Following a successful ETHIndia, the Kyber team visited Germany for Berlin Blockchain Week from 19–25 Aug. This was the 2nd year that Kyber attended the blockchain festival, and oh Berlin, once again you did not disappoint!
Participating in Web3 Summit, DAOfest, Dappcon, and ETHBerlin, as well as many other ancillary events in between, we had a power-packed time sharing about Kyber’s liquidity protocol to some of the world’s best blockchain builders!
Some of our key takeaways from the week:
- DeFi remains a massive trend in crypto, and is only getting more popular
- We are seeing more creative composability in emerging DApps
- A revival in DAO (Decentralized Autonomous Organizations) interest
- The developer community is getting bigger, and more diverse
We had the privilege to meet developers, marketers, and entrepreneurs from over 40 countries, and the passion and talent of the global blockchain community never ceases to amaze us.
Here we share some highlights from our Berlin adventure!
Kyber attended Web3 Summit held at the Funkhaus Berlin. There were many interesting subjects and speakers, including a talk by Edward Snowden (via video conference), but a big topic this year was on DAOs.
Luis Cuende from Aragon One spoke about Manifesto-based organizations, Ryan Zurrer, previously from Web3 Foundation, shared an Anthology of DAOs, and Yalda CEO of Autark showed everyone a DAO demo. The main stage highlight was a DAO panel comprising representatives from Aragon, Maker, MolochDAO, Digix, and Democracy Earth. One major lesson we gleaned from this panel was that for DAOs to be effective, the off-chain governance aspect is equally important, and we have to provide a conducive community platform (such as a forum) for critical discourse.
Apart from the main stage presentations, participants could join small group ‘nodes’ with lightning talks and intimate fishbowl discussions about specific topics. We participated in #dgov (distributed governance network)’s group sessions, where we were able to hear diverse perspectives on DAOs within a short span of time, and learnt that there were in fact many organizations beyond Ethereum or blockchain that were interested in the concept of distributed governance. The various case studies reminded us that identity and dispute resolution remain key problems to address in this space. Thanks Max Semenchuk for hosting us at these sessions!
Between talks, we cleared our mind and re-energized by having coffee at the gorgeous lake next to Funkhaus Berlin.
Fresh from our governance discussions at Web3, we attended the inaugural DAOfest, initiated and organized by the DAOstack community as a grassroots effort, with support from the team. Ilan, Senior Engineer, and Shane, Marketing Manager, were invited to speak and present about our lessons from our own KyberDAO experiments #1 and #2, which used Aragon and DAOstack respectively.
The main outcomes and lessons of our experiments were shared, especially how conflict was inevitable in any complex governance system, and the importance of understanding your DAO community needs. We explained our strategy regarding how we plan to grow the Kyber community moving forward, and talked about how proud we were of our active community supporters such as Jacob, Felix, c slyr, littleboy, DidYouSayBitcoin, M L, Luan Ho, Venson, Helpful Brother, Chomsky, CryptoNerdJunior, as well as the KyberSquad (who helped organize a Kyber T-shirt contest and meme factory)! We also got to meet Phil who wrote a Hackernoon article on DAOs, and Adrien, one of the top contributors in the Genesis DAO.
Dappcon (Developer conference for Ethereum DApps and Infrastructure) by Gnosis was held at the Technical University of Berlin, and hosted over 600 attendees, with 20 interesting speakers from Aave, Argent, Aragon, Ethereum Foundation, DAOstack, Golem, Maker, MolochDAO, and more! Developers preparing for the ETHBerlin hackathon also attended Dappcon for the 24+ technical workshops conducted by various projects.
To round up an awesome Berlin Blockchain Week, the team attended the ETHBerlin hackathon at The Factory, Görlitzer Park. This year’s edition was massive, with 730 attendees, 88 hack submissions, 61 speakers, and 36 judges! The atmosphere during the opening ceremony was absolutely electric, and we could tell that the hackers were eager to start building from the get go.
Here are some pictures from ETHBerlin:
There were plenty of rooms at the Factory to hack and rest, and our Kyber ‘token swap’ sleeping mask is perfect for helping you get some shuteye during the hackathon!
Hackathon projects powered by Kyber
We were glad to know that 5 teams built on Kyber during ETHBerlin. We truly appreciate their support and important feedback about our protocol and widget. What made us even happier was that many devs found our KyberWidget very easy to deploy when using our widget generator, allowing them to accept token payments on their platform within minutes.
Here are more details about these projects:
DitCraft is a project that decentralises the software development experience by empowering and incentivising the community to be involved in the git flow process. They used Kyber to allow their users to convert from Eth to Dai which is then transferred via the xDai chain, all via the DitCraft’s Git command line interface.
Unisaur.cz is a project that is hacked together by the Akropolis team which allows users to buy tokenised Facebook shares by creating a collateralised debt position with Eth. Chainlink is used as an oracle to get the price of a stock and Eth on chain while Kyber is used to help users open a CDP with any tokens.
FryTheDefi is a one-stop shop for newcomers to DeFi ecosystem with fiat on-ramp. FryTheDeFi is built using many projects, Kyber being one of them. The Kyber integration enables their users to swap from one token to another token without having to leave the platform, thereby embracing the “one stop shop” ethos!
Bearrowing is a tokenisation layer that is built by the CryptoManics team who are the guys behind 1inch exchange and 1lend (and big winners at ETHIndia!). It allows their users to to tokenise their positions on the various lending platforms like Compound or Nuo, which can then be tradeable like assets on secondary markets. Kyber is used to convert tokens during re-borrowing!
Two other interesting projects that did not build with Kyber were SUDZ by Flex Dapps who won one of the prizes for building a special ETH mixer with Tornado Cash, and LSDai, who won another prize for using Market Protocol and rDai to convert variable interest rates on Compound Finance into Fixed Rates.
#WunderBlock Berlin Scavenger Hunt
Throughout Berlin Blockchain Week, attendees attempted a series of bounties on Bounties Network as part of the WunderBlock Berlin Scavenger Hunt.
At the end of ETHBerlin, the top 5 winners on the leaderboard were able to claim a special care package made up of crypto swag from participating projects! Kyber was a sponsor along with other well-known projects in the Ethereum space such as Maker, Aave, AdEx, Bounties Network, Status, StateoftheDApps, and Axie Infinity.
Here’s a picture of 2 of our winners Nadia and Anett claiming their prizes. Congratulations!
Meeting New and Old Friends in Berlin
THANK YOU Berlin!
Kyber DeFi Virtual Hackathon
Some of you devs have already heard that Kyber will be launching a DeFi Virtual Hackathon soon with bZx, Chainlink, Compound, Melon, and Synthetix! We are working very hard behind the scenes to make it one of the most exciting online hackathons of the year. Stay tuned for more information in our developer chat 🙂