Welcome & Opening Ceremonies | Kartik Talwar
ETHGlobal·Sun, Aug 9, 2026, 12:00 AM
Speaker
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 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Transcript
Good day to everyone. My name is Kartek. I am one of the co-founders of Eth Global. I want to welcome you all to ETH Global Lisbon. Wow, I like that echo.
This is not a conference. You are at the ETH Global event, and our mission is to engage thousands of developers in the Web3 ecosystem. We do this by hosting a lot of hackathons, and this weekend is special because of a few things we do differently than many other crypto events. The goal of this weekend is this weekend is to focus on developers. Many of you are here to create things you are passionate about.
We want to make sure you have the opportunity to test your ideas and experiment much more. These are opportunities for you to learn, gain new skills, try new things, explore new protocols, and simply grow as a developer. And the most important thing that sets these weekends apart is what we believe: showing is much more important than telling. This means that on Sunday, many of you will be showcasing your hard work to everyone else, whether it's our judges, partners, or each other. And we want you to tell everyone what you're passionate about and how it improves your daily life, because you have to solve problems that matter to you.
We started doing this in 2017 by organizing an event in the city of Waterloo in Canada. It was there that the first ETH Global event took place. Over the years, we have held more and more such events. We visited Argentina, San Argentina, San Francisco, and Singapore. ETH Global as a movement has become much larger.
The next year we went to India, Cape Town, and started covering more continents. In 2020, we held several more events. We started holding online holding online events more often. We continued to do this throughout 2021, as our user and member base grew tenfold, because now you no longer need to travel. We continued this and returned to offline and online offline and online events, holding events in Amsterdam, New York, Mexico.
Returning to some of our favorite places. In 2023, we held our events in Tokyo, Lisbon, Paris, New Lisbon, Paris, New York, India, Waterloo; we continued again and reached our sixth continent last year. And in 2024, we started the year with our first events in Europe, and just a month ago we were in New York, and we have three more events left this year: Tokyo, Mumbai at the end of the year with Defcon at the end of the year with Defcon , and we're back here in Lisbon for the second time. There are more than 518 participants in the hall. 380 of them are participants in the hall.
380 of them are hackers. A very nice round number. We still have people coming to us who are diving into Web3 for the first time. So, 26% of them are moving from Web2 to Web3 and are using this event to learn what can be done with smart contracts. People from 116 unique cities, 47 countries, and six different continents gathered here.
People here are literally from all over the world. And, of course, a lot of people from all over Europe. So we're excited to meet many of you—both those we're seeing for the first time and those who joined our online events our online events and are now meeting us in person for the first time. Not only that, we also have 43 incredible partners who will help you understand what excites them in this field. 16 technical mentors who are ready to dedicate their entire weekend to ensuring that you don't encounter any obstacles in your work.
Eight seminars that will explain how to use different protocols. Since this is not a conference, there will be exactly zero presentations. And all of these materials are now available for viewing. In addition, we are giving away $100,000 in prizes. We will tell you what these prizes are.
Thank you to our eight incredible partners. Please partners. Please join me in giving a big round of applause to 1inZero, Hyera, Sui, The Graph, Uniswap Foundation, World, and ENS. They will be here all weekend to provide you with a great experience in generating ideas so you don't have to start from scratch. You can use the results of their hard work— hard work— great SDKs and tools that you can simply import and start using.
I want to spend the next 10 minutes talking about important things that each of you should know. Who here in this room is participating in a global hackathon for the first time ? Well, that's great. So, this will be new information that will come in handy, as we will discuss some changes in the rules, how to think about project submissions, and how the evaluation will take place. The hackathon has officially started, so you can start working on your projects.
This event is designed to be accessible to everyone, regardless of how experienced you are in this field. Our workshops are suitable for everyone so that everyone can gain new skills. We recommend a lot of educational content educational content . You can watch it on demand. And it doesn't matter whether you started in this field a week ago or have been working here for 10 years.
This is designed to be a wonderful experience for all of you experience for all of you . And we want to make sure you get the help you need. Everything we did today, including our workshops or workshops or any past ones, is available on our YouTube channel, so you can watch them anytime, especially this afternoon. And the good thing about today's seminars is that if you have any additional questions, the speakers are still in the building; you can just walk up to their booth, find them, talk to them, and ask any clarifying questions. As for the rules of this hackathon: you can have a team of up to five people, and you have the next 36 and a half hours to develop, which means that project submissions are due at 9:00 AM on Sunday.
You don't have to have a team. We recommend creating one because it will make your life easier: you can distribute the work, take on more ambitious goals, and add more features. So, one to five people can work on one project. The world is changing, and we want to make sure we are all ready for it . We want you to use LLM and AI tools for coding in your projects.
We advise you to do this. This simplifies a lot of things and also helps supplement what you may not be so strong at. If you are a great smart contract engineer but have less experience with the frontend, you can focus on smart contracts and leave the high-quality version of the interface to Codeium, Cloud Code, or another tool of your choice. All of this is allowed, but we want to see when you use these things and when you have made something yourself. Therefore, we recommend that if you use large project planning tools, you should save a plan file in markdown format in your repository and commit that plan so that we can see what was done and how the tasks were solved.
Also tell your agent to commit more often and write descriptive messages for them. We don't want to see 10,000 lines in a single commit. If you're using an agent, just set it to do incremental commits so we can see how things have changed and evolved. And the best part about all of this is that you'll be using a lot of new tools, but not a bunch of new SDKs. Our partners are here to present new products, and they want to learn how to make their own development experience better.
So if you say to your agent, "Hey, can you integrate this protocol or this SDK?" and it doesn't work as expected or while it's running in the background . You should understand what can be done better and faster, and share this experience with our partners, because they want to improve it for all of us. And if you give them real-time feedback or say, "Hey, this is n't working as expected," expected," everyone wins, and we make the ecosystem better. We want you to use AI for programming, but we also want to make sure you have a good understanding of certain limitations.
Here are four things we've discovered over the past year and a half that we recommend you take into account and not use for AI. First, don't use it for idea generation. You will be working with a very outdated dataset that is not optimized for how the cryptosphere is evolving. And if you simply ask for advice from a specific company or SDK, the ideas you get will likely be very mediocre. So, you can try, but it won't increase your chances of creating a good product, solving a difficult problem, or achieving a good price.
Alternatively, you can use it to start brainstorming, but we recommend interacting with others and getting real feedback. You want to work with those who have more context in the industry, because we've noticed that nuance is what matters most. If you have an idea, someone can say that another team, company, or person in this room has already tried it, and share what worked and what didn't. This makes it much easier to focus on the right things so you don't repeat the same mistakes. In addition , you should also care about your own development.
You shouldn't just delegate tasks. So, even if you're trying to simplify the implementation of something, we recommend paying attention to the code and checking if it works exactly as you expected. After all, you are a developer, and you want to be sure that you understand what is happening and know the system well, because this is what helps to achieve significant efficiency gains and optimizations that may not be noticeable at first glance. We'll email you some of these recommendations today, but this is how we plan to simplify your build time and use the best tools best tools . So, another thing we did—and this will be the second event this year that we're trying this out at—is a continuity track.
Is there anyone who doesn't know what a continuity track is? No hands. Perfectly. And I can...Let's go back.
Um go back. Um , you've all been to many hackathons before, and the cycle is always the same. You have to start from scratch. Everything you do is effectively limited to the weekend. And we don't like it anymore.
We want to start adapting to the realities of the modern world. We allow you to continue working on what you have been doing until today. This means you can add features to your previous hackathon project, whether from ETH Global or any other hackathon. You can take an open project you saw and fix the bug report posted there. You can create a module for your own company.
There are many founders here who are testing this for their company features, and just publishing that feature already counts. This is what we strive for. So we can continue the path "from scratch" that was before. But we also allow you to develop features in other open source projects and create more open source for private projects. Here's how it's done.
So if you want to be on the main track, that's where everyone is by default unless you choose otherwise. Nothing changes. It's like any other event. You can simply start working with a GitHub repository if it is a new repository. And we see that the commits didn't start earlier today.
You are ready to go. You are creating your project. You will present it to us on Sunday. And we have the same experience. If you want to expand the project, you have several options.
You can work on your past ETH Global project and add new features to it. If you find an open source project, a lot of the interesting things we've seen are people forking existing interfaces for DeFi interfaces for DeFi projects, adding more useful features, simplifying them, or implementing user requests; you can take on this and it will also count as a submission. And as long as you make sure that the project is open source and we can see what exactly you added, everything will be fine. But the other side is that some of you are building companies and your codebase may not be completely open or private. It can be private, but if you want to integrate something, whether it's a protocol or an idea you've been working on, you can release it as a module, as long as that module is open source and connects to your internal APIs.
Even if we don't see how these APIs work, all of this is also allowed. Only a few people fall into this category, so we consider this on an individual basis. So if you're in this situation and want to understand how this will work for your specific project, come to me, talk to me, and I'll make sure you get permission and we don't have any problems. But now you can create things and build them for others, solving real problems. And that's what the continuity track is all about.
The way it works is that you need to choose to participate in the continuity track in your hacker panel. You can switch between a continuous track and creating from scratch right now. But once you start working, you start working, you obviously can't go back, because if you add code, you have to start from scratch. If you switch, you can only choose one of the options. And all this happens on your dashboard, and all prizes are tied to a specific track.
So there are sponsors here who provide prizes for the continuity track continuity track , and if you don't participate in it, you won't be able to claim those awards. There will be many unusual situations. We are doing this for the second time. We learned a lot of interesting things from past experience. So, if you want to participate in the continuous track and have questions or want to know if it's appropriate, please contact us, because we want to do everything better and make sure that each of us can create solutions that solve real problems for others.
It was about the continuity track. Let's move on to a little logistics on the site. So, the first thing is safety. This venue is open 24/7 open 24/7 , which means you can come at 3:00 PM or 3:00 AM. You will be allowed in and out of the building as long as you have your badge.
especially at night badge. especially at night . We will scan badges to know exactly who is in the building at this time. Be sure to wear your badges and wristbands with you at all times. This is not just a bracelet.
Badges are important too. The QR Badges are important too. The QR code must be visible. If you lose your badge or wristband, we will not issue new ones. And your rate will be reduced.
This is about security. This helps maintain order maintain order . We want you to not have to worry about your belongings. And that only those who need to be there are in the building. This room is very beautiful.
It is wonderful. Be careful not to get it dirty. Don't leave a mess. If you have trash, throw it away. There are many garbage dumps around.
We want to make sure we find it in the same condition. We leave it as we found it. And we take care of this building. Regarding the Internet, we have put a lot of effort into making the online experience truly high-quality. You shouldn't have any problems, but don't use hotspots.
When you turn on a hotspot, the routers' Wi-Fi channels create interference, which slows down the internet within 8 feet of your device. If you're experiencing Wi-Fi problems, it's probably due to one of two things. one of two things. First, you connected to the network, then you changed your location, and your computer tries to connect to the old access point, which causes a drop in speed. So either go back to where you were, or turn off Wi-Fi for 5 seconds and turn it back on —you'll connect to a closer router.
Your internet will work normally again. Second, if something really isn't working or is slow in a certain corner, find one of us, write to Discord, and tell us where exactly the slow speed is. We have technical specialists. They will come, check, and fix everything on the spot. We just need to know where you are, that's the main thing.
We are trying to make this holiday as comfortable as possible for all of you. Several gigabytes of speed are available for each . We shouldn't have any problems with the Internet. All other information is on the website information is on the website . The schedule, meal times, submission deadlines, start of grading, workshop times—all of this is available on the website eglobal.
com/lisbon. You are all part of this building, you have registered and should have access to Discord, which automatically manages access rights to the channels you need. This means that if you don't see the Lisbon sidebar in your Discord, you're connected incorrectly; just go to the hacker control panel, click the Discord button again click the Discord button again , and you will see everyone and the channels you want. So channels you want. So , you will be able to chat not only with hackers, but also with some of our partners and mentors who will be there online.
Some companies have other staff who are not physically present but simply monitor Discord. So you can still get support from teams at different times of the day and in different time zones, and it will all happen in Discord. If we need to make an announcement, we'll do it there first, and then we'll walk around the site and tell you what's changed. And, of course, we are here in person. These events are meant to be an opportunity for you to get to know each other, spend time together, and learn about what others are passionate about.
Communicate, meet new people from different parts of the world, find out what interests them, and learn from them. In addition, there is often a high probability that someone has already done what you want to do, or knows how to fix a certain bug, or has already encountered something similar. You'll probably be able to get help directly from the person sitting next to you, because there are so many smart people in this room. We want to make sure you can meet and make new friends. As for the premises themselves: you've already been to most parts of the building.
We are on the third floor, where the main stage is located . Everything else is below. And tomorrow Pragma will also be held here. So we'll block off part of the building a little bit. You will lose half of one side where the workshops were, but for hackers everything will remain the same will remain the same .
And nothing else will change for hackers . This will only be for those with access to Pragma. And for those who are into hacking, accessing Pragma is very easy. You can simply register on the site to attend it, where there will be many interesting talks about the future of DeFi and the evolution of Ethereum. We've already had time to have lunch or dinner.
There will be a late snack tonight. Tomorrow there will be brunch, lunch, and a late night snack. And on Sunday we will have breakfast and lunch. These are all your food options. You can see the schedule on the website.
We'll have cup noodles tonight. You can just enjoy the moment and relax a bit . Tomorrow we will continue in the same spirit, but we will also try local delicacies. Pass on "Sonata"—it's your sweet snack to keep you going before the deadline. And tomorrow we will also be hosting a little event so you can all have fun and get creative.
This will be tile painting This will be tile painting , which is very popular and traditional here in Portugal. And if you have n't taken a photo yet, you can meet your team members and get a great souvenir right at the entrance. So take a photo with the team you're here with and enjoy the memories of Lisbon. And there are a few more things. You all received your sets, but two more things will be available soon: a fan, which is very much needed in Europe right now.
There is also a beautiful tile-shaped cup stand that we will be giving away tomorrow. We will make sure that each of you can get these items and add them to your kit. But you already have a great t-shirt, some great stickers that our team created, and a nice zipper bag that I'm told is a very sought-after item. Um, another thing we're proud of we're proud of is Spotlight. At each event, participants create projects, continue to add features, and some of them turn into startups, becoming something more than just a hackathon just a hackathon project.
Here are four teams that participated in past ETH Global hackathons over the past few months and are now ready to share how their projects became something bigger. These four teams are currently at the bottom. They have a table where they display what they have created. You can chat with them. We encourage you to talk to them, learn about their journey, try their product, provide feedback, and leverage the same developer experience that each of us has to improve these products and bring them to more people.
We want to make sure we help you succeed. And, uh, Spotlight—it's something that anyone can apply for. So if any of you have created something and want to continue developing it, you can apply for a spot at Spotlight in Tokyo, get a table and a booth in two months at the 8 Global event in Tokyo. Now the most important part: evaluation and prizes. The prize pool is $100,000, and you have until 9:00 AM this Sunday to submit your projects.
When the application deadline arrives, you will be asked to choose one of these two areas. You can choose the partner direction or the finalists direction. And that's the difference. Affiliate referral means you are trying to win a prize from only one of our partners. The rule is that you can apply for a maximum of three prizes for your project.
Here are eight great partners. You can only choose any three, which means you should focus on choosing the right project and integration. And for each partner you choose, you automatically qualify for all their prizes. They will decide for themselves which category is best. So you only have to worry about one topic or another.
You automatically participate in all of them. After that, we recommend going to their booth and showing them what you have created in a real demo. This is recommended, but not required. We want everyone to get a chance to hear feedback, and sometimes many teams are submitted to a particular partner, so not everyone will be able to do a demo, but we recommend that you just go there as soon as you're done and let someone test your project. If you choose the finalists route, you will be eligible for all the partnership prizes mentioned earlier prizes mentioned earlier , as well as being among the top 10 hackathon teams and taking the stage on Sunday to showcase your project to everyone present.
These are the best projects from this entire hackathon. They will also be evaluated by a separate panel of judges. This does not depend on which API or SDK you use, as the evaluation is based solely on the merits and the idea itself. These are not mutually exclusive options: if you want to make it to the top 10 hackathon teams, you can still win all the partner prizes, but this requires an additional evaluation stage. Why do you even want to be a finalist?
Well, to show that you are truly a master of your craft. This is the most obvious reason. In addition, we provide participants of the finalist teams with an annual subscription to ETH Global Plus. You will receive many nice bonuses, including $1,000 in cash and $500 for a flight to the next hackathon. So, if you become a finalist, we will pay for your flight to Tokyo or to DevCon.
You will also be able to attend the next ETHOF for free. We hold many private events with different founders. You can learn from them . You will be able to hear private conversations. And if any of you plan to develop your project further, you will receive $50,000 in AWS credits for Web3 services.
You won't have to worry about launching your project into production or mainnet, because we will simplify this experience as much as possible. We want you to succeed. To become a finalist, you only need to do a few things. First, when submitting your project, be sure to indicate that you are applying for the finalist category finalist category . And you should make sure you follow the basic rules for completing the application.
We should see a repository that is testable, i.e. without three commits, each containing a million lines. We need to see exactly how everything developed from scratch or from one function to the final result. Bug fixes should be done according to the rules via pull rules via pull requests.
If multiple contributors are working on issues , make sure everyone follows proper GitHub rules. The project must be open source. It must be deployed and work online. This means that when demonstrating to judges, the project on localhost will not be accepted. You will be automatically eliminated from the finalist category finalist category .
We will check this on the spot. The project must be available online. It doesn't have to be on the mainnet, but it can't just run on your computer. It should be a website so that be a website so that anyone can go in from their device and do the same demonstration as you. So, these are the basic qualification requirements.
You also need to record a video demo, just in case something goes wrong. We need backup proof of how the project works so that you don't suffer due to technical failures. And, of course, to become a finalist, you need to personally demonstrate the project to the new judges. So after 9:00 AM, come to the demonstration area demonstration area to show your work to a real judge. They will ask you a few questions and then decide if you made it to the top 10 teams.
Under current rules, seven teams will be selected in the main stream and up to three teams in the continuity stream. So we want to make sure everyone has the opportunity. This is how we will distribute everything. And we are doing this for the second time. So if something doesn't go according to plan, we'll decide what to do and let you know about let you know about any changes.
One important note: it doesn't matter which prizes you claim. Whether you use three protocols or zero protocols or integrations—it doesn't change anything. Finalists are selected based on the quality of the problem being solved and the level of your demonstration. So, all of this happens exclusively in your control panel. You don't need to worry, the main thing is to read the screen carefully when filling out the application form.
This is the most important thing. When you present the project to the final jury, you have seven minutes per team. Four minutes are allotted for the demonstration. You must show the judges your product, after which they will have three minutes to ask questions of interest, and then they will evaluate your project. Video recordings of applications are mandatory.
Live deployment is also mandatory , and we strongly advise against doing it at the last minute. We have been doing this for many years. We have seen over 20,000 projects. And the only thing I can say for sure is that you will think that recording a 4-minute video will take five minutes, but that is never true. You need at least 40 minutes to record a 4-minute video.
You should think through the storyline well. You need to understand how to switch tabs. If something is running too slowly, you should be able to edit it. Everything has to be one solid take. You need to make sure need to make sure that you explain very clearly what exactly you are doing.
And you want the video to look good when you, your parents, the judges, or I watch it while evaluating the project. The better you can explain to people why you are working on something, the better your chances. This only benefits you, as this video will remain and become part of your project's identity. And if you really, really explain why you're excited about something and how well it works, you'll be on the winning side. So don't leave it to the last minute.
Allow at least an hour for your project submission, as you also need to describe a lot of details: how the project works, what technologies are used, what you decided to automate and what not, how you applied AI—all of this is part of the assignment. When the judging begins the judging begins , the judging of the contestants and finalists will take place simultaneously. Both processes will run from 9:30 a.m. to 12:30 p.
m. or 1:30 p.m. This means that we operate on a first-come, first- served basis. If you are in line for the final, be ready when your turn comes because you will be directed to a room immediately.
If you are in line for a demo for sponsors, be ready to show them your product immediately. You can come and choose any place choose any place you want to go. If one queue is busy, move on to another, try to move on, because everything will happen in real time, and you have to manage your time yourself. Record a video, fewer slides, more demonstration. Don't worry about the background.
Don't waste time talking about where you're from or how everything works "in theory." Don't waste 30 seconds logging into the site. Let's just assume that you are already logged into your demo account. Use GitHub correctly, add as many details and screenshots as possible, because the better you look, the better your chances are and the easier it is for others to understand how everything works. So, I'll repeat it for the third time: make a quality project submission.
This will only help you. This is the best advice I can give about submitting a project. And, of course, many of you are here for the first time. Many are trying to figure out what can and cannot be done in smart contracts or Web3 SDKs. We have a lot of great mentors who will be here all weekend.
They work in shifts, literally around the clock literally around the clock . They are also available in our Discord. You can ask questions on Discord, but there is also a separate mentor station. Here are these 16 incredible people. They all wear these bright neon vests.
They are not builders. They are here to help you with the code. Whether it's frontend, smart frontend, smart contracts, backend, UX, or general advice— or general advice— if you're even thinking about starting a company, there are a lot of great founders in this photo. They will help you in any way they can, and if not can, and if not , they will direct you to the right person. So rely on our wonderful mentors for any help you need.
They want help you need. They want you to succeed. I don't want to say everything here because it will be a very long ceremony. But if you miss something, find us on Discord or email us . There will be a reception desk there, where we will be at all times, so anyone from the Global team will be able to answer your questions.
Look for me. I will be here for a long time. Ask us about anything we missed. Last missed. Last but not least: this is an offline event where all our rules and regulations apply.
Everything is on the website onglobal.com/rules, but in short— but in short— please be polite. Any form of harassment will not be tolerated. If we see anyone behaving inappropriately, you will be immediately removed from the room. If complaints are received , we will take immediate action.
Any unacceptable behavior will result in immediate action from the Elo team. So please make sure everyone here follows the same rules and makes the atmosphere in the building welcoming for everyone. Everything you create here is your intellectual property. So property. So whatever your inventions or projects, if you have a team of five people, all five have equal rights to that project.
So neither ETH Global, nor our sponsors, nor anyone on your team has any special rights to use the project's intellectual property. You can do whatever you want with this project , which means you can create a company or privatize it later. You can look for ways to make money from this, it's allowed, you control everything you invent here. These were all logistical issues. I also want to invite one wonderful person to talk about who they are, why they're excited to be here, and about the incredible story that we think is amazing.
So, without further ado, I'd like to invite Matt from 1inch to the stage. Greetings. Hello everyone. My name is Matt, I'm from 1inch. And for those who may not know, 1inch actually started at a hackathon in 2019 at ETH New York, and our co-founder stayed up all weekend, it seems, building the first version of our aggregation protocol.
It has grown significantly since then. Since then, we have reached a total volume of over 800 billion. So, it just goes to show that what you create here this weekend, if implemented correctly, could explode into the next big unicorn. So we have one reward this weekend, and it's for a new protocol we launched called Aqua. And Aqua is a truly innovative method of providing liquidity.
So, for those of you who have interacted with DeFi before, you are probably familiar with putting tokens into a pool contract, and that is great, but there are some issues, like you can't use those tokens for management or do anything else with them because they are locked in the contract. So with Aqua, we actually turn this on its head: we allow the liquidity provider to maintain full control over the tokens in their wallet and subscribe to various DeFi strategies by simply holding the tokens themselves. And they can do whatever they want with the tokens . The pools will then pull tokens from the liquidity provider’s wallet on request, as needed. And this really opens up opportunities for capital efficiency for the liquidity provider.
I think there were some reports last year that over 90% of all liquidity in DeFi is sitting idle in contracts because it is only used in certain cases, like when an exchange is happening. So, this opens up opportunities and solves this problem. So we have $7,000 in total rewards. We will divide the main direction into three parts. And we are looking for people to build applications for Aqua.
Which are essentially just AMMs compatible with Aqua. I think it's about 100 lines of code or less that can be added to can be added to any DeFi strategy. It's very simple and elegant. And also a development direction, where $2,000 will be divided between two winners. So if you have any current project you're working on, something related to liquidity provision or AMM, DEX or things like that, you can definitely consider Aqua as a solution for it.
And yes, here is the QR code for our rewards. We will be here all weekend at the stand. So feel free to come over, ask any questions, and if we're not there, for example in the middle of the night, feel free to reach out to Discord, because we'll be checking it when we wake up in the middle of the night. So thank you guys. Happy hacking.
Thank you, Matt. It was 1inch who shared their incredible story and why they are excited to be here this weekend. And this is just one of many prizes. So, we have over $100,000 in prize money that we are giving away. ZeroG, Hideera and The Graph World provide 50,000 each, Sugap gives up to 10,000 each, and 1inch and ENS give 5,000 plus 2,000 for continuity from 1inch.
You can find all this information on the website, the prizes page has all the details, including what is eligible and what is not. So, not only will you learn about each partner's requirements, but you'll also get links to GitHub repositories that you can clone. So you don't have to worry about customization, you can just add your features and integrations. We want to make this as simple as possible for you. Many of them even have ready-made examples that you can just copy, and there is the whole context of using the SDK.
So take advantage of all the work our partners have done to make your life easier. And if you're still looking for a team, want to find participants or someone to join your group, there will be a workshop downstairs, in the same place as the previous event. Anyone looking for a team will be able to find like-minded people in the same position, and we will help you develop a great idea or find participants with the right skills right skills . Last but not least: this weekend is about learning. We want you to leave here having learned something new that you didn't know today, and that you can use to build a career or change the world.
Many inventions have emerged from this hackathon and ETH Global events over the past 10 years. Ultimately, we want to promote everything that is happening in this area that is useful and really helps create change. We want you to have fun fun . So it's primarily about learning. Even if you didn't manage to do everything you planned and only accomplished 80% of your goal—it's still progress, and that's important.
I want you to show off everything you've show off everything you've done, even if it's not everything you wanted to do. So, thank you very much for being here. Happy hacking, see you back here on Sunday.
Automatic transcript — names and jargon may be misspelled.