Behind the Build #1 - AMA Recap
Founders, Vision, and What’s Next
We held our first-ever Accountable Community AMA – a live session where our co-founders shared insights, answered pressing questions, and offered a glimpse into what’s next for the project. Here’s a full rundown, from the founding story to the upcoming roadmap.
Meet the Founders
Wojtek Pawlowski - Before founding Accountable, Wojtek worked at Maven 11, a venture fund, where he ran the credit division. He grew up in Warsaw and moved to Amsterdam at 18 to study quantitative finance. Wojtek started Accountable after falling victim to financial fraud, driven by a desire to build a more secure and trustworthy financial market.
Ioan Moldovan - With over 15 years in traditional finance and a deep background in building financial systems, Ioan joined the mission to create a more trustworthy financial ecosystem
What is Accountable?
Accountable is built around three core components:
Data Verification Network (DVN) - A private, cryptographically secure network that allows institutions to prove their financial health in real-time without revealing sensitive details. This system can connect off-chain and on-chain data, enabling counterparties to share verifiable financial information without exposing sensitive data.
"It basically gives people the ability to verify what they are doing off-chain and on-chain as well without revealing sensitive information." - Wojtek
Vault as a Service (VaaS) - A modular toolkit that allows institutions to build and manage financial structures like undercollateralized lending and structured products without reinventing the wheel.
"You basically choose: I want this, I want that, I don't need this, but I would like to have that... the system is very modular." - Wojtek
YieldApp - An aggregator that connects investors to verified yield opportunities, ensuring every dollar invested is backed by live, provable data.
"We effectively want to create a place where verifiable yield opportunities come together." - Wojtek
Why Now? Why Accountable?
Wojtek reflected on the pain points that led to Accountable's founding.
“Why now? As I mentioned earlier, we all remember 2022, when everything started collapsing one by one - FTX, Three Arrows Capital, Luna, and so on. The whole system was deeply unhealthy, and the harsh reality is that not much has changed.
If you look closely at the current state of the space, you’ll notice that a large chunk of the yields you see in crypto are still generated off-chain. What you have on-chain is essentially a digital receipt - a promise that your money is being put to work, generating performance. But do you really know if that's the case?
Do you actually believe that the players who take your money and promise to buy treasuries with it are actually doing that? When you deposit into a yield-bearing stablecoin, that transaction essentially means you’re handing over cash, which they then put on exchanges to trade. But how often do you get proof that those trades are actually happening, that they’re generating the returns they claim, and that what you see on-chain aligns with reality?
Take FDUSD, for example. It recently de-pegged because, according to Justin Sun, they didn’t have the cash to fully back their stablecoin. If they had a system like Accountable, they could have just generated live proofs.
What we need is a trust layer for crypto - a way to become the industry standard for sensitive data sharing, so the entire ecosystem can finally rely on verifiable, real-time data. This is becoming even more critical in an era of AI, where the difference between a real report and a well-dressed PDF is getting harder to spot. You want to give your money to those who can prove they deserve it, not just those who can generate a convincing document.
Accountable was born from the pain of explaining to your LPs why they lost money and why we had no means to prevent it."
The Monad Connection
When asked about their choice to build on Monad, Wojtek explained:
"In our case, transaction speed isn't necessarily the priority. Of course, we love low fees and high TPS, but we're not a perpetual protocol placing order books on-chain. However, Monad will attract many of our potential clients, so being positioned in a place with strong lending demand is a critical part of our strategy." - Wojtek
How Does YieldApp Work?
Ioan explained the core functionality of YieldApp, which aggregates protocols and lending vaults, generating real-time financial proofs using Accountable’s Data Verification Network.
Key elements include:
Real-Time Monitoring: Continuous data verification to track financial health.
Zero-Knowledge Proofs: Private, secure validation of asset integrity.
Customizable Dashboards: Lenders can track financial health through live, permissioned dashboards.
"What we do behind the scenes is run a data verification network that allows parties to attest to our financial health. They plug in our assets and liabilities, and within our network, we verify – using zero-knowledge proofs – that liabilities are not misrepresented."
Testnet and Roadmap
Testnet for YieldApp launching in Q2 2025
Early access for waitlist subscribers and early NFT holders
Ongoing audits and security checks
Focus on institutional partnerships to expand ecosystem
"Yes, we're launching on testnet soon – specifically in Q2 2025 on the Monad Testnet. Access will be for those who subscribed through our waitlist and the early NFT holders from our Credit Runner game. Kudos to everyone who achieved high scores and put in the effort. We'll open it up to a broader audience a bit later." - Ioan
Current Traction and Milestone
Accountable’s Data Verification Network is live, with software already deployed at major hedge funds and lending platforms.
Some recent milestones include:
64,000+ people on the waitlist for the YieldApp.
Two completed audits, with more on the way before Mainnet launch.
Ongoing partnerships with leading institutions like Galaxy, Noon Capital, and Amber Group.
Thesis From Co-Founders
Wojtek Pawlowski
"We want to create a place where verifiable yield opportunities come together."
"You don't want to hand over cash to people generating statements in PDF generators. You want to back those who can prove they deserve your money."
"We're building something the crypto space hasn't seen yet."
Ioan Moldovan
"What we're building at Accountable is a shift from the current state of relying on trust and words to a system based on live, verifiable proofs. Our goal is to create a new era of finance, where every claim is backed by cryptographic proofs, making cheating and misrepresentation impossible."
Closing Remarks
As the session wrapped up, Wojtek and Ioan emphasized their commitment to building a safer, more transparent crypto ecosystem. They encouraged the community to stay engaged and keep an eye on socials for the latest updates.
Join the conversation on our Telegram community or sign up for the YieldApp waitlist to be among the first to experience live-verified yield opportunities.