Proof of Usefulness Report

Hashstack

Analysis completed on 1/23/2026

+52

Proof of Usefulness Score

You're In Business

Hashstack is a legitimate DeFi project on Starknet with verifiable seed funding ($1M in 2022) and a live under-collateralized lending protocol. However, the submission quality is extremely low, containing patent falsehoods (claiming 'everyone' as the audience and that 'most people' have used it). While the technical implementation of non-custodial under-collateralized loans is innovative, the actual verifiable traction is niche (likely <$5M TVL and <10k users), contrasting sharply with the submission's exaggerated claims.

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Score Breakdown

Real World Utility+20.00

Audience Reach Impact+3.00

Technical Innovation+12.00

Evidence Of Traction+6.88

Market Timing Relevance+6.00

Functional Completeness+0.25

Subtotal+48.13

Usefulness Multiplierx1.08

Final Score+52

Project Details

Project URL

hashstack.finance

Description

At Hashstack, we are disrupting the defi landscape through Open protocol. World’s first \u0026 only non-custodial under-collateralised lending solution. We have painstakingly built this product over many months of iteration, \u0026 validation. We are looking to onboard incredible talent, who is execution oriented, and who can 10x our capabilities as a team.

Algorithm Insights

Market Position

Growing utility with room for optimization

User Engagement

Documented reach suggests active user community

Technical Stack

Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline