:36 How Founders Should Think About Regulation 17:01 The Coshi Story: Suing the CFTC and Winning 17:39 Regulation Forward vs Binance Playbook 18:43 Onshore vs Offshore Based on Product Type 19:00 How to Apply to YC and Reach Nemil 19:35 The Magic of Crypto and AI Coming Together 20:33 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Sreeram Kannan

ETHGlobal · Jul 9, 2026

In this fireside chat, Nikita Sachdev from Luna PR sits down with Sreeram Kannan, founder of Eigen Labs and former University of Washington professor, to discuss the verifiability layer needed for the AI agent economy. Nikita opens by asking the audience to raise hands on whether they'd trust an AI agent to book a flight (most hands), make a $100 transaction (more hands), or hand over their passport, bank accounts, and identities (almost none). Sreeram identifies two layers of agent verifiability: confirming the agent is running exactly the code and model claimed, and enforcing constraints on what the agent can do. He stratifies agents into single player (where a user can run them locally with their own constraints) and multiplayer (where agents adjudicate between mutually untrusting parties like a prediction market), noting that multiplayer agents need much higher trust guarantees. Eigen Compute solves this by guaranteeing the exact prompts, model, and data used in agent decisions. Sreeram shares his personal AGI moment from 2017 working on DNA sequencing with physicist Jens Gundlach, when a student beat his hand crafted mathematical benchmarks using deep neural networks, teaching him that any objectively verifiable problem can be optimized by AI. He recounts a recent story where an Eigen colleague who hadn't finished college responded to Google's quantum breakthrough by launching ECDSA.fail, an open challenge where anonymous agent operators collaborate. Within six days they not only beat Google's benchmark but went 40% better than anything existing. He warns the next 6 to 12 months will be scary for DeFi as AI cracks instant settlement protocols, suggesting protocols with intentional settlement lag will weather this better. He closes by outlining Eigen's new thesis of agentic companies: agents at the center, humans at the edge, with company credentials (websites, YouTube channels, Stripe accounts, Roblox games) owned by onchain smart contracts so that every digital company becomes investable by crypto capital. 00:00 Introduction 00:32 Sreeram's Background and Eigen Labs Overview 01:21 Audience Hand Raising: How Much Do You Trust AI Agents 02:09 Two Layers of Agent Verifiability 02:42 Single Player vs Multiplayer Agents 03:28 Prediction Markets and Multiplayer Trust 04:15 How Eigen Compute Guarantees Agent Execution 04:42 What Makes Eigen the Right Company for AI 05:31 Sreeram's 2017 AGI Moment with DNA Sequencing 06:41 Why Objectively Verifiable Problems Get Optimized by AI 07:20 How AI Led Sreeram Into Blockchain 07:52 Eigen Layer's Original AI Thesis 08:17 Climbing the Product Stack to Agentic Companies 09:23 Would EigenLayer Move This Fast Without AI 09:46 The Google Quantum Breakthrough Story 11:06 ECDSA.fail: 40% Better Than Google in Six Days 12:12 The 10x to 100x Acceleration Opportunity 13:09 Is Crypto Moving Fast Enough Against AI Attacks 13:49 Instant Settlement vs Security Tradeoff 14:31 Why the Next Six to Twelve Months Will Be Scary for DeFi 14:56 What About Other People's Jobs 15:21 The Agents as Companies Thesis 16:05 Crypto's Core Value Proposition Is Capital 16:29 Why Only Five DeFi Protocols Are Investable 16:53 Putting Digital Company Credentials Onchain 17:19 Fully Onchain Agents That Cannot Run Away 17:51 Agents at the Center, Humans at the Edge 18:24 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this fireside chat, Taylor Lindman, Chief Counsel of the SEC's Crypto Task Force, sits down with Salman Banaei from Plume to discuss the SEC's evolving approach to onchain capital markets. Taylor explains that the Crypto Task Force, established by Chairman Atkins as one of his first acts, serves a coordination function across the SEC, assisting with rulemaking, conducting outreach (over 200 industry meetings to date), and institutionalizing crypto expertise across SEC divisions. The task force is measuring itself on two major buckets: clarifying when tokens are subject to securities laws (resulting in a recent commission interpretation), and accommodating new ways market participants want to tokenize, clear, and settle securities. The conversation digs into how SEC regulation maps onto public permissionless blockchains like Ethereum versus permissioned alternatives. Taylor expresses that blockchains work best as neutral infrastructure with permissionless properties, while acknowledging tradeoffs for specific applications. He walks through how Bank Secrecy Act and KYC requirements apply mainly to intermediaries like broker dealers and mutual funds, and how transparent onchain systems can enable compliance through new methods like allow lists and onchain checks. Taylor discusses how DeFi protocols challenge traditional intermediary frameworks since smart contracts lack the "person" most regulations are built around, the issuer led tokenization model recently outlined by SEC staff, and a major shift in enforcement away from registration violations toward materiality and actual harm. He closes by inviting builders to engage with the task force directly through their website. 00:00 Introduction 00:08 What the SEC Crypto Task Force Does 02:22 Two Major Buckets: Token Status and Onchain Securities 03:08 Key Performance Indicators Through 2028 04:38 The SEC's View on Public vs Permissioned Blockchains 05:47 Why Neutral Infrastructure Matters 07:02 Bank Secrecy Act, KYC, and AML Requirements Explained 08:32 Non BSA Reasons for Identity Collection 09:49 New Technologies for Compliance Onchain 10:53 How the SEC Interfaces with Treasury on Innovation 11:48 Mapping Securities Laws onto DeFi Protocols 13:21 When Protocols Are No Longer Acting Like Intermediaries 14:46 The Path for DeFi as Neutral Infrastructure 16:08 The Immature State of Tokenized Securities Markets 16:50 The Role of Issuers and Transfer Agents 17:21 Issuer Led Tokenization Models 18:23 Third Party Issued Securities and Derivatives 20:09 Re-Evaluating Enforcement Theories Against DeFi Developers 21:38 Reset Point on Investment Contract Analysis 22:50 From Registration Violations to Material Harm 23:15 Call to Builders: Engage with the Task Force 24:01 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this fireside chat, Camila Russo from The Defiant sits down with Hayden Adams, founder of Uniswap, to discuss the current state of DeFi, the recent Unification proposal, regulation, RWAs, perps, and what's next for Uniswap V4. Hayden frames the current moment as a pivotal one where DeFi is being integrated into mainstream finance through Coinbase, Robinhood, Deel, and traditional fintechs, while simultaneously facing a wave of security exploits driven by smarter AI tooling like Claude finding vulnerabilities in poorly written contracts. He sleeps well at night because Uniswap V3 underwent nine consecutive audits with a $15 million bounty, processes over a trillion dollars per year, and has never been exploited. He argues AI tooling will ultimately harden DeFi contracts to a far greater extent, and the projects that survive will be the ones that removed off chain dependencies and single points of failure. Hayden discusses the Unification proposal approved in December that consolidated foundation work into Labs and gradually rolled out fee switches, including a recent all time high single day burn of 186,000 UNI (about $500K) with V4 fees still not yet activated. He acknowledges the UNI token price disconnect from the burn but attributes this to general crypto market correlation, expecting fundamental value to assert itself over time. On regulation, Hayden explains how the shift from the Gensler era of regulation by enforcement has already done much of the work by removing the chilling effect, and the BRCA software developer protections are the key piece he'd want enshrined in any market structure bill. He outlines how Uniswap fits into RWAs and tokenization through the internet analogy (existing assets going onchain plus crypto native assets), differentiates Uniswap's neutral spot infrastructure approach from Hyperliquid's exchange as a product approach, and previews V4 hooks being built internally to optimize for stablecoins (where Uniswap has overtaken Curve as the dominant venue), yield bearing assets, RWAs, and volatile assets, plus a focus on issuer side tools and developer API integrations. 00:00 Introduction 00:08 DeFi at a Pivotal Mainstream Adoption Moment 01:35 Why Exploits Are Surging: AI Tooling Finds Bugs 02:22 Test in Production Mentality Doesn't Work Anymore 02:46 How V3 Survived: Nine Audits and a $15M Bounty 03:31 Launching a New Version Like Launching a Rocket 03:53 DeFi Ultimately Enables Safer Applications 04:24 Off Twitter, Adoption Is the Best It's Ever Been 05:15 DeFi Will Come Out Stronger From This Stress Test 06:29 The Unification Proposal Six Months In 07:38 Gradual Fee Switch Rollout and Sensitivity Testing 08:18 All Time High Single Day Burn of 186,000 UNI 09:00 The UNI Token Price Disconnect From Burn 10:39 Fundamental Value Will Assert Itself Over Time 10:56 Regulation: From Gensler Era to New Posture 11:53 The Chilling Effect That Held Back Integration 13:14 BRCA and Software Developer _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Tim Beiko

ETHGlobal · Jul 9, 2026

In this talk, Tim Beiko, who spent eight years on Ethereum core protocol R&D coordinating major network upgrades like EIP-1559 and The Merge, presents his thesis on how Ethereum can evolve from being "unreasonably sufficient" to becoming "reasonably necessary" infrastructure for the world. He explains that the question keeping him up at night for years was whether Ethereum could scale to planetary infrastructure without compromising its core properties, and with zero knowledge proofs and data availability sampling now in production, that question has been answered. The harder question now is what Ethereum should actually be used for. Tim argues that for Ethereum to truly succeed, it must provide things the world genuinely needs that cannot be obtained elsewhere, and those things must depend on Ethereum's unique properties of permissionlessness, immutability, censorship resistance, and decentralization. He contrasts two possible outcomes: The Pirate Bay as a cautionary tale of useful technology that became niche versus TSMC as the level of strategic importance to aim for. He identifies three core affordances that Ethereum uniquely provides: durable commitments across jurisdictions and time, canonical uniqueness through globally consistent state, and programmable trust as a dial rather than binary gate. He uses flash loans as a proof point of financial primitives impossible elsewhere, and suggests prediction markets becoming composable risk infrastructure as one possible frontier. He closes by announcing his focus is shifting from protocol work to finding the applications that deserve to run on Ethereum at planetary scale. 00:00 Introduction 00:11 Background and Ethereum's Special Properties 00:54 Unreasonable Sufficiency: Simple Protocols, Complex Results 01:19 The New Question: What Should Ethereum Be Used For 02:24 Why Ethereum Must Provide What the World Needs 03:28 Cautionary Tale: The Pirate Bay vs Strategic Goal: TSMC 04:34 Why Apps Must Depend on Ethereum, Not Just Run on It 05:33 Why DeFi and L2s Are Foundations, Not Final Answers 06:55 The Bar for Reasonably Necessary Territory 07:49 Three Core Affordances Ethereum Uniquely Provides 08:32 Durable Commitments Across Time and Context 09:13 Canonical Uniqueness and Double Spend Prevention 10:04 Programmable Trust as a Dial, Not a Binary Gate 10:54 Settlement Physics and Flash Loans as Proof 12:18 Prediction Markets as Composable Risk Infrastructure 13:18 AI Agents and Onchain Trust at Machine Speed 13:52 The Foundation Is Already in Place 14:31 Tim's Next Chapter: From Protocol to Applications 15:08 Closing: Becoming Reasonably Necessary _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Stani Kulechov

ETHGlobal · Jul 9, 2026

In this talk, Stani Kulechov, founder and CEO of Aave, frames credit as the last great frontier of the internet revolution and explains why Ethereum is uniquely positioned to solve it. Drawing on his pre-Aave experience running a fintech startup focused on receivables, Stani argues that while the internet transformed information, commerce, and communications into global systems, credit remains stubbornly local due to coordination problems across lenders, borrowers, intermediaries, localized regulation, and siloed capital. This fragmentation creates capital inefficiencies, regional interest rate discrepancies, and lost opportunities, particularly relevant today as credit historically backed industrial revolutions and will fund the next wave of AI, data centers, and infrastructure. Stani positions Ethereum as the connecting tissue and operating system that replaces manual, layered cost structures with programmable, automated infrastructure offering full transparency and execution certainty. He shares Aave's traction: over 1 trillion in cumulative loans, 3.5 trillion in cumulative deposits, and a peak of 75 billion in net deposits, proving Ethereum can support institutional scale. He explains how Aave V4's modular architecture solves the central tension between capital efficiency and risk isolation, allowing shared liquidity across pools while maintaining risk controls per market. He highlights tokenization unlocking utility for real world assets through DeFi, the bootstrapping advantages of shared pools, and the Wabi e-commerce integration as proof that fintechs and asset issuers are already moving onchain. Stani closes by predicting that the lowest cost of capital will increasingly come from DeFi as a global liquidity aggregator. 00:00 Introduction 00:08 From Fintech Receivables to Building on Ethereum 01:07 How the Internet Transformed Everything Except Credit 02:22 The Coordination Problem in Credit Markets 03:22 Regional Interest Rate Discrepancies and Capital Inefficiencies 04:41 Ethereum as the Connecting Tissue for Finance 05:21 Credit as the Backbone of Industrial Revolutions 06:40 Replacing Manual Cost Structures with Programmable Infrastructure 08:15 Pricing Risk and Reward Across End to End Markets 09:15 Aave by the Numbers: 1 Trillion in Cumulative Loans 10:27 What Works for Crypto Assets Will Work for All Finance 10:54 The Pool Model and Network Effects 11:26 Capital Efficiency vs Risk Isolation Tradeoff 12:25 Aave V4: Shared Liquidity with Isolated Risk 13:24 Solving the Bootstrapping Problem for RWAs 14:34 Tokenization Plus DeFi Utility 15:40 Why DeFi Will Offer the Lowest Cost of Capital 16:44 Wabi E-commerce Integration Case Study 17:21 Modular Infrastructure for All Asset Types 17:45 Borrowing Against Securities and Stocks Onchain 18:16 Funding the Future: AI, Data Centers, Solar Energy 19:19 Closing Remarks _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this fireside chat, Ishan Singh from Google Cloud's digital asset team sits down with Christian Crowley, partner on the A16Z crypto go to market team, to discuss the pending Clarity Act, the future of tokenization, agentic commerce, and lessons for crypto founders selling into institutions. Christian draws on his background as a former founder who built DeFi and AI startups and the first Ethereum analytics company under the Consensys umbrella, plus his time at AWS, to explain that good go to market advice often sounds great in theory but is much less compelling in execution. His central principle for the founders he advises is reducing user friction at every step. The conversation digs into the parallel tracks of stablecoins and tokenized deposits. Christian explains that banks want the 24/7 interoperability and composability benefits but want to maintain deposit relationships and fit into existing compliance frameworks, which is why tokenized deposits will persist alongside stablecoins. Ishan previews Google Cloud's Universal Ledger product built at the protocol level for interoperability between onchain money assets. On RWAs, Christian argues tokenization itself is not the product since what matters is what the asset gains (24/7 trading, collateral mobility, interoperability), with money markets and treasuries leading early. Ishan emphasizes collateral mobility as the real killer use case for eliminating reconciliation across TradFi books and records. They debate the rails for agentic commerce, with virtual cards up 6x year over year offering an easier behavior shift while X2X and direct stablecoin payments make more sense for net new behaviors like real time compute adjustments. On the AI security tension, Christian notes that until frontier models have comprehensively reviewed existing code bases there is an unknowable set of risks in production, and the same tools attackers use are available to defenders. Ishan covers Google Cloud's MPC wallet using key shares with sub second signing across Ethereum, Bitcoin, Solana, and Universal Ledger. Christian closes with the most consistent founder mistake: assuming Web2 go to market lessons don't apply to Web3, when enterprises buy for clear measurable benefits, not decentralization. 00:00 Introductions 01:22 What Christian Brings to Founder Conversations 02:15 Reducing Friction as a Core Mental Model 03:14 The Clarity Act and Tokenized Deposits vs Stablecoins 04:00 Why Banks Want Tokenized Deposits 05:14 From Bank Issued Stablecoins to Integration Focus 05:56 Google Cloud Universal Ledger and Interoperability 06:26 The Trouble with the Term RWA 07:12 Tokenization Itself Is Not the Product 07:53 Why Collateral Mobility Is the Real Killer App 08:39 Eliminating Reconciliation Across TradFi 08:57 Money as Internet Packets 09:50 Legacy Distribution vs Better Technology 10:34 Rails for Agentic Commerce 11:00 Virtual Cards vs X2X and Stablecoins 11:36 Why Virtual Cards Are Easier Behavior Shifts 12:26 When Net New Behaviors Call for Open Rails 13:05 The Dark Side of AI for Web3 14:00 Founders Have Always Cared About Security 14:21 The Race Between Frontier Models and Attackers 15:14 Google Cloud MPC Wallet 15:59 Sub Second Signing Across Multiple Chains 16:41 Common Mistakes Founders Make Selling to Institutions 17:54 Why Best Technology Doesn't Always Win 18:11 The Champion's Asymmetric Risk Inside Enterprises 18:40 TradFi Budget Constraints and Quantifiable ROI 19:24 Knicks or Spurs Tonight 19:43 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Sam Jain, founder of Fluid, walks through how his team has been building DeFi infrastructure since 2018 and how Fluid is now positioned to scale tokenized assets through unified liquidity, utility, and distribution. He frames the team's origin story from an ETH Global hackathon when total DeFi TVL was below $100 million, building Instadapp which invented smart wallets, was the first user of flash loans, did extensive composability work on money Legos, and pioneered the looping strategy that now powers roughly 50% of DeFi. Constrained by being middleware on top of other protocols, the team launched Fluid in February 2024 to own the protocol layer and drive deeper algorithmic innovation. Fluid became the second largest DEX on Ethereum within 3 months of launch and the fastest DEX to reach $100 billion in volumes (in 326 days), with a peak market size of $6.5 billion. Sam positions Fluid not as just a lending market but as a capital efficient meta protocol that is already a DEX, vault, and money market and will host anything finance has to offer over the next 5 to 10 years. Every dollar on Fluid works extra mile because the total borrow to total deposits ratio has been the highest in DeFi since launch. For asset issuers facing the bootstrapping challenge of tokenizing, securing DEX liquidity, dealing with liquidity providers, and integrating with lending protocols, Fluid offers all of these at once including liquidity as a service where Fluid itself provides hundreds of millions in DEX liquidity at minimal cost without counterparty risk for the issuer. He explains how Fluid is 4 to 5x more capital efficient than competitors for liquidity depth. He shares two major partnerships: Jupiter Lend on Solana (powered by Fluid, leveraging Jupiter's distribution while Fluid provides the tech), Etherealize and Bitwise Jupiter integration that grew to half a billion within a week, and Venus Flux on BNB Chain. Sam closes by explaining that institutions can use Fluid to own their own lending protocol, DEX, and users with bespoke solutions including KYC, permissioned access, fixed rates, and credit markets, with announcements coming for both crypto centralized and TradFi onboarding partnerships. 00:00 Introduction 00:11 From 2018 Hackathon to Instadapp Origins 00:57 Inventing Smart Wallets, Flash Loans, and Looping 01:26 Why the Team Built Fluid to Own the Protocol Layer 01:55 Launching Fluid in February 2024 02:26 What Fluid Is Today and Tomorrow 02:52 Fastest DEX to $100 Billion in Volume 03:22 Highest Borrow to Deposit Ratio in DeFi 03:52 The Trillion Dollar Tokenization Opportunity 04:28 Eight Years From One Stablecoin to Thousands 05:06 The RWA Bootstrapping Challenge 05:27 Why Fluid Offers Everything at Once 05:54 Asset Issuers Already on Fluid 06:31 Liquidity as a Service for Asset Issuers 07:03 No Counterparty Risk for Issuers 07:26 Building Toward Credit Markets, Fixed Rates, Forex, Perps 08:22 What Fluid Provides Institutions 08:45 Helping TradFi Institutions Navigate DeFi 09:51 Why an Eight Year DeFi Team Matters 10:18 Partnership: Jupiter Lend on Solana 11:13 What Fluid Asks From Partners: Distribution 11:38 Partnership: Etherealize and Bitwise Jupiter 11:38 Partnership: Venus Flux on BNB Chain 12:12 Institutions Owning Their Own Lending Protocols 12:41 Bespoke Solutions: KYC, Permissioned, Fixed Rate 13:01 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Odysseas Lamtzidis from Phylax presents preventative safety infrastructure for DeFi as the answer to how institutional capital can trust onchain systems without forcing the space to centralize. He frames the core security problem: in traditional finance you can always revert to an Excel sheet, but in crypto instant settlement means mistakes are irrevocable. The same property that excites investors for capital efficiency is what scares them. He defines a hack as the divergence between business logic and protocol logic, since the software is the asset and the asset is the software, where a single line of code determining ownership of billions in USDC can be rewritten by an attacker. Current security measures like monitoring are reactive, co-signers introduce centralization, and contagion turns isolated failures into systemic events. Odysseas walks through how the Kelp bridge incident cascaded into $300 million in bad debt at Aave (which had no part in the original hack), and how regulators are noticing the pattern of small groups making urgent discretionary decisions, slow responses, and accountability gaps like Circle being sued whether they freeze assets or don't. He argues for controls that are visible, automatic, and preventative, removing the human element. Phylax has built an integrated circuit breaker and evidence layer operating at the network level (block builder, validator, or sequencer) where applications register policies via smart contracts, and a sidecar drops any transaction that violates those rules. The system is transparent (rules known in advance), auditable (every decision creates records), and rules based with no human in the loop. He notes Phylax is already in production with Linea, having dropped over 4,000 transactions and protecting users from nearly $50,000 in losses. He closes by outlining a counterparty risk framework covering scope, boundaries, who can modify policies, operational integrity, incident response, and code delta from audits, urging the industry to self regulate through efforts like the Seal Framework or face violent unilateral regulation. 00:00 Introduction 00:11 Why Security Is Different in DeFi 00:37 Instant Settlement Makes Mistakes Irrevocable 01:13 Defining a Hack: Business Logic vs Protocol Logic 01:36 The Software Is the Asset 02:06 Current Security: Monitoring and Co-Signers 02:26 The Cascading Threat of Contagion 02:51 Formal Verification and Runtime Enforcement 03:38 The Question Runtime Enforcement Asks 03:54 Case Study: Kelp Bridge and Aave Contagion 05:03 Aggressive Caps and Regression to Centralization 05:25 What Regulators Are Seeing 05:53 The Circle Freezing Problem 06:30 Visible, Automatic, Preventative Controls 06:58 How Phylax Works at the Network Level 07:31 The Sidecar Architecture 08:00 Three Attributes: Transparent, Auditable, Rules Based 08:21 Defining Unacceptable Economic Outcomes 09:20 Composing Deterministic and Probabilistic Signals 09:55 In Production with Linea 10:16 4,000 Transactions Dropped, $50K Protected 10:48 Counterparty Risk Is the Hidden Problem 11:19 Why Discretionary Controls Already Exist as the NYSE 11:44 Why Institutions Pulled Back After Kelp 12:09 Three Steps: Define, Enforce, Record Risk 12:41 A New Counterparty Framework 13:28 The Seal Framework and Self Regulation 14:14 Closing: Decentralization and Investor Protection Together _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, William Mougayar from TRUSTSHIFT, who has been in the blockchain space for 14 years, presents a new framework for valuing Ethereum comprehensively as public goods infrastructure rather than just another crypto token. He opens by addressing a vexing problem: crypto valuations are not driven by fundamentals but by external factors like Middle East wars, inflation, US dollar strength, Nvidia earnings, and liquidity availability. His thesis is that misvaluation persists because there is no one size fits all, and Ethereum specifically requires a different framework than DeFi protocols (which use TVL, fees, treasury), revenue chains like Tempo and Solana (which use discounted cash flow), or Bitcoin (which positions as digital gold). William argues a critical mistake people make is trying to separate ETH the asset from Ethereum the platform. The reality is four E's: Ethereum the platform, ETH the asset, the Ethereum Foundation, and the ecosystem, all working synergistically. He draws an extended analogy to the early internet, recalling his 1995 internet book Opening Digital Markets when eyeballs were the primary metric. Just as internet valuation evolved over decades, Ethereum is still early in its valuation maturity. Applying internet valuation methodology, he breaks Ethereum value into three buckets: captured value (fees), economic flow (ETH as a currency, like digital oil), and the trust surplus (the unpriced value users would have paid minus what they actually pay), estimated at $50 to $150 per user across 20 to 30 million meaningful users, plus systemic value from fraud reduction, less counterparty risk, and settlement efficiencies. The math lands Ethereum's fair value at minimum $1 trillion, implying an ETH price around $8,000, roughly four times current levels. He highlights that Ethereum already settles $3 trillion in stablecoin transfers per month without being the fastest chain, proving valuation is about economic settlement not TPS. He closes by arguing Ethereum's value should be measured like the US dollar's role in oil and trade, not by short term revenue, since just as no one values the internet by packet fees, no one should value Ethereum purely by transaction fees. 00:00 Introduction 00:11 Reframing How to Value Ethereum 01:13 Why Crypto Valuations Are Not Driven by Fundamentals 02:29 Segmenting the Crypto Space 02:57 Why DeFi Is the Most Advanced in Quantifying Fundamentals 03:21 Revenue Chains: Tempo and Solana 03:49 Bitcoin as a Special Snowflake 04:09 Why Separating ETH from Ethereum Is Wrong 04:48 The Four E's of Ethereum 05:18 The Internet Analogy: From Eyeballs to Platforms 06:45 Structural Similarities Between Ethereum and the Internet 07:41 Why More Value Is Created at the Application Layer 08:20 Why Tether Overtaking ETH Wouldn't Be Bad 09:10 The Three Buckets of Internet Value 10:04 Search and Email Consumer Surplus 11:07 Three Properties of Public Goods 12:01 Applying the Framework to Ethereum 12:27 ETH as Digital Oil 12:49 Estimating the Trust Surplus per User 13:28 Systemic Value: Settlement, Fraud Reduction, Counterparty Risk 14:00 The Math: $1 Trillion Valuation, $8,000 ETH 14:38 Why the Internet Was Also Doubted Before 2000 15:26 Why Markets Continue to Mispric Ethereum 15:48 Why L2 L1 Relationships Aren't Value Extractive 15:48 Ethereum Settles $3 Trillion in Stablecoins Monthly 16:23 The Paradigm Shift: Flow Based vs Fee Based 16:45 Why ETH Is Like the US Dollar 17:33 You Don't Value the Internet by Packet Fees 17:53 Closing: It's All About Trust _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this fireside chat, Aryan Sheikhalian from CMT Digital sits down with Tom Zschach, who recently finished over six years as Chief Innovation Officer at SWIFT, to discuss settlement, trust, tokenization, and neutral governance. Aryan opens on crypto's pitch that it is faster and cheaper, and asks whether speed was ever what held institutions back. Tom explains that while speed and cost matter, the institutional space above all needs certainty: a treasurer sending millions or billions wants security and recourse, and will accept a transaction taking a few seconds longer if the outcome is guaranteed. He addresses what crypto misunderstands about SWIFT, clarifying that SWIFT is a messaging and coordination network that does not issue value, settle, or custody. It coordinates trust through standards, a rule book, and bilateral agreements, and he calls it the original DAO with human governance. Tom explains the SWIFT ledger, a blockchain layered on top of the existing network with no mandates, whose first use case is banks making cross border payments between themselves using deposit tokens as an alternative to nostro vostra accounts. On trust, he frames the hard problem as a boundary issue: blockchains work well for things fully inside the network like swaps and staking, but get complicated when relying on external data or representing off-chain assets like stablecoin reserves. He predicts the most liquid, well understood markets like tokenized bonds and treasuries (DTCC targeting up to $100 trillion) will be tokenized first, while dispute prone assets like real estate come later. He warns against replicating incumbency and single chain control in Web3, favoring a multi-chain world with real competition even as Ethereum sits in pole position. Drawing on his time at CLS (which settles around $10 trillion daily across 18 currencies), he argues scaling institutional adoption requires regulatory clarity and credentials like KYC and wallet eligibility traveling with the asset across chains. He closes bullish that cross border value will move on public blockchains, citing Citi's $5.5 trillion projection. 00:00 Introduction 00:28 Meet CMT Digital and Tom Zschach 01:08 Was Speed Ever What Held Institutions Back 01:28 Why Institutions Need Certainty Above All 02:22 What the Crypto Crowd Misunderstands About SWIFT 03:06 SWIFT as a Messaging Network 03:26 What SWIFT Is Not: No Value, Settlement, or Custody 03:49 Adding Density and Endpoints With the SWIFT Ledger 04:05 SWIFT as a Coordination Network for Trust 04:41 What Blockchains Need to Replicate SWIFT 05:03 Why SWIFT and Blockchains Do Different Things 05:30 SWIFT as the Original DAO 05:56 How the SWIFT Ledger Works 06:25 Cross Border Payments With Deposit Tokens 06:51 What Trust Means Across TradFi and Crypto 07:33 Why External Dependencies Are the Hard Part 08:11 Stablecoins and the Boundary Issue 08:32 What Gets Tokenized First 09:02 Why Demand for Digital Money Is Clear 09:20 Liquid Markets: Bonds and Treasuries First 10:02 Why Dispute Prone Assets Come Later 10:45 SWIFT as the First DAO Revisited 11:22 Incumbency on Blockchain Rails 11:43 Why a Single Chain Undermines Neutrality 12:14 Why a Multi-Chain World Is Better 12:49 Room for More Open Governance 13:10 Leveling the Playing Field With DeFi 13:39 Tokenization Primitives Like Transferable KYC 14:31 Why He Calls It Finance, Not TradFi 14:49 Tokenization Transforming Capital Formation 15:18 Why Transformation Takes Time 15:45 What Convinced Him From Inside the Incumbent 16:07 CLS and $10 Trillion Daily FX Settlement 16:32 Why FX Settlement Was an Early Blockchain Use Case 17:25 Getting Banks Hooked Into Digital Assets 17:47 The Missing Pieces for Institutional Scale 18:21 Why Scale Breaks Across Venue and Chain 18:51 Why Credentials Must Travel With the Asset 19:12 ZK and Solving 19:35 Five Years Out: Value on Public Blockchains 20:09 Citi's $5.5 Trillion Projection 20:42 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Nick Stoev

ETHGlobal · Jul 9, 2026

In this talk, Nick Stoev from Mellow addresses what he calls the idle trillion: the gap between how much capital sits on chain and how little of it is actually working. Drawing on 10 years building in the space, he traces the industry's evolution from an isolated world with few on-ramps and off-ramps and almost no real world use cases, through DeFi summer as the kickstarter, to today's landscape of on-chain settlement, tokenized products, and real world assets. He cites over $300 billion in stablecoins on chain now with BCG projecting more than $18 trillion by 2033, then polls the audience on how much of that capital is truly working. The answer is only around 10%, and he argues two forces are changing that: shifting regulations that, while limiting some asset classes, enable banks and institutions to hold stablecoins on their balance sheets, and the rise of payments and settlement as the main driver since on-chain settlement is atomic, cross border, and 24/7. Nick frames the opportunity in two parts: settlement, which is already solved with custodians, stablecoin settlement, and bridging infrastructure live today, and management, which is still being built and involves not just technology but business processes, strategy construction, compliance, NAV reporting, and strategy isolation. As sophisticated asset managers arrive from TradFi and fintech, the industry needs more guardrails and tech stack pieces to route capital between assets (stablecoins, money market funds, commodities) and distribution channels (wallets, exchanges, brokers, issuers). He stresses that yield is a liability with very different risk characteristics for retail versus institutions, where APY is the last question asked after transparency, risk, and structure. He covers the same yield stack serving AI agents that need guardrails since models hallucinate, DeFi products being baked invisibly into fintechs like Deel and Stripe, and Mellow's vault stack that deploys strategies on chain in hours without smart contract development. He emphasizes on-chain enforced risk management removing the need to trust asset managers, and the faster pace of updating strategies as RWAs make the market more dynamic, closing that the coming year will bring far more capital on chain and deeper DeFi and TradFi convergence. 00:00 Introduction 00:12 The Idle Trillion and an Invisible Industry 00:51 How the Industry Has Changed in 10 Years 01:17 The Numbers: 300 Billion in Stablecoins 01:57 Audience Poll: How Much Capital Is Working 02:26 Why Only 10% of Capital Is Active 02:26 First Driver: Changing Regulations 02:53 Second Driver: Payments and Settlement 03:16 Why Settlement Is Naturally On-Chain 03:44 The CFO Question About Treasury Stablecoins 04:17 Two Parts: Settlement and Management 04:42 Why Management Is More Than Technology 05:16 How the Asset Manager Landscape Is Changing 05:47 Assets and Distribution Already Solved 06:16 The Missing Middle: Strategies and Routing 06:48 Why Yield Is a Liability, Not Just a Number 07:25 Why Institutions Ask About Risk First 07:55 The Yield Stack for AI Agents 08:20 Why Agents Need Guardrails 08:20 DeFi Products Baked Into Fintechs 09:08 Invisible Deposit Buttons for End Users 09:39 Mellow's Vault Stack 10:08 On-Chain Enforced Risk Management 10:37 Transparency and Trust Without Trusting Managers 10:59 Why Speed of Updates Matters 11:29 Reallocating Capital Almost Instantly 12:03 Summing Up: DeFi and TradFi Convergence 12:32 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Vlad Novakovski, founder and CEO of Lighter, digs under the hood of how his high performance trading platform operates at scale on top of Ethereum. Coming from a TradFi background, Vlad frames Lighter as part of the broader story of TradFi and DeFi merging. Lighter is used to trade primarily perps but also spot assets, and has been operating for a year and a half. The core concept is that every execution is verifiable by proof. Since finance has a relatively small number of primitives (order books, limit and market orders, cancels, liquidations, funding) compared to a general purpose computer, Lighter built a custom L2 for finance that runs at NASDAQ like throughput while keeping everything verifiable. Every order and cancel is signed and processed by a currently centralized sequencer, but because all activity is proven with zero knowledge proofs, it matters less whether the sequencer is centralized since anything it does must follow the rules encoded in the ZK circuits. Vlad explains that a prover cluster of over 10,000 to 15,000 machines generates proofs behind the real time trading, aggregating up to 800,000 actions into a single proof posted on Ethereum L1. The rules are public and compiled into a succinct verifier, so first in first out ordering, liquidation logic, and market fairness are guaranteed, and if even one transaction in a batch of 500,000 is matched incorrectly, the code on Ethereum rejects the whole batch. He shares metrics including a peak 24 hour period of 811 million transactions, average TPS above 6,000 with spikes toward 20,000, latency below 200 milliseconds (the lowest of any decentralized exchange), 14,000 to 15,000 daily active users, $140 billion in volume over three months, and $7.5 million in revenue. He highlights Lighter's non custodial design with an escape hatch letting users recover assets through Ethereum even if Lighter stops working, the ability to customize rules for permissioned assets and tokenized stocks with dividends and splits, and independent verification of Lighter's full history by L2Beat. He emphasizes that the custom ZK circuits keep proving costs around 10 to 20% of revenue, echoes Vitalik's point that the most efficient L2 needs the most secure L1 underneath, and closes by inviting developers to build on LighterVM, being developed with the Axiom team. 00:00 Introduction 00:41 TradFi and DeFi Merging at ETHConf 01:05 What Lighter Is: Perps and Spot Trading 01:29 Focusing on the Infrastructure Side 02:11 Why Finance Has Few Primitives 02:32 Building a Custom L2 for Finance 03:05 Why Security and Verifiability Matter 03:33 How Signed Orders and the Sequencer Work 04:13 The Prover Cluster of 15,000 Machines 04:38 Aggregating Proofs and Posting to Ethereum L1 05:12 Public Rules: First In First Out 05:45 Why Fair Liquidation Rules Matter 06:19 Peak Stats: 811 Million Transactions in a Day 06:51 Thousands of Provers on Mixed Infrastructure 07:15 Why It Doesn't Matter Who Generates the Proof 07:53 Non-Custodial Design and the Escape Hatch 08:57 Extending Rules to Asset Administration 09:30 Custom Rules for Permissioned and Tokenized Assets 10:02 Fairness Proven by Math Block by Block 10:21 A Permanent Record on Ethereum 10:21 L2Beat Independently Verifies Lighter's History 10:55 Daily Active Users and TPS Metrics 11:21 Sub 200 Millisecond Latency 11:45 The Most Efficient L2 Needs the Most Secure L1 11:45 Economics: $140 Billion Volume, $7.5M Revenue 12:18 Why Custom Circuits Keep Proving Costs Low 12:38 Strong Margins and Low Cost Structure 13:14 The Magic of Proving Finance With Math 13:40 LighterVM and Composability With Axiom 13:40 Closing and Call to Developers _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Cole Kennelly, founder of Volmex Labs, traces the history and evolution of onchain derivatives from the early days to where the market is headed. He introduces Volmex as the premier benchmark index company for crypto, having pioneered volatility indices like the BVIV and EVIV (analogous to the VIX but for Bitcoin and Ethereum), which are available on Bloomberg Terminal, Polymarket, TradingView, and others. He defines onchain derivatives as platforms making perpetual futures, options, and other instruments tradable in DeFi, offering 24/7 global, permissionless, and fully transparent markets, while acknowledging cons like public liquidation thresholds and higher latency, noting the adage that pioneers get slaughtered while settlers get rich. Cole frames the market in four generations. Gen one (2017 to 2020) included pioneers like dYdX, Synthetix, and Augur that had directionally right ideas but were too early, with dYdX's perpetual focused app chain foreshadowing today's Hyperliquid and Lighter, and Augur serving as Polymarket before Polymarket. Gen two (2021 to 2023) was defined by automated market makers and option vaults through protocols like GMX, Gains, and Ribbon, where GMX's GLP model was a bootstrapped grassroots first foray, though AMMs proved less scalable than order books. Gen three (2023 to 2025) is characterized by scalable protocols like Hyperliquid, Polymarket, and Lighter with their own dedicated chains and bolted on ecosystems like HyperEVM and LighterEVM, driving explosive volume into the tens of trillions. He shares that onchain perpetuals saw around $20 billion in 24 hour volume, $650 billion over 30 days, and $14.7 billion in open interest, with an all-time high of $80 billion transacted on the volatile October 10th. He highlights the rise of RWA derivatives (TradeXYZ on Hyperliquid running the official S&P 500 perpetual, FX perpetuals on Lighter) and prediction markets like Polymarket, which crossed the chasm during the 2024 presidential election with $2.7 billion on one market. He closes positioning the current moment as gen four, predicting more privacy, greater expressivity, and net new derivative types, and reiterates that onchain derivatives are global, always accessible, transparent, and real time auditable. 00:00 Introduction 00:33 Meet Cole and Volmex Labs 00:55 Volmex Volatility Indices Overview 01:44 What Are Onchain Derivatives 02:10 The Pros and Cons of Onchain Derivatives 02:32 The Verticals of Onchain Derivatives 02:58 The Four Generations Framework 03:20 Gen One Pioneers: dYdX, Synthetix, Augur 03:57 Why dYdX Was Ahead of Its Time 04:48 Synthetix and Early RWA Exposure 05:06 Augur as Polymarket Before Polymarket 05:27 Gen Two: AMMs and Option Vaults 05:47 The GMX and GLP Model 06:21 Why AMMs Are Less Scalable Than Order Books 06:42 Option Vaults Ahead of Their Time 07:06 Gen Three: Hyperliquid, Polymarket, Lighter 07:42 Perpetual Futures in 2025 08:08 Why Exchange Dedicated Chains Unlock Scale 08:39 The Rise of RWA Protocols 09:11 Volume and Open Interest by the Numbers 09:46 Rivaling Binance and Coinbase 10:08 The October 10th All-Time High 10:28 RWA Perpetuals and TradeXYZ 10:52 The Official S&P 500 Perpetual 11:15 FX Perpetuals on Lighter 11:15 Prediction Markets Becoming Ubiquitous 11:49 How the 2024 Election Crossed the Chasm 12:15 Reading Markets Instead of Polls 12:37 Fed and Asset Price Markets 13:02 Volmex Markets on Polymarket 13:21 Where Onchain Derivatives Go: Gen Four 13:46 The Next Wave of Innovation 14:19 Key Takeaways 14:45 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this fireside chat, Camila Russo from The Defiant sits down with Carlos Domingo, co-founder and CEO of Securitize, just days after the SEC approved their S-4 filing, clearing the path for Securitize to go public through a SPAC merger with Cantor Equity Partners II. Carlos explains that after 8 years building the company and landing major partnerships with BlackRock, Apollo, and VanEck, the successful Circle IPO signaled that if there's investor demand for tokenized dollars (stablecoins), there should be demand for tokenizing everything else too. The SPAC merger gets shareholder approval June 29th and Securitize begins trading on the NYSE around July 2nd under the ticker SCC ("sexy"), with roughly half a billion dollars in cash from the trust and PIPE for acquisitions and expansion. Beyond capital, going public gives the credibility large financial institutions need to work with Securitize. Carlos explains why Ethereum has emerged as the leading blockchain for tokenization: Securitize has been an EVM shop since 2017 when Ethereum was the only credible option, they now have around 30% of assets on Ethereum making it their largest chain, and BlackRock specifically chose Ethereum for BUIDL. Gas fees aren't a problem for their use cases, and Ethereum wins on decentralization, security, ecosystem, and liquidity. On permissioning, Carlos explains they use permissionless infrastructure but issue permissioned assets by whitelisting KYC'd wallets in smart contracts, allowing peer to peer transfers to still happen decentrally. He distinguishes between real privacy (layers on top of Ethereum transactions) versus "database privacy" that just restricts access. On DeFi composability, Securitize built vault technology that lets permissioned assets serve as collateral in permissionless lending protocols (integrated with Aave Horizon, Euler, and others) while controlling liquidation. He addresses the Citi $5.5 trillion RWA projection by 2030, arguing tokenized equities and ETFs are the asset class that will move the needle since only 2-3% of that $150 trillion market moving onchain would nearly get there. He announces Securitize partnerships with the NYSE for 24/7 equity trading with instant settlement and Computershare for onchain equity movement. Carlos strongly criticizes competitors offering derivative wrappers instead of actual equity, praising Superstate, Centrifuge, and Bullish for doing it correctly. He points to BlackRock's BUIDL being the only cash product that pays daily dividends (making it the best performing) as proof that tokenization creates net new utility. He closes by predicting traditional and onchain markets will coexist and consolidate, with Ethereum remaining the multi-purpose leader. 00:00 Introduction 00:07 The SEC Approved Securitize's S-4 00:40 Why Securitize Decided to Go Public 01:28 Why a SPAC With Cantor 01:51 What the S-4 Filing Involves 02:17 The Path to Listing on the NYSE 02:35 The New Ticker: SEC 02:59 What Going Public Enables for Securitize 03:43 Why Ethereum Leads for Tokenization 05:12 Why Gas Fees Are Not a Problem Here 05:28 Why BlackRock Chose Ethereum First 05:48 Permissioned Assets on Permissionless Rails 06:51 Two Types of Privacy 08:01 Making RWAs Composable With DeFi 08:46 Integrations With Aave, Euler, and Horizon 09:05 Trading RWAs via Uniswap X 10:02 What It Takes to Reach $5 Trillion by 2030 10:35 Why Tokenized Equities and ETFs Matter 11:27 Partnerships With NYSE and Computershare 11:44 The Right Way to Do Tokenized Equities 12:31 Why Most Are Just Derivatives 13:44 Why the Token Must Be the Real Share 14:36 What Still Needs Solving: Utility 15:22 The BlackRock BUIDL Example 15:44 Why Tokenized BUIDL Pays Daily Dividends 17:06 Where the Demand Comes From Today 18:15 Are Institutions Waiting on Regulation 18:55 Why There Is Already Clarity 19:45 The Dial-Up Internet Analogy 20:37 When Blockchains Become Invisible 21:14 Financial Markets in Five Years 21:51 A New Parallel Market on Blockchain Rails 22:30 Securitize as the Conduit for TradFi 22:52 Where Ethereum Sits in That Future 23:56 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this fireside chat, William Mougayar from TRUSTSHIFT sits down with Chris Giancarlo, former chairman of the CFTC and current member of Patomak Global Partners, known as "Crypto Dad" for his early advocacy that let Bitcoin futures list on regulated US exchanges in 2017. Chris shares his origin story of coming out of the financial crisis at a swaps trading platform, working through Dodd-Frank rules for five years, then being nominated by President Obama to the CFTC where he served with Sharon Bowen. He recounts how in 2017 Bitcoin was trading around $1,000 and the CME approached him wanting to list Bitcoin futures. Despite intense opposition from the entire financial establishment (JP Morgan, Goldman Sachs, and others calling to shut it down), Chris famously testified to the Senate that "my son is interested in Bitcoin, and I owe it to him to try to understand it," which became a viral moment that gave him the nickname Crypto Dad. The conversation moves to the current regulatory landscape and Chris's vision for what he calls "regulation 2.0." He argues the previous era of regulation was built for an analog world of intermediaries and paper based settlement, but the digital age requires principles based, technology neutral frameworks that can adapt to programmable money, tokenized assets, and 24/7 markets. He praises the current administration's approach with the Genius Act, the Clarity Act working its way through Congress, and the SEC's Crypto Task Force under Chairman Atkins moving away from regulation by enforcement. Chris emphasizes that the US is finally embracing its role as the global leader in digital finance rather than pushing innovation offshore. He shares his optimism about tokenized real world assets, stablecoins as an extension of US dollar dominance, and the convergence of TradFi and DeFi. He closes with advice for builders: engage with regulators early, be transparent about your business model, and focus on solving real problems for real users rather than chasing regulatory arbitrage. 00:00 Introduction 00:15 The Crypto Dad Origin Story 01:24 From Financial Crisis to CFTC Nomination 02:38 The 2017 Bitcoin Futures Decision 03:52 CME Approaches the CFTC 05:04 Wall Street Opposition to Bitcoin Futures 06:17 The Senate Testimony That Went Viral 07:31 My Son Is Interested in Bitcoin 08:44 Becoming Known as Crypto Dad 09:58 The Analog Era of Financial Regulation 11:12 Why the Digital Age Needs Regulation 2.0 12:26 Principles Based and Technology Neutral Frameworks 13:41 The Genius Act and Clarity Act Progress 14:55 The SEC Crypto Task Force Under Chairman Atkins 16:09 Moving Away From Regulation by Enforcement 17:24 US Embracing Global Leadership in Digital Finance 18:38 Tokenized Real World Assets 19:51 Stablecoins Extending US Dollar Dominance 21:04 The Convergence of TradFi and DeFi 22:18 Advice for Builders 23:32 Engaging With Regulators Early 24:45 Focus on Real Problems for Real Users 25:59 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Kartik Talwar

ETHGlobal · Jul 9, 2026

In this brief opening, Kartik Talwar, co-founder of ETHGlobal, welcomes over 2,000 attendees to day two of ETHConf at the Javits Center. He reiterates that ETHConf is the first and biggest institutional Ethereum event in America, run by ETH Global with the goal of promoting the Ethereum ecosystem and getting the smartest people in the world building on the hardest problems in the space. New York was chosen intentionally to bring together the finance world with the broader crypto community, connecting DeFi and TradFi founders alongside builders working on cryptography and distributed systems so both sides can readily collaborate. Kartik previews day two's structure across three continuing themes: how institutions are thinking about adopting stablecoins and DeFi in their day to day flows, how protocols are evolving from an engineering perspective (what's still outstanding, what's being worked on, what to expect in the coming months and years), and how these two threads connect to make it easy for everyone else to come on chain by simplifying UX, technical, and regulatory hurdles at scale. He emphasizes that speakers coming on stage will talk about work they've already shipped rather than work they're just thinking about, and encourages attendees to interact directly with founders throughout the day since decisions happen faster when you can chat with the people building the products. 00:00 Welcome to Day Two of ETHConf 00:30 Why New York and Why Institutional Focus 00:58 Bringing DeFi and TradFi Together 01:23 2,000 Attendees and 150 Speakers 01:51 Day Two Themes: Institutions, Protocols, Adoption 02:20 Real Stuff on Stage, Not Concepts 02:39 Meet Founders Throughout the Day 02:57 Kicking Off the First Talk _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Ameen Soleimani

ETHGlobal · Jul 9, 2026

In this talk, Ameen Soleimani, CTO of 0xbow, presents his approach to privacy without terrorists, opening with gratitude for being American and a warning that cypherpunk values of free speech and open source depend on American law. He recounts the history of Tornado Cash, the original privacy protocol on Ethereum, built because Ethereum users were jealous of Zcash's private money features. His nonprofit MolochDAO funded the initial grants in 2019 and coordinated setting the admin key to zero so the protocol was immutable forever, making it the second ZK-SNARK deployment in history after Zcash. People used it for personal privacy and Vitalik used it to support Ukraine, but after North Korea stole over $600 million and ran hundreds of millions through it, the US Treasury sanctioned the protocol in August 2022, and developers Alexey Pertsev and Roman Storm each received five year sentences. Ameen argues the Tornado Cash devs should not be held liable for users' crimes since they had no criminal intent and the protocol was immutable, warning that Roman's conviction for unlicensed money transmission (despite being non-custodial) implies everything is illegal, since even Etherscan could be considered a money services business. He stresses the appeal succeeding matters for clarity across Ethereum wallets and applications. Addressing the anonymity set problem, he explains privacy pools, developed in a paper co-authored with Vitalik and chain analysis researchers, where users voluntarily prove their deposit belongs to an association set of non-illicit funds without revealing which one, separating good money from bad while avoiding a data honeypot. He details how 0xbow performs KYT checks rejecting untrusted sources while allowing rejected funds to rage quit as an escape hatch preserving non-custodianship. Having anonymized over $20 million on mainnet over a year, he introduces privacy pools v2 (live on Sepolia) with a shielded pool for fully anonymous in-pool transfers hiding sender, receiver, amount, and timing, compliance by default, and features like private payment requests and future DeFi yield. He closes arguing the compromise of hard entry and exclusion without retroactive deanonymization is right, since backdoors can be turned against you, and that privacy will become a national security concern. 00:00 Introduction 00:11 Gratitude for Being American 00:51 Why Cypherpunk Values Depend on American Law 01:19 The Origins of Tornado Cash 01:49 MolochDAO Funding and the Immutable Admin Key 02:10 The Team That Rage Built It in Three Weeks 02:20 Personal Privacy and Supporting Ukraine 02:43 North Korea and the Treasury Sanctions 03:04 Supporting Roman Storm at the Courthouse 03:26 Why the Devs Could Not Be Liable 03:45 The Compliance Tool They Built 04:00 Why the Conviction Makes Everything Illegal 04:30 Why Roman's Appeal Must Succeed 04:45 The Protocol That Grew After the Sanctions 05:04 The Anonymity Set Responsibility 05:36 With Great Power Comes Great Responsibility 05:55 Correcting the No Legitimate Use Case Narrative 06:16 The Federal Reserve Report Recommendation 06:35 Why the Honeypot Problem Matters 06:41 The Privacy Pools Paper With Vitalik 07:21 How Association Sets Work 07:49 Separating Good Money From Bad 08:00 Presenting the Paper at the Bank of International Settlements 08:14 How the Deposit and KYT Check Works 08:35 The Rage Quit Escape Hatch 08:50 A Year Live: Over $20 Million Anonymized 08:58 Privacy Pools V2 and the Shielded Pool 09:21 Why Shielded Pools Beat Confidentiality 09:42 Compliance by Default 10:09 How Rejecting a Deposit Protects Everyone 10:34 Features: Private Payments and Future Yield 10:59 Walking Through the Deposit Flow 11:28 Approval Times on Mainnet 11:59 Making a Private Withdrawal 12:25 The Rage Quit Exit 12:56 Private Payment Requests 13:37 Why No Retroactive Deanonymization 13:50 Why Backdoors Can Be Used Against You 14:16 Privacy as a National Security Concern 14:48 Closing: Win Here, Win for the World _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Shadman Sakib, founder of Flex Global, argues that fintech and banking have missed the real economy by building almost exclusively for customers who already have world class financial infrastructure. Through interactive audience polling, he illustrates that while most attendees use Robinhood and major banks, 99% of the world operates with a patchwork of obscure local banks, stablecoin wallets, FX platforms, manual checks, and separate debit cards just to complete a single transaction. Drawing on nine years at JP Morgan and City plus three years at Mercury, he explains that fintech was built in San Francisco for AI agents, NASDAQ listed companies, and large multi-million dollar deposit holders, while ignoring local manufacturers, middle market businesses, and exporters in places like Colombia hedging against currencies that fluctuate 20 to 30%. He notes even crypto foundations struggled to bank anywhere from 2020 to 2025, relying on patchwork setups across the Cayman Islands, BVI, Singapore, and Switzerland. Shadman contends that while stablecoins solved money movement, they don't solve operations for most companies, and 90% of stablecoin adoption happens overseas precisely where the complex use cases live. He details what's actually missing: invoices and ISO memos attached to payments, FX conversion to local currencies, local bank delivery, 30-day payment terms, and credit, which the US takes for granted but barely exists elsewhere. He critiques neo banks spinning up without true banking DNA or real compliance teams, chasing Solana treasuries and crypto companies with hundreds of millions rather than serving the businesses that drive the global economy. Using a Singapore tire manufacturer on HSBC as an example, he outlines the real needs: multicurrency accounts, multi-entity management, trade finance to borrow against receivables, local off-ramps, real credit, and compliance that understands industries rather than labeling crypto high risk. He explains Flex Global treats stablecoins not as a product to sell but as an augmentation of years of banking rails and credit expertise from servicing over 20,000 middle market customers, offering local currency accounts in 100 plus countries with invoicing, treasury, FX, and native credit. He closes urging the industry to stop building for people already on chain and instead serve those for whom simply holding US dollars is a luxury. 00:00 Introduction 00:12 Interactive Audience Poll 00:38 The One Transaction Nightmare 01:18 How Fintech Missed the Real Economy 01:47 Why the US Has World Class Infrastructure 02:12 How Things Break Outside the US 02:34 The Luxury of Using the US Dollar 03:02 Why Even Crypto Foundations Couldn't Bank 03:32 Who Fintech Has Been Building For 03:54 Building for Large Deposit Holders 04:18 The Neo Bank Cluster Chasing Crypto Treasuries 04:39 Why Regular Businesses Dwarf Crypto 05:02 Serving Crypto After SVB at Mercury 05:24 Why No Compliance Is a Death Sentence 05:45 How Banks Made Money on FX and Fees 06:10 Why the Fastest Money Movement Is Not Moving It 06:43 Why We Keep Building for the Same Customers 07:00 Why 90% of Stablecoin Adoption Is Overseas 07:35 What Is Missing From Stablecoin Payments 07:54 Why Credit Doesn't Exist Outside the US 08:42 Why Real Businesses Have Amplified Needs 09:09 Local Currency and Everyday Bills 09:45 The Singapore Manufacturer on HSBC 10:04 Trade Finance and Borrowing Against Receivables 10:22 Why Real Compliance Must Understand Industries 10:42 Why Neo Banks Lack Banking DNA 11:18 Why the Full Stack Is Hard to Build 11:44 Understanding Invoicing and User Permissioning 12:04 Why Business Payments Need Approval Layers 12:30 Serving the Customers Everyone Ignores 12:55 What Flex Global Is Building 13:25 Stablecoins as Augmentation, Not a Product 13:50 Serving the Customers Actually Moving Money 14:17 Local Accounts, Credit, and Native Rails 14:46 Talking to Design Partners 15:09 Building for People Who See This as Luxury 15:32 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Mikhail Lazarev from Gearbox Protocol shares his playbook for trusting AI agents with capital, opening on the number zero: Gearbox has had zero security incidents in five years and zero bad debt, and zero could also be how much money is left if you fail to secure agents properly. Drawing on two years of piloting experiments starting with prototypes on EigenLayer in 2024, he lays out the Gearbox agentic framework and how anyone can set up a curatorless autonomous AI vault today. He frames the stakes with numbers: BCG projects $19 trillion tokenized on chain by 2033, and while 62% of entities are experimenting with AI per McKinsey, only 10% use it in production, a huge gap. Referencing a recent tweet from a well-known security figure warning that AI is now so good at finding vulnerabilities that DeFi feels unsafe, he argues DeFi 3.0 needs two shifts: moving from complicated monolithic smart contract systems to using Ethereum as a settlement layer with simple one-to-one peer-to-peer credit lines that are easy to formally verify, and moving from human risk curators to curatorless due diligence performed by agents that research deeply, respond fast to market changes, scale, and never sleep. Mikhail walks through the Gearbox loop of six stages (discover, analyze, shortlist, propose, execute, and monitor), noting they built their own indexer to solve the lack of proven data sources. He demos an agent analyzing around 100 documents in five minutes to recommend how to deploy 10k of USDC, flagging an insecure pool with an RLP token incident, and introduces an MCP server so the loop runs in any coding agent with a human-in-the-loop verification link (deployable to IPFS) so users never sign what they do not understand. He explains bot APY, an on-chain harness using Gearbox's battle tested total-value computation to cap an agent's risk budget per transaction, making losses easy to hedge with insurance and protecting against leaked agent keys. He covers graph memory with per-source credibility scores to resist toxic tweet manipulation and plug in institutional due diligence, mapping interconnections between complex assets to enable emergency exits during contagion. He closes with a structured product where 90% sits in a yield pool while an agent borrows against it and competes to outperform, backstopped by an on-chain stop-loss. 00:00 Introduction 00:11 Starting With the Number Zero 00:41 Zero Incidents, Zero Bad Debt 01:07 Two Years of Piloting Agent Experiments 01:45 The Numbers We Are Facing 02:17 The Gap Between Experimentation and Production 02:50 The Vision for How DeFi Should Be Done 03:32 DeFi 3.0: Ethereum as a Settlement Layer 04:09 Why Peer-to-Peer Is Easier to Verify 04:45 Why Autonomous Due Diligence Matters 05:16 From Risk Curators to Curatorless Agents 05:48 Why Autonomy Beats Manual Research 06:14 The Gearbox Loop of Six Stages 06:39 Why Shortlisting Is Needed 07:08 Why Execution Must Be Safe 07:15 Demo: Deploying 10k of USDC 07:36 How the Agent Collects and Analyzes Data 08:14 Flagging an Insecure Pool 08:41 Introducing the MCP Server 09:08 Why You Never Sign What You Don't Understand 09:35 The Human-in-the-Loop Verification Link 10:03 Toward Autonomous Capital Management 10:47 How Bot APY and Risk Budgets Work 11:12 Why Capped Losses Are Easy to Hedge 11:38 Protecting Against Leaked Agent Keys 12:07 The Problem of Agent Memory 12:34 Credibility Scores to Resist Manipulation 13:04 Plugging In Institutional Due Diligence 13:37 From Beating ML to Following a Manifest 14:05 Why Different Goals Achieve Different Outcomes 14:48 Mapping Interconnections Between Complex Assets 15:14 Emergency Exits During Contagion 15:53 Building a Structured Product on Gearbox 16:23 Splitting Capital Into Passive and Active 16:51 How the Agent Borrows and Competes 17:38 The On-Chain Stop-Loss Harness 18:19 Learning Like Robots Playing Go 18:43 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Kevin Lepsoe, founder of ETHGas, asks whether Ethereum is real-time ready and walks through how restructuring block space can make it faster, more performant, and fairer. Coming from a TradFi background as an FX and interest rate options trader who led Morgan Stanley's structured credit group before 2008, then moving into tech, he now works at the core of Ethereum infrastructure. He frames the moment through two lenses: AI, where a significant and growing share of flow is now agent driven as tools like Claude Code and Codex reach everyday users, and yield, where nearly every institution's first foray onchain is the vault space (rebranded from asset management to curation), citing a recent yield summit at the NYSE run by Morpho. The problem is that Ethereum was built over 10 years ago for humans, not machines trading every millisecond, so it is slow and uncertain: a trade you expect in 12 seconds might take 24 or 36, which makes multi-agent coordination probabilistic and hard, and predictable agents and strategies are vulnerable to front running. Kevin argues the solution is block space. ETHGas got access to Ethereum's block space and made it tradable like a commodity such as oil and gas, letting participants speculate on, manage, and risk manage the scarce high grade resource that is Ethereum's core business. He explains how block builders currently reorder trades to maximize extraction, likening it to a nightclub letting the best trades in first, which is unfair and extractive. ETHGas instead inserts trades into the next block immediately and broadcasts the block state every 50 milliseconds, enabling real-time preconfirmations where users can trade multiple times within a 12-second slot with far greater speed and certainty. He shares study results: making Ethereum real-time could earn Uniswap LPs $2 to $3 billion a year while cutting the roughly $250 to $300 million of annual MEV extraction, and dramatically reduces event risk since prices jump far less over 50 milliseconds than over 12 seconds, mitigating the cascading liquidation risks seen in the Kelp situation. He closes on institutional block space, a whitelisted end-to-end framework with known validators, first come first serve non-extractive building, and compliance policies (like avoiding Tornado Cash) that lets TradFi players like BlackRock buy size onchain without being front run, noting around 70% of Ethereum validators are broadly aligned to move forward. 00:00 Introduction 00:52 Kevin's TradFi and Tech Background 01:18 Two Perspectives: AI and Yield 01:40 Why Everyone Is Using Agents Now 02:18 The Rise of Vaults and Curation 02:50 Why Ethereum Was Built for Humans, Not Machines 03:11 The Uncertainty of Landing a Trade 03:30 Why Multi-Agent Coordination Is Hard 03:59 Why AI Will Break Things Before Trillions Arrive 04:36 Why Predictable Agents Get Front Run 04:56 The Solution: Block Space 05:19 Making Block Space Tradable Like a Commodity 05:49 Refining Block Space for Higher Performance 06:17 Why Ethereum's Block Space Is Scarce and High Grade 06:50 How Blocks Are Made Today 07:18 How Trades Propagate Through the Ecosystem 07:55 The Nightclub Analogy for Extraction 08:13 Why It Is Unfair and Extractive 08:32 Creating Fast and Exciting Blocks 09:01 Trading Multiple Times in a Slot 09:25 Real-Time Preconfirmations at 50 Milliseconds 09:47 What It Means for DeFi 10:06 Why Uniswap LPs Would Make $2-3 Billion 10:34 Less MEV and Less Extraction 11:17 Why Vault Returns Should Be Higher 11:38 Reducing Event Risk and Gap Risk 12:14 How Slow Blocks Cause Liquidation Risk 12:37 Why Faster Blocks Reduce Systemic Risk 13:11 Introducing Institutional Block Space 13:50 How Big Players Avoid Being Front Run 14:14 The Fees TradFi Will Pay to Avoid Front Running 14:35 How Institutional Block Space Works 14:59 Compliance Policies Like Avoiding Tornado Cash 15:22 Accessing Ethereum Liquidity Without a New Chain 15:54 Where ETHGas Is Today 16:26 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Mooly Sagiv

ETHGlobal · Jul 9, 2026

In this talk, Mooly Sagiv from Certora presents how LLM generated formal specifications can help prevent the next DeFi hack. He frames the problem: coding agents are increasingly replacing software engineers, but hackers are winning, and even with excellent auditing firms and tooling the industry cannot find all bugs. The situation will worsen as every new AI model release creates new threats while code grows more complex. He critiques the informal approach to intent taken by companies like Anthropic, arguing intent should not be handled informally, and proposes agentic formal verification as the solution. He pushes back on the myth that formal verification is intractable or requires a PhD, arguing the real hard problem is not computation but formal specification: verification is only as good as the properties you specify, which is why teams that claim to be formally verified still get hacked, since they verified the wrong property. Mooly explains Certora's new open source, token based tool that bridges the gap between informal and formal specs. A developer writes intent informally (for example keep the balance safe), and the tool automatically generates a formal invariant (the sum of balances equals the total), which can then be proven or tested. The tool is agnostic to Certora's own prover, works with tools like Rocq, Lean, and Halmos, and fits into the development cycle before an audit through an interactive human-in-the-loop process, including a design hardening agent that makes designs more verification ready from the design document stage. He demos a toy counter contract with a trivial bug, showing how the tool generates properties in English, proves two of three rules, surfaces the bug, and validates the fix with a mathematical guarantee that future LLM versions cannot break. He then shows a real anonymized gambling protocol audited before deployment, where the tool automatically inferred 15 properties, found a real violation confirmed by their team, and suggested a validated fix. He closes on the product launching July 15 (Solidity only, GPL3, generating Foundry tests and including static analysis and bug finding at around $300 per run), and two takeaways: AI is why formal verification finally matters, and AI is also what makes formal verification easy by translating prover output into human understandable explanations. 00:00 Introduction 00:56 A Talk for Coders and Non-Coders Alike 01:18 How Coding Agents Are Replacing Software 01:47 Why Auditing and Tools Cannot Find All Bugs 02:28 Why Informal Intent Is the Wrong Approach 02:40 Introducing Agentic Formal Verification 03:05 Making Formal Verification as Easy as Testing 03:29 A History of Formal Verification and Its Myths 04:01 Why Intractability Is a Myth 04:32 Why Verification Depends on Specification 04:52 Why Verified Code Still Gets Hacked 05:11 How LLMs Help Find Formal Specifications 05:29 From Intent to Invariant 06:35 Beyond Verification: Generating Tests 07:07 How It Fits Into the Development Cycle 07:30 A Tool to Use Before the Audit 07:59 Why Getting Properties Right Is Hardest 08:37 Inside the Tool: Agnostic to the Prover 09:30 Hardening the Design for Verification 10:06 The Audit Agent and Security Review 10:44 Plugging In Rocq, Lean, and Halmos 11:01 Two Examples: Toy and Real 11:34 The Toy Counter Contract Bug 11:55 How the Agent Finds Properties in English 12:34 Proving Rules and Surfacing the Bug 12:57 Why a Violation Could Be Code or Spec 13:30 Validating the Fix With a Proof 14:26 Applying the Tool to Real Code 14:45 A Real Protocol Audited Before Deployment 15:20 How the Tool Inferred 15 Properties 16:25 The Paused Contract Condition It Caught 17:00 Finding and Confirming a Real Bug 17:33 Validating the Suggested Fix 18:04 The Status of the Tool 18:49 The July 15 Product Launch 19:40 Pricing Around $300 per Run 20:19 Two Surprising Takeaways 20:47 Why AI Made Formal Verification Matter 21:06 How AI Makes Formal Verification Easy 22:33 Closing and Call to Try the Tool _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Sonya Kim, co-founder of 3F, a new leverage vault protocol built on Morpho that provides automated customized leverage exposure on RWA yields, explains how to connect DeFi with TradFi. Drawing on 10 years as an equity portfolio manager before joining Steakhouse Financial in 2023 and launching the first ever Morpho vault in January 2024, she argues the two worlds are deeply complementary. TradFi brings diversified cash flows from real economic activity, deep underwriting rigor from specialized fund managers, and established legal recourse, which is exactly what DeFi lacks given its scarce on-chain revenue, reliance on unsustainable token incentives, and shaky underwriting seen in recent blowups like Stream Finance and the Resolve infinite mint hack. Conversely, DeFi solves what TradFi struggles with: active managers face fee pressure from passive ETFs and want new distribution, leverage is gated to institutions, and the space is opaque, while DeFi offers a global permissionless user base, composable primitives (noting Morpho's $175 million raise announced that day), and full transparency. Sonya frames RWAs as a bright spot, with issuance growing from nothing in 2023 to a hockey stick led by US Treasuries, and argues issuance is now largely solved, leaving the question of what to do with on-chain presence. Taking inspiration from how a single Treasury instrument is reused across savings, money market funds, repo, and hedge fund carry and basis trades to create higher asset velocity, 3F targets the leverage carry trade (over a trillion dollars notional in TradFi). She explains that looping is trivial for crypto native assets via flash loans in one 12 second block, but breaks for RWAs because settlement delays like T+1 compound, so reaching 5x leverage could take 20 loops over 20 days. 3F solves this with an IRL flash loan mechanism where bridge facilitators extend an upfront loan, letting users build one-click leverage on RWAs in a single settlement cycle. She walks through a product launched with FalconX (a tokenized private credit instrument brought on chain via Pareto) offering up to 6.5x leverage and over 20% real yield at max, and outlines the five ecosystem players (RWA issuers, Morpho lenders, bridge facilitators, leverage LPs, and liquidators). She closes urging the industry to focus on new use cases impossible in the real world. 00:00 Introduction 00:39 Sonya's TradFi Background and Steakhouse 01:08 Launching the First Morpho Vault 01:37 Why TradFi and DeFi Are Complementary 01:59 What TradFi Brings: Underwriting and Recourse 02:25 What DeFi Struggles With 02:59 Recent Blowups: Stream Finance and Resolve 03:23 Where TradFi Benefits What DeFi Lacks 03:55 The Challenges Facing TradFi Asset Managers 04:27 Why Leverage Is Gated to Institutions 04:54 What DeFi Has Already Solved 05:23 Why TradFi Wants to Come Into DeFi 05:53 The Hockey Stick Growth of RWAs 06:31 Why Issuance Is Now Solved 07:07 Learning From How Treasuries Are Used 07:32 The Many Use Cases of Treasuries 08:05 Hedge Funds and Yield Strategies 08:29 Creating Higher Asset Velocity 09:06 Why 3F Targets the Leverage Carry Trade 09:33 How Looping Works 10:05 The Math of Amplifying Yield With Leverage 10:32 Why Looping Breaks for RWAs 11:03 Why Looping Is Easy for Crypto Native Assets 11:56 Why RWA Settlement Delays Compound 12:32 Why 20 Loops Takes 20 Days 13:00 3F's One-Click Leverage Primitive 13:33 Mimicking the Flash Loan With Bridge Facilitators 14:34 Walking Through a 5x Leverage Position 14:55 Leverage in One Settlement Cycle 15:21 The FalconX Private Credit Product 15:51 How the SPV Is Tokenized by Pareto 16:17 The Math: Over 20% Real Yield at Max Leverage 16:51 Why We Build Small Primitives Together 17:24 The Five Players in the 3F Ecosystem 17:53 Bringing Quality Assets to Morpho Lenders 18:22 Bridge Facilitators as Connective Tissue 18:50 Leverage LPs and Liquidators 19:29 Focusing on Use Cases Not Possible in the Real World 20:02 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Thibauld Favre, CTO and co-founder of Fairmint, introduces the Open Cap Table Protocol and argues why the private market, not the public one, is where onchain equity infrastructure will win. He opens on how the new administration reshuffled the deal for crypto by opening the floodgates for asset tokenization, and Wall Street heard the message loud and clear, with the DTCC and market participants now scrambling to tokenize everything. As a 16 year crypto veteran, he asks whether all that work is being co-opted by Wall Street to build faster horses, and answers no. Everything Wall Street tokenizes today is public equity, which works because of an old, complex mainframe based infrastructure centered on the DTCC monopoly for post trade operations. That system works (you click a button on Robinhood and the trade settles despite nine intermediaries), so the low hanging fruit is simply adding another layer to sell US securities offshore, which changes nothing fundamental. Thibauld argues the real wedge is the private market, which is exploding as staying private grows more attractive: secondaries now rival IPO proceeds, there are over a thousand unicorns globally, and more than $4 trillion in private valuation. Yet the private market has almost no infrastructure, running on lawyers, PDFs, Excel sheets, and databases, with lawyers as the expensive glue. This is the opportunity, since private shares are restricted with transfer rules, ownership structures are complex and layered with SPVs, privacy is table stakes, and intermediaries are all offchain. Fairmint's seven years taught them that issuing equity tokens on chain is useless if the source of truth stays offchain, so the solution is putting the cap table itself on chain. The Open Cap Table Protocol turns cap tables into programmable smart contracts, and Fairmint became one of the first SEC registered transfer agents in 2023 to support it. Crucially it is not a new standard but an onchain extension of the existing Open Cap Table Format from the coalition of top securities law firms, making it compatible with the industry from day one while delivering self custody, programmability, instant settlement, automated compliance, borderless markets, traceability, and composability as regulated DeFi. Over $1.5 billion of equity is already on chain, and he frames the endgame as making IPOs great by letting everyone trade directly on the cap table, enabling new use cases like companies keeping direct connection with shareholders or trading equity directly on their own websites. 00:00 Introduction 00:11 The World Changed a Year Ago 00:46 Wall Street Rushing to Tokenize Everything 01:16 Was 16 Years of Crypto Co-Opted? 01:44 Why Wall Street Only Tokenizes Public Equity 02:15 Why the DTCC Infrastructure Works 02:41 The Low Hanging Fruit of Selling Offshore 02:56 Why We Need a Better, Simpler Infrastructure 03:16 The Private Market Is Exploding 03:44 Over $4 Trillion in Private Valuation 04:13 The Broken Infrastructure of Private Markets 04:42 Why Private Shares Are Harder Than Public 05:16 Why Issuing Tokens Alone Created More Complexity 05:33 Putting the Cap Table On Chain 06:06 The Open Cap Table Protocol 06:40 Not a New Standard: Building on the Existing Format 07:05 The Open Cap Table Coalition of Law Firms 07:38 Compatible With the Industry From Day One 08:04 Why It Is Regulated DeFi 08:29 Over $1.5 Billion of Equity On Chain 08:50 The Endgame: Making IPOs Great 09:33 Simplifying Trading Directly on the Cap Table 09:56 The Airbnb Shareholder Connection Anecdote 10:48 Trading on Brokerage or Directly on Your Website 11:12 How to Join and Build on the Protocol 11:31 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Scott Dykstra from Space and Time explains how his team is building the data layer for Ethereum's institutional era, providing data to smart contracts from institutional portfolios offchain or secured events onchain. Space and Time is a decentralized onchain database that lets smart contracts ask complex questions. When they started in late 2021, they set out to build the first verifiable ZKP-proven SQL database, using zero knowledge cryptographic proofs for queries asked by smart contracts. The original insight was that a lending smart contract knows nothing about the borrower wallet transacting with it (DeFi protocols have no database to query and aggregate past activity), so Space and Time brings an onchain database that lets contracts roll up and aggregate the history of wallet transactions and events, proven back to the contract by the next block. He frames this as the next step beyond the price-feed oracles that enabled DeFi summer in 2020: letting a smart contract actually run a SQL query aggregation, a powerful primitive for institutions entering lending and vaults. Scott describes the technology as a blockchain sitting next to the EVM that lets you create tables, insert data, and run SQL queries, paying a few SXT tokens per action (for example, creating a T-bill volumes table and querying it from a contract to mint stablecoins backed by offchain T-bills). With the Clarity Act about to pass, he sees fintechs like Stripe, PayPal, and Circle having shown banks how to mint stablecoins backed by reserves, and now major banks hiring contractors to tokenize offchain securities. The real unlock is programmable finance: banks can codify rules around minting, volume thresholds, and marking to market, extending beyond stablecoins to CLOs, equities, and commercial real estate repriced as often as desired. Space and Time acts as the secure conduit that reaches into locked-down offchain portfolios and ZK-proves to a contract that aggregated data (say, total collateral across 17 portfolios on two clouds) is accurate and untampered, ensuring minted stablecoins always match reserves in near real time. He extends this to virtual vaults that give lenders a data room and dashboard showing borrower collateral and deployed capital across exchanges and DEXes, then lets the vault contract itself run SQL queries to enforce thresholds and margin calls, enabling compliant, largely uncollateralized lending. He closes on DeFi itself, where querying a wallet's history of repaid loans could earn experienced borrowers better rates, powering a new wave of onchain lending. 00:00 Introduction 00:33 Building the Data Layer for Ethereum 00:58 The First Verifiable ZK-Proven SQL Database 01:33 Why Smart Contracts Have No Database 01:58 A Verifiable Pipeline of Data to Smart Contracts 02:19 Beyond Price Feed Oracles 02:38 How the Technology Works 02:52 Spending SXT to Create, Insert, and Query 03:15 Why Banks Are Leaning In 03:38 From Fintechs to Major Banks 03:56 The Benefit of Programmable Finance 04:44 Codifying Business Logic On Chain 05:16 Where Traditional Securities Data Lives 05:42 The Need for a Secure Conduit 06:12 ZK Proving Data From Offchain Portfolios 06:50 Why This Is More Than an Oracle 07:13 Aggregating Across 17 Portfolios 07:52 Why It Must Be Near Real Time 08:25 Extending Beyond Stablecoins 08:52 Why SQL Is a Familiar Primitive 09:15 Why You Cannot Aggregate Without This 09:48 The Problem of No Asset Provenance 10:39 Taking It Further Into Vaults 11:17 Why Banks Need Borrower Transparency 11:42 The Opaque World of Ethereum Vaults 12:26 Introducing Virtual Vaults 12:57 Giving Lenders a View of Borrower Capital 13:39 The Investor Dashboard and Data Room 13:56 Feeding Data to the Vault Contract Itself 14:22 Codifying Margin Calls and Business Rules 14:53 An End-to-End Example 15:55 Smarter Vaults Beyond Morpho 16:30 What About DeFi Itself 17:03 Rewarding Loyal Borrowers With Better Rates 17:29 The Year Ahead for Banks and DeFi 17:48 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Azeem Khan, co-founder of Miden, cuts through the headlines to address the reality of the missing pieces for institutional adoption of crypto. Drawing on his experience as a UNICEF Crypto Fund consultant, a Forbes Crypto contributor, and a CoinDesk writer, he introduces Miden as a next-generation ZK blockchain that raised $25 million last year from a16z crypto, 1kx, and others. He frames the core problem: blockchains have been either fully public (creating dystopian financial surveillance) or fully private (making illicit activity easy), and while permissioned chains are one attempted fix, the average person cares less about decentralization than about counterparty risk. Miden aims to give privacy and compliance to individuals and institutions at once, focused on onboarding institutions. He argues institutional adoption matters because the billion users will not come from meme coins but from people with real money in financial institutions going on chain, noting the 2024 bull run was kicked off by BlackRock's ETF, yet most activity remains stuck in pilots rather than full deployment. Azeem shares insights from speaking with leaders like the head of digital assets at Invesco and Amy Oldenburg who leads digital asset strategy at Morgan Stanley, both $2.5 trillion firms, and buckets the obstacles into four categories. Technical barriers include compliant privacy, interoperability and fragmentation, settlement delays, too few custody and stablecoin providers, weak institutional risk tooling, and shallow liquidity depth (large players would move price charts). Regulatory and compliance barriers include token classification and tax uncertainty (he has not created a US onshore entity for fear the SEC could freeze accounts and block payroll), weak auditing and reporting, insurance shortages, cross-border tax complexity, and reputational risk (the New York Knicks closed off crypto after nearly signing FTX). Operational and governance barriers include counterparty risk, DAO decentralization theater run by whales, and broken token economic models where airdrops create sell pressure rather than demand. Cultural and organizational barriers include quarterly earnings pressure, talent shortages, risk-averse conservatism, and internal knowledge gaps where crypto evangelists are not the decision makers (Invesco needs 50 teams to sign off on a product). He ends optimistically on progress in privacy tech, stablecoin regulation, and institutional DeFi (which he thinks will simply become onchain finance), arguing crossing the chasm requires regulators, builders, and institutions collaborating on trust, compliance, and usability, with long-term vision over short-term hype. 00:00 Introduction 00:11 The Reality Behind the Headlines 00:29 About Azeem 01:02 What Is Miden 01:32 The Problem With Fully Public or Private Chains 01:56 Why Counterparty Risk Matters More Than Decentralization 02:18 Why Institutional Adoption Matters 02:38 Why the Billion Users Will Come From Institutions 03:02 Still in Pilots, Not Full Deployment 03:32 The Three Institutional Perspectives 03:59 Why Adoption Has Stalled 04:21 Technical Barrier: Compliant Privacy 04:42 Interoperability and Fragmentation 05:00 Settlement Delays and Inefficiency 05:21 Too Few Custody and Stablecoin Providers 05:44 The Problem of Liquidity Depth 06:02 Regulatory and Compliance Barriers 06:26 Why He Has No US Onshore Entity 06:40 Auditing, Reporting, and Insurance Shortages 07:16 Cross-Border Tax and Reputational Risk 07:44 Operations and Governance Barriers 08:02 DAO Decentralization Theater 08:36 Why Token Models Are Broken 08:57 Cultural Barriers: Quarterly Earnings Pressure 09:26 Talent Shortages and Risk-Averse Culture 10:13 Why Evangelists Are Not the Decision Makers 10:49 Why Invesco Needs 50 Teams to Sign Off 11:07 Where the Industry Is Making Progress 11:29 From DeFi to Onchain Finance 11:56 What It Takes to Cross the Chasm 12:16 Long-Term Vision Over Short-Term Hype 12:34 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Demetrios Skalkotos from Blockdaemon walks through what it takes to provide institutional ETH staking infrastructure for the traditional finance and institutional space. He argues the question is no longer whether to stake (that was settled 24 months ago) but who to trust and how to find a partner to scale with. He introduces Blockdaemon as an 8-year-old infrastructure company, an OG that started with dedicated nodes and an RPC API business, then grew into staking across 70+ chains and protocols, MPC wallet technology, and DeFi infrastructure, and now represents roughly 5% of the overall ETH staking market. He frames Ethereum as having crossed a major institutional adoption threshold: structurally different from Bitcoin, it builds an economy on yield and cash flow, producing a treasury asset for appreciation, not just price exposure. He cites over $500 million in ETF adoption, around 200 publicly traded DATs (36 Ethereum-focused, about 20% of the market) holding roughly 7 million staked ETH, and total staked assets approaching 40 million (about 32% of supply), all growing steadily even outside a bull market. Demetrios lays out the five categories institutions probe: security posture, compliance, liquidity, yield and slashing protection, and 24/7/365 operational service. On operator security, he stresses the operator should never touch or access private keys, which stay in a secure enclave, with policy-based access at the KMS layer and MPC ensuring no single operator holds signing authority, mirroring TradFi's evolution from dealer discretion to programmatic policy enforcement. He covers OFAC-compliant MEV-boost relay screening applied by default (not pushed onto clients), and certifications including ISO 27001, SOC 2 Type 2, and SOC 1 Type 1. On liquidity, he counsels clients through entry and exit queues, recommending a 10 to 20% unstake buffer and partnering with prime brokerage and lending providers as a home-equity-line-style facility for unforeseen queue spikes. On yield, Blockdaemon contractually guarantees 100% slashing and double-signing insurance (not best efforts) and shows consistent outperformance of the average blended rate amid yield and MEV compression. He emphasizes the full-stack advantage of eliminating vendor fragmentation (every vendor seam is a compliance gap and attack surface) via a single provider, SLA, and master services agreement. He closes projecting staked ETH could approach 50% of supply within three years, with institutions the primary driver, and reiterates Blockdaemon's scale: over $10 billion staked under custody, 70+ chains, and 99.9% uptime. 00:00 Introduction 00:33 Not Whether to Stake, but Who to Trust 00:43 Who Blockdaemon Is 01:24 Ethereum at an Institutional Crossroads 01:53 ETF Adoption and Publicly Traded DATs 02:25 How Much of the Supply DATs Represent 02:56 Structural Growth Beyond the Bull Market 03:20 The Opportunity in Continuous Growth 03:28 The Five Categories Institutions Probe 04:28 The Operator's Security Posture 04:51 Why the Operator Should Never Touch Keys 05:41 OFAC-Compliant Screening by Default 06:04 Certifications and Controls 06:55 Counseling Clients on Entry and Exit Queues 07:30 The 10 to 20% Unstake Buffer 07:44 Bringing In Prime Brokers and Lending 08:40 Protecting and Maximizing Production 08:50 100% Slashing and Double Signing Insurance 09:34 Consistent Performance Above Average 10:18 Why Yield Compression Raises the Stakes 10:50 The Full Stack Advantage 11:13 Why Vendor Fragmentation Is a Compliance Gap 11:39 Reducing Vendor Footprint for Institutions 12:04 The Value of a Single Provider Relationship 12:26 Where the Industry Is Heading 12:59 The ETF Flywheel in Motion 13:30 Projecting 50% of Supply Staked 13:52 ETH as a Dominant Institutional Asset 14:26 The Validator Economy and MEV Compression 14:53 Bringing It All Home 16:19 Blockdaemon's Scale and Track Record 16:50 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, John Egan, the recently joined chief product officer at Polygon, lays out how Polygon sees the future of money, walking through its mission, the product it is bringing to market, and its progress toward what money will become on chain. He introduces Polygon's new mission, championed by CEO Marc and founder Sandeep, to move all money on chain, a practical evolution of its earlier goal of building a trustless internet. He argues the killer use case of blockchain turns out to be money, so the aim is to do the hard, product-oriented work to get all of it on chain. The vehicle is the Open Money Stack, a single open, vertically integrated stack for all money movement and storage (onchain and off) that collapses the tangle of networks, banks, processors, and compliance integrations developers juggle today into one API and dashboard. He notes last week's technical preview shipped regulated cash and fiat ramps, custodial wallets (with non-custodial coming), intent-based orchestration, distribution across chains, and a dashboard any knowledge worker can use. John makes the case for why Polygon is positioned to win. It has already moved about $2.6 trillion, with monthly volumes up over 400% to $130 billion across 30 million-plus payments a month, recently the most stablecoin transactions of any chain including BNB and Solana. Major financial companies already run on Polygon (Stripe, BlackRock's BUIDL, Robinhood, Paxos, Checkout.com, and Flutterwave), and it has been global since day one, handling around 75% of Latin America's stablecoin market where adoption is real utility and a hedge, not wash trading. He argues onchain FX will overtake today's largely non-USD stablecoin market, that money must be cheap and fast (Polygon nears 5,000 TPS, chasing Gigagas at 100,000 TPS, with one-block finality and no reorg since January), and that Polymarket already settles on Polygon. On interoperability he covers AgLayer, Polygon CDK, and Trails (from the Sequence acquisition), a Google Maps for routing money at the cheapest path. He highlights over $250 million in acquisitions including Coinme (regulated in 38 states) for consumer on-ramps, and closes on AI as the next step function: Polygon is the most used chain on X2X, makes agentic transactions gasless (even refunding facilitator gas), and demoed spinning up a neobank with a single Polygon CLI command. 00:00 Introduction 00:07 The Future of Money at Polygon 00:32 The New Mission: Move All Money On Chain 00:48 Why Money Is the Killer Use Case 01:05 The Vision to Get There 01:21 Introducing the Open Money Stack 01:57 The Complexity Developers Face Today 03:01 Collapsing It Into One API and Dashboard 03:21 The Technical Preview and First Features 04:06 What Gives Polygon the Right to Do This 04:29 Not Our First Trillion: $2.6 Trillion Moved 04:48 Leading in Stablecoin Transactions 05:08 The Financial Companies Already on Polygon 05:45 Why Polygon Is Global Since Day One 06:04 Dominating Latin America's Stablecoin Market 06:26 Why Onchain FX Will Take Over 07:08 Why Money Must Be Inexpensive and Fast 07:30 Chasing Gigagas at 100,000 TPS 07:48 Why the Biggest Operators Use Polygon 08:13 Three Efforts Toward Interoperability 08:33 Trails: Google Maps for Moving Money 09:09 $250 Million in Acquisitions for Regulated Money 09:26 Coinme and Consumer On-Ramping 09:48 The Sequence Acquisition and Enterprise Wallet 10:11 Why AI Is the Next Step Function 10:38 From Chatbots to Autonomous Systems 11:17 Why Polygon Is Leaning Into AI 11:35 Gasless Agentic Transactions on X2X 12:07 Building Money Management With AI 12:41 Spinning Up a Neobank With One Command 12:59 What a Neobank Really Is 13:43 Why Anyone Should Be Able to Build One 14:01 Closing and How to Get Involved _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this ETHConf Crypto Startup Showdown, hosted by Kartik of ETHGlobal, 14 startups (drawn from past ETHGlobal hackathon projects turning into companies plus open applications) each pitch for three minutes followed by a four-minute Q&A, competing for a $5,000 cash prize for the best pitch plus future ETHGlobal, Pragma, and ETHConf sponsorship opportunities and Cointelegraph service credits. Three early-stage VC judges give feedback and guidance: Tarun Chitra, Joyce Yang of Pivot Global, and David Shengart of the Cointelegraph accelerator. The lineup spans DeFi automation, agent infrastructure, RWAs, stablecoins, privacy, payments, gaming, and prediction markets. The teams pitch as follows. Amplifi builds single-click permissionless prime brokerage, using trusted execution environments and programmable custody to let traders borrow against any DeFi position across venues. Glider automates any investment strategy, letting users build direct-indexed onchain portfolios (like a Nancy Pelosi tracker or biotech basket) with no gas, signing, or bridging, reporting over 100,000 users. Zyfai embeds personal yield agents into wallets that monitor and rebalance funds, having handled $2.4 billion across 10,000 wallets. ascii presents Box, a cheap, powerful sandbox giving AI agents their own computers at up to 25x less cost. Papre is the agreement layer bridging legal meaning and smart contract execution, automating milestones, escrow, and arbitration. ASCNT brings market-making yield to LPs by pricing toxic versus healthy swap flow and auctioning arbitrage back to the pool. Cambria is a crypto game studio building onchain PvP duels and MMO experiences. Frankencoin offers the largest Swiss Franc stablecoin and its Frankencoin Pool Share governance token, pitching CHF as a superior store of value via an oracle-free CDP. YieldSeeker grows wealth on autopilot with conversational DeFi agents managing $1.5 million. Radius brings the institutional repo market onchain with peer-to-peer funding that bypasses dealer banks. Unlink provides privacy and compliance infrastructure letting companies use any chain privately in three lines of code via zero knowledge. dolphinze builds contractor-first payment infrastructure with one wire in and compliant multi-currency payouts out. Frames offers one composite model giving AI agents access to the paywalled internet across 4,000+ tools with unified billing. PulsePlay is the settlement layer for second-by-second markets using state channels, launching live in-play World Cup predictions with no ghost fills. The judges deliberate to pick the winning pitch. 00:00 Introduction 00:29 How the Showdown Works 00:54 Meet the Three Judges 01:30 The Prize and Sponsorship Opportunities 02:11 The 14 Teams 02:35 Amplifi: Permissionless Prime Brokerage 05:56 Amplifi Q&A 10:35 Glider: Automate Any Investment Strategy 14:28 Glider Q&A 18:42 Zyfai: Personal Yield Agents 22:11 Zyfai Q&A 26:22 ascii: Box, a Sandbox for Agents 30:39 ascii Q&A 34:15 Papre: The Agreement Layer 37:20 Papre Q&A 43:17 ASCNT: Market Making Yield for LPs 46:39 ASCNT Q&A 50:12 Cambria: Crypto Game Studio 53:14 Cambria Q&A 57:41 Frankencoin: Swiss Franc Stablecoin 1:00:16 Frankencoin Q&A 1:05:19 YieldSeeker: Wealth on Autopilot 1:08:19 YieldSeeker Q&A 1:13:34 Radius: Onchain Repo Platform 1:16:33 Radius Q&A 1:20:34 Unlink: Privacy and Compliance Infrastructure 1:23:55 Unlink Q&A 1:28:45 dolphinze: Payment Infrastructure for Work 1:31:54 dolphinze Q&A 1:36:45 Frames: Paywalled Data for AI Agents 1:39:24 Frames Q&A 1:43:59 PulsePlay: Settlement Layer for Fast Markets 1:47:17 PulsePlay Q&A 1:51:45 Closing and Judge Deliberation _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Jan Gorzny

ETHGlobal · Jul 9, 2026

In this talk, Jan Gorzny from Zircuit discusses how to bring institutional adoption from Wall Street onto Ethereum, focusing not on ZK but on the barriers institutions and their users face and how crypto-native solutions can overcome them. He motivates the case by cataloging the pain points of TradFi: it is good but not great, with poor settlement efficiency, a lack of transparency (you rarely know who you are dealing with at a bank), and costs and difficulty that scale as you become the institution itself, since it is an old industry not optimized for the last 20 to 30 years of technology, with heavily siloed money. On chain solves much of this: fast and improving settlement, 24/7 trading regardless of bank hours, strong transparency (a double-edged sword given weak default privacy), programmable money enabling automated trading and looping, and composability across asset classes. He argues the value proposition is real, and while early banking-the-unbanked adoption was slow, RWAs and stablecoins have blown up, with FX and other services now being piloted on chain. Jan walks through the barriers. First, regulatory uncertainty: unclear asset classifications, cross-border complications, and technical risks like recurring smart contract exploits (worsened by a bad first quarter) where you cannot simply patch decentralized code, so institutions avoid it not from misunderstanding but because their lawyers will not sign off. Second, infrastructure and chain fragmentation, with around 131 rollups as of last October creating hard choices about which chain, oracle, and bridge to use and forcing new, modular, redundant DApp designs rather than the cookie-cutter patterns of 2022. Third, permissionlessness as a genuine trade-off, where censorship resistance and transparency clash with the whitelisting and controls institutions need. He surveys emerging solutions: permissioned DeFi with KYC and whitelisting, RWA token standards like ERC-3643 and ERC-1400, ZK-based KYC that validates a passport without revealing it, customizable L2s, and safer bridge standards like OFTs and CCIP. He advises builders to design for modularity, understand their trust model, and engage regulators early, and notes users now face far more complex due diligence and unpredictable yield, arguing uncertainty is risk. He closes on his preference for predictable DeFi and Zircuit's product targeting 8 to 11% yield on USDC and USDT with no management fees or minimums, built to work with Wall Street and institutional partners. 00:00 Introduction 00:33 The Barriers Wall Street Faces On Chain 00:52 The Pain Points of Traditional Finance 01:20 Why Costs Scale for Institutions 01:45 Why Money Is So Siloed 02:13 How On Chain Solves These Problems 02:34 Transparency and Programmable Money 03:11 Why the Value Proposition Is Real 03:32 From Banking the Unbanked to Real Adoption 03:44 How RWAs and Stablecoins Blew Up 04:06 Piloting Other TradFi Services On Chain 04:38 Why We Have Only Scratched the Surface 04:56 Why Builders Must Start Agile 05:14 The First Barrier: Regulatory Uncertainty 05:40 Unclear Classifications and Cross-Border Issues 06:02 Why You Cannot Just Fix Exploited Code 06:26 Why Lawyers Will Not Sign Off 06:50 The Second Barrier: Infrastructure and Fragmentation 07:22 Choosing Among 131 Rollups 07:41 Standards, Oracles, and Bridges 08:07 Why the Cookie-Cutter DApp Era Is Over 08:28 Why New DApps Need Redundancy 09:08 The Third Barrier: Permissionlessness 09:30 Choosing Which Permissionlessness Matters 09:59 Emerging Solutions: Permissioned DeFi 10:13 RWA Token Standards Like ERC-3643 and 1400 10:28 ZK-Based KYC With a Passport Scan 10:44 Building Your Own Customizable L2 10:59 How Bridges Have Come a Long Way 11:17 Tokens Built With Legal Barriers in Mind 11:37 What This Means for Builders 11:56 What This Means for Users 12:28 Why Uncertainty Is Risk 12:47 The Case for Predictable DeFi 12:59 Zircuit's Product for Wall Street 13:13 Targeting 8 to 11% Yield With No Fees 13:54 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Lindsay Fraser, who leads policy at the Blockchain Association, explains what the Clarity Act means for developers. The Blockchain Association is a nonprofit that advocates for the digital asset industry in Washington DC with over 100 member companies. She notes the timeliness: the day before, the association brought over 30 member companies to DC and met with 52 different Senate offices amid active negotiations. The Clarity Act is the current name for market structure legislation moving through the US Senate, the result of years of bipartisan effort dating back to 2020. At a high level it does three things: establishes token classification, trading, and market rules (fixing the impossibility of building in the US without clear rules during the Gary Gensler era at the SEC); sets registration requirements and consumer protections for intermediaries across the SEC and CFTC; and defines developer rules and protections outlining what software builders are and are not regulated for, the crux of the current debate. Lindsay explains why clarity matters: for years developers lacked answers to whether publishing code, operating a front-end, or participating in governance are regulated activities, and regulation by enforcement drove developers offshore. She walks through the process: the House passed it last June with 294 votes including 78 Democrats, the Senate Agriculture Committee advanced its portion 12 to 11 on party lines, and the Senate Banking Committee recently voted its portion out with a bipartisan outcome, with the two bills now to be combined and reach 60 votes to bypass the filibuster before November midterms complicate things. She details three developer protections: Section 601 clarifies the 1933 and 1934 Acts so non-custodial developers are not intermediaries needing to register as exchanges, brokers, or dealers; Section 207 does the same under the Commodity Exchange Act for the CFTC; and Section 604, the Blockchain Regulatory Certainty Act (BRCA), shields non-custodial developers from Bank Secrecy Act obligations and prosecution under Section 1960 for unlicensed money transmission. She frames the BRCA as a codification of 2019 FinCEN guidance, counters law enforcement opposition as a mischaracterization (noting titles 2 and 3 strengthen prosecutors), and cites a letter from 160 officials plus 60+ CEOs, closing that developer protections must remain intact. 00:00 Introduction 00:11 Who the Blockchain Association Is 00:40 Meeting 52 Senate Offices in One Day 01:24 What the Clarity Act Aims to Do 01:50 The Three Buckets of the Bill 01:57 Token Classification and the Gensler Era 02:22 Requirements for Intermediaries 02:44 Developer Rules and Protections 03:09 Why Clarity Matters for Developers 03:34 The Unanswered Questions Builders Face 03:56 How Regulation Drove Developers Offshore 04:22 Drawing a Line Between Software and Intermediaries 04:51 Where We Are in the Process 05:13 The Overwhelming House Vote 05:35 The Senate Agriculture Committee Vote 05:58 The Bipartisan Senate Banking Vote 06:19 Combining the Bills and the 60-Vote Threshold 06:45 Why the Midterms Add Urgency 07:06 The Three Core Developer Protections 07:24 Section 601 and the 1933 and 1934 Acts 07:46 Protecting Non-Custodial Developers 08:36 Section 207 and the Commodity Exchange Act 08:50 The Key Line of Custody and Control 09:10 Section 604: The Blockchain Regulatory Certainty Act 09:41 The Threat of Section 1960 Prosecution 10:28 The Cost of Investigations on Founders 10:59 Why the BRCA Must Not Be Watered Down 11:22 A Codification of 2019 FinCEN Guidance 11:57 The Bipartisan History of the BRCA 12:53 The Opposition From Law Enforcement Groups 13:22 Why the Opposition Mischaracterizes the BRCA 13:52 How Titles 2 and 3 Strengthen Prosecutors 14:38 The Letter From 160 Law Enforcement Officials 15:50 The Industry Letter From 60 CEOs 16:16 Why Developer Protections Must Be a Priority 16:49 A Call to Share Developer Stories 17:48 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

ETHGlobal · Jul 9, 2026

In this talk, Kaledora Kiernan Linn from Ostium discusses postmodern investing and the rise of what she terms perpification, the transformation of assets into perpetuals and the proliferation thereof. She frames the core macro thesis behind Ostium: macro news is the new reality TV. When they started the company a few years ago this was a contrarian view, but her conviction was that markets had entered a new macro paradigm. She argues the first generation of consumer trading applications, in the interim period between the 2008 great financial crisis and COVID in 2020, was a historical anomaly defined by three things: extremely low, zero-bound interest rates, extremely low inflation, and little geopolitical uncertainty. COVID broke that mold and thrust markets into the opposite: persistently higher and more unpredictable rate policy (swinging from three anticipated cuts to expected hikes), inflation that was transitory then came back, and pervasive geopolitical uncertainty. Kaledora argues this ushers in a new generation of traders, illustrated by loud, active Twitter accounts like one that made over $4 million trading oil during the Strait of Hormuz closure and another that single-shotted large gold and oil positions for over half a million dollars of P&L in under a day. She calls the underlying trend Revenge of the Hyper Online (a nod to Revenge of the Nerds), arguing that time spent from a young age in chats, trading groups, and subreddits is unexpectedly value-creative, honing two contrarian skills: identifying reflexive viral loops (sensing what the herd will focus on, honed in the meme coin trenches) and a theory of mind for unpredictable characters (intuiting what an erratic geopolitical actor might do, much like anticipating a meme coin dev). She explains what this means for the market: asset-class-specific trading is collapsing, and where the prior mobile-first generation siloed people into FX, stock, or crypto traders, the trader of today moves seamlessly between gold, Bitcoin, oil, Nvidia, and the next SpaceX IPO, agnostic to asset class and chasing momentum. This drives migration to a single platform and a single instrument, the perpetual, which turns any asset into a cash-settled, risk-modulated instrument that never expires, the perfect native tool for this style. She closes noting Ostium and others have grown tremendously, and that this new class of cross-asset macro trader has elevated perps from a niche crypto instrument into one the broader finance world now takes seriously. 00:00 Introduction 00:07 Postmodern Investing and Perpification 00:37 Why We Started the Company 00:47 Macro News Is the New Reality TV 00:58 The New Macro Paradigm 01:27 The Three Anomalies of the Old World 01:48 How COVID Broke the Mold 02:10 Higher Rates, Inflation, and Geopolitical Uncertainty 02:30 A New Generation of Traders 02:37 The Oil Trader Who Made $4 Million 02:56 Single-Shotting Gold and Oil for Half a Million 03:23 Revenge of the Hyper Online 04:02 Skill One: Identifying Reflexive Viral Loops 04:28 Skill Two: A Theory of Mind for Unpredictable Characters 05:21 The Thanksgiving Markets Meme 05:34 Why Asset-Class-Specific Trading Is Collapsing 05:49 The Siloed First Generation of Trading Apps 06:11 The Trader Who Moves Seamlessly Between Assets 06:38 The Rise of a Single Instrument and Platform 07:10 Migrating to One Platform Across Asset Classes 07:35 Why People Just Want to Long or Short Anything 08:00 What Perpification Really Means 08:25 Why the Market Has Validated Perps 08:56 The New Archetype of Cross-Asset Macro Trader 09:27 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _