MinJun Kim

seeking patterns | Founder @Orakle_KAIST

[MinJun Kim @minjun_keem]

zFuBao: the BTC ZhiFuBao on Solana

[Orakle KAIST @Orakle_KAIST]

[SEOULANA 2025] Winners from ORAKLE 🎉

Three of our teams took home prizes at Seoulana 2025, the Solana hackathon hosted by @SuperteamKorea!

1ST PLACE⚡️ Bitcoin on Solana Track - Zeus Network: Z-FuBao
Bringing real yield and real utility to Bitcoin on Solana. Mint zBTC from native BTC, use it to generate zUSD — a yield-bearing stablecoin — and earn, pay, and live with your Bitcoin without ever selling it. Powered by Zeus Network.

3ND PLACE⚡️ Bitcoin on Solana Track - Zeus Network: Stream Square
The fastest way to turn Bitcoin into culture, BTC to Meme — One-Click Experience.

3ND PLACE ⛓️ Multichain Track - Wormhole: Vault6551
An ERC-6551 NFT becomes a cross-chain smart account using Wormhole, enabling control over Solana PDAs for actions like transfers, staking, and governance.

Proud to see Orakle members pushing the boundaries of Web3 innovation 🚀

[Orakle KAIST @Orakle_KAIST]

📢 Orakle 7기 학회원 모집

KAIST 블록체인 학회 Orakle에서 7기 학회원을 모집합니다.
오라클은 '블록체인 기술의 대중화를 완성하다'라는 비전 아래,
기술 리서치 / 프로덕트 개발 / 연사 초청 세미나 등을 통해
국내외 블록체인 생태계에 기여해왔습니다.

특히, 2025년 상반기에는 Seoulana, Colosseum Breakout, Sui Overflow 해커톤에 여러 팀이 출전하여 총 $40,000 이상의 상금을 받는 쾌거를 이루었습니다.

Orakle에서는 다음과 같은 경험을 하실 수 있습니다.
- 연사 특강 & 참여형 실습 (업계 리더들과 함께하는 세션)
- 블록체인 리서치 & 프로덕트 빌딩 (팀 단위 프로젝트 진행)
- 국내외 블록체인 기업/재단 협업 경험
- 블록체인 해커톤 출전 및 창업 도전

📝 지원 안내
- 접수 기간: 8/30(토) 12:00 ~ 9/13(토) 23:59
- 서류 합격자 발표: 9/14(일) 18:00
- 상세 안내: https://t.co/HO7q1aP9U8
- 지원 링크: https://t.co/ZkTV2qqHQw

👉 블록체인을 단순한 투기의 수단이 아닌, 문제 해결을 위한 도구로 탐구하고 싶은 분들의 많은 지원 바랍니다.

[Orakle KAIST @Orakle_KAIST]

🌀 Orakle 6th Conference at KAIST 🌀

KAIST 기반 유일 블록체인 동아리이자, 한국의 가장 잠재력 높은 Web3 Builder가 모인 Orakle이 대전 KAIST 본원 캠퍼스에서 6기 최종 발표를 진행합니다.

- 일시: 개강 첫주, 9월 6일 토요일 오후 1:00
- 장소: 한국과학기술원 본원 학술문화관(E9) 5층 정근모 컨퍼런스홀
- 참가 신청: https://t.co/fEnBkXyboq

[About Orakle]
KAIST 블록체인 학회 Orakle은 Web3 Builder(제품, 프로토콜, 툴, 혹은 인프라를 직접 기획/디자인/개발하는 사람) 중심의 커뮤니티로, 6개월 단위의 '기수' 제도로 운영됩니다. 이번 최종 발표는 현재 활동 기수가 6개월간 연구하고 만들어낸 최종 결과물을 선보이는 자리입니다.

Orakle은 여러 Web3 기업/재단과도 긴밀한 관계를 유지하고 있습니다. 지난 1년간 Sui, Radius, Solana Superteam Korea, RocketBoost, Rootstock, Keplr, Injective와 함께 다양한 행사를 공동 주최하고, 연구 보고서를 작성하여 기업과 함께 발표했으며, 제품을 만들어 재단 주최 해커톤에서 수상했습니다

[Contents]
이번 발표는 학회 3팀, 초청 연사 세션 2개 그리고 KAIST 학부/대학원/졸업생 대상 경품 추첨으로 구성되었습니다.
- 13:00-13:30 입장 및 개회 인사
- 13:30-14:00 🧑‍🎓 Team BTCFi: BTC Native 단방향 옵션
- 14:00-14:30 🎙️ 초청 연사: Sui
- 14:30-15:00 🧑‍🎓 Team MEV: High-Performance EVM Chain MEV 탐구
- 15:00-15:20 🎁 경품 추첨 1
- 15:20-15:50 🎙️ 초청 연사: OpenGraph
- 15:50-16:20 🧑‍🎓 Team AI x Blockchain: Onchain DNN Inference
- 16:20-16:40 🎁 경품 추첨 2
- 16:40-17:00 🤝 자유 네트워킹

[Sponsors]
이번 행사는 여러 재단과 기업의 소중한 후원으로 마련되었습니다.

🎙️ Main Sponsors
- @SuiNetwork: A first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible.
- @OpenGraph_Labs: OpenGraph makes it easy for robotics teams to access and utilize structured, real-world datasets for model training, evaluation, and fine-tuning.

🙏 General Sponsors
- @Bifrost_Network: A fast and scalable EVM-compatible blockchain that provides an all-in-one environment for developers to build multichain DApps.
- ORCA Technologies: On-chain MEV & Quant Trading Team.
- @keplrwallet: The fast, simple, secure wallet connecting you to any blockchains and apps.
- @NarrativeCap: A holding company that drives enduring growth through acquisitions and capital.
- @radius_xyz: A Foundation of Trust For Every Rollup.

글로벌 블록체인 재단 및 기업과 만나고, Orakle의 우수한 멤버들이 만들어낸 결과를 볼 수 있는 기회를 놓치지 마세요!

- 참가 신청: https://t.co/fEnBkXyboq

[MinJun Kim @minjun_keem]

Super excited to be a part of @Bifrost_Network x @base . Ready to ship our Base-aligned @btcfi_one in upcoming days. s/o to @davidandpassion for providing invaluable support from day1!

Bifrost is Based.
Stay tuned sers

[hyuckjae.base.eth 🛡️ @davidandpassion]

Had a practical simulation with the @Bifrost_Network team!

OGs in Bitcoin finance across Korea and Japan since 2018 — now bringing BTC-backed stablecoin BtcUSD to @base. We explored how cbBTC could become a powerful flywheel.

Shoutout to @biforst001 (CEO) — PhD in Financial Engineering from Michigan, derivatives expert in the US/Korea, and a professor of mathematical finance. Despite his seniority, his deep knowledge and passion for blockchain-based finance were truly inspiring. He and his team are Base-aligned to the core.

Bitcoin Finance is starting on @Base Chain.
Join the @Base Club.

[MinJun Kim @minjun_keem]

@chainyoda @base Appreciating the support from @davidandpassion to the APAC builders on Base. Looking forward to ship tgt sooooon

[MinJun Kim @minjun_keem]

might be hot take but imo (cc. @davidandpassion )

If we look at why options are traded in traditional finance — excluding institutional structured product demand — the core liquidity often comes from leveraged speculative interest, which is even stronger than futures.

In Web3, high-leverage perpetuals (e.g. 50-100x long/short) already fulfill that speculative demand, which is a key reason options haven't seen rapid growth in the Web3 space.

So in terms of generating organic demand for options alone, the historical data so far shows it's tough (ex. @opyn_ , @ribbonfinance) to find a PMF and likely will remain so for the near future.

[danning @sui414]

How much profits does MEV bots 🤖 really make from CEX-DEX Arbitrage?

No one can answer this question before, but we are excited to share a new paper measuring it with formal methods finally! (We got accepted by AFT25' !🥳)

I summarized all the alpha in one pic for you 😃

[Orakle KAIST @Orakle_KAIST]

[Orakle Cosmos Ecosystem Day #1] Keynote Recap
Josh AKA @dogemos (@keplrwallet & @osmosiszone Co-Founder)

Last month's Orakle Cosmos Ecosystem Day at @merkle_alliance opened with a high-energy 70-minute session from Josh, making the case for why the "Cosmos way" still matters in a multichain 2025.

1. From Nature to Networks
- Evolution = chaos➡️ specialization ➡️ order.
- Bees pick hexagons, Shinkansen tunnels carve the wind; app-chains should likewise optimize form for function.
- Cosmos mirrors that: start messy, branch into highly tuned blockchains rather than force everything through one VM.

2. Killing the Fat-Protocol Thesis
- 2016 pitch: value accrues to L1s. Reality (30-day protocol revenues): top 10 earners are apps (Tether, GMX, etc.) while ETH ranks #11, SOL #27.
- Lesson: L1 rent extraction is thinning; application layers & distribution layers capture the upside.

3. Cosmos Defined (4 lenses)
- Philosophy/Architecture: App-specific chains, inevitable multichain world, native interoperability (IBC).
- Ecosystem: Tens of independent chains that happen to share tooling.
- Tech Stack: CometBFT consensus, Cosmos-SDK state machine, IBC transport; optional CosmWasm/EVM modules.
- Cosmos Hub: A chain, not the chain; now focusing on cross-ecosystem bridging services.

4. Why App-Chains Win
- Gas Freedom: Osmosis whitelists USDC, wETH, OSMO (or any token via governance) as fee tokens; no "ETH or bust" UX traps.
- Protocol-Owned MEV: On-chain arb module back-runs user trades, burned/redistributed $2.4 M last year. Top-of-block auction built into the chain, not an external mempool.
- Composable Validator Services: Validators can bundle price oracles, bridge relays, even host front-ends—turning passive infra into active micro-services.

5. Pain Points He Doesn't Hide
- Fragmentation ➡️ dev & UX friction; wallets like Keplr shoulder the stitching.
- Easy chain launches mean not every team is ready for 1000 cc "motorcycle" ops; governance, upgrades, validator wrangling are hard.
- Network effects still favor EVM tooling; Cosmos must court EVM devs or double down on distinct advantages.
- IBC v1 purity (light-client only) limited reach; v2 embraces zk-proofs to bridge L1s that can't run light clients.

6. Strategic Bets Ahead
- Lean into distribution layer (wallets, aggregators) as the new kingmakers—Phantom proved it, Keplr is next.
- Elevate Cosmos-SDK-with-EVM as a superior "app-rollup" alternative to generic L2s.
- Solve value capture transparently (ATOM alignment, shared security, fee capture) to avoid repeating 2021 Terra-era missteps.

7. Market Outlook
Dogemos' tongue-in-cheek: "Ethereum is replaying Cosmos' 2019 in slow motion; we've already learned those lessons." Expect Cosmos chains to ship fixes ~2 years sooner.

Cosmos isn't a single coin or chain; it's a toolbox + ideology that puts product first, protocol second. In a world where users chase experiences, not consensus logos, dogemos argues that app-chains with tailor-made economics, UX-centric fee models, and protocol-owned revenue streams will outpace monolithic L1s and generic rollups.

Stay tuned: the cowboys of crypto are saddle-broken, battle-tested, and aiming for the next frontier of modular, profit-capturing infrastructure.

End of recap 🛸

[MinJun Kim @minjun_keem]

HODLing @HyperliquidX since Day1.
Celebrating ATH with my lil @HypioHL s.

Hyperliquid.

[MinJun Kim @minjun_keem]

Touch grass 🌿

[CBB @Cbb0fe]

Been locked in checking HyperEVM explorer over the past 2 months.

Yesterday was the first day I could see substantial organic activity happening there.

Early.

[Astrape ⛈️ @Astrape_sol]

We HODL Bitcoin. But life costs 💵

Introducing Astrape — get $USDC upfront by simply depositing BTC

Not a loan. Not a CDP.
It's a PayFi, powered by @ZeusNetworkHQ🧵

[BIFROST @Bifrost_Network]

🚀 BFC fam, strap in!

$BtcUSD <> $USDC pool is NOW LIVE on Base's #1 DEX, @AerodromeFi! 🎉

$cbBTC kicks it off—Bifrost is diving into Base. 🔵

🙏 Big thanks @AerodromeFi & @base—let's get the momentum rolling! 💪

Trade 👉 https://t.co/32rMl0db95

This is only the beginning of our journey on Base—expect deeper BTC liquidity, stronger yields, and a new level of #BTCFi opportunities ahead. 🔵🚀

#Base #BTC #DeFi

[MinJun Kim @minjun_keem]

zFuBao V2 – Astrape coming sooooon on @ZeusNetworkHQ

The domain is live on @sns ! https://t.co/HVkEDoKSGG

Huge thanks to @SuperteamKorea for supporting the builders.

Time for another cramming sesh with @sam_mu_rai and @Orakle_KAIST 📝

[Orakle KAIST @Orakle_KAIST]

In collaboration with @radius_xyz , Orakle has published a data-driven look at arbitrage profitability on @Optimism .

A few observations:

1. Arbitrage profit shows a strong positive correlation with DEX trading volume, whereas its correlation with liquidity is very weak.
2. Arbitrage profit can increase when DEX trading volume is high, after L2 fee reductions, and by paying a sufficiently high max priority fee.
3. Arbitrage involving pools across two or more different DEXs generates approximately 10 times more profit than arbitrage within a single DEX pool.
4. The top 10 tokens and pools with the highest arbitrage profits primarily include WETH, USDC, DAI, and governance token.

We hope these numbers give protocols and searchers a clearer benchmark for their own work.

🧵 The full analysis is linked in the thread for anyone who’d like to dive deeper.

[Orakle KAIST @Orakle_KAIST]

[Orakle 연사 초청 강연] Solana Deep Dive by @0xboosik

오늘 @merkle_alliance 에서 열린 Orakle 오프라인 세션은 세 파트로 진행되었습니다.
첫 번째 순서에서는 SEOULANA 2025 해커톤 수상작을 간략히 리뷰하며 각 프로젝트의 아이디어와 비즈니스 모델을 공유했습니다.

두 번째 순서에서는 a41 전 테크 리드이자 @SuperteamKorea Dev Captain이신 부현식님께서 ‘Why Solana?’를 주제로 강연해 주셨습니다.
1. Solana는 2024년 기준 일간 사용자 590만 명, 일일 트랜잭션 1.4억 건, 연간 수수료 수익 2,760만 달러를 기록하며 폭발적인 성장세를 이어가고 있습니다.
2. Solana는 UDP 대신 QUIC을 도입한 전송 계층 개선, 지분 기반 트래픽 우선순위 정책(Stake-weighted QoS), 블록 전파 최적화(Turbine과 Reed-Solomon FEC), 그리고 온체인 경매 방식의 Priority Fee 시스템을 통해 급격한 트래픽 증가에도 안정적인 처리를 가능하게 했습니다.
3. Agave, Jito-Solana, Firedancer 등 다양한 클라이언트는 JIT 캐시 최적화, MEV 수익 구조 내장, 고성능 병렬 처리 구조 등을 통해 노드의 처리 성능과 운영 효율을 획기적으로 향상시켰습니다.
4. 중앙 스케줄러 도입, 계정 데이터베이스 최적화, 슬롯 스킵률 감소 정책, 그리고 지연 밸리데이터 패널티 시스템 등을 통해 블록 생성의 일관성과 네트워크 합의 안정성이 크게 개선되었습니다.
5. 최근 Solana는 스테이블 코인 기반 결제 시스템(Visa-USDC 정산 등), 집중 유동성 기반의 DeFi, 전통 자산의 온체인화(RWA), 탈중앙 인프라(DePIN), 그리고 Wormhole을 활용한 크로스체인 연동 인프라에 집중하고 있습니다.

세 번째 순서에서는 @SuperteamKorea 를 이끄시는 @scottleestkr 님께서 @colosseum Breakout 해커톤의 한국 전용 트랙, 오프라인 멘토링 워크숍을 소개하시며 Orakle 구성원들의 참여를 독려하셨습니다.

세션 이후 연사분들과 함께 자유롭게 네트워킹하며 Breakout 해커톤 아이디어를 공유하고 팀을 구성했습니다. SEOULANA 2025에서 거둔 성과를 바탕으로 Breakout에서도 Orakle 팀의 활약을 기대합니다.

[MinJun Kim @minjun_keem]

@sam_mu_rai @_juliakeem @ZeusNetworkHQ @themoonmanP @dappiokeeper Feedbacks are welcomed:

- Deck: https://t.co/7KYcrYXOFJ
- Product demo: https://t.co/LhYnNwfL4a
- Git: https://t.co/z5uP0MIryK

[MinJun Kim @minjun_keem]

Shout out to @sam_mu_rai & @_juliakeem who persuaded me to join before ~48hrs of submission.

- the ‘call’: 11pm, Fri
- pivoting idea after talking with the @ZeusNetworkHQ team (@themoonmanP and @dappiokeeper): 11am, Sat
- building for 10hrs
- deck & video: 2 hrs
- submission: 12am, Sun

Prb the most hackathon-like experience throughout my entire life with 0 prep.

[Superteam Korea @SuperteamKorea]

Bitcoin on Solana Track - Zeus @ZeusNetworkHQ

🥇 z-FuBao - Making the BTC PayFi make sense (https://t.co/uvpvmXTYL0)
🥈 Bitbake - Bitbake is a reward app where users complete missions, earn points, and passively generate yield through Solana’s liquid staking ( https://t.co/7oS12rdNE0)
🥉 StreamSquare - Bitcoin is value. Meme is culture. We are the bridge (https://t.co/chBLKV4I9y)