Web3 Devs Underground hosts its monthly meetup on Wednesday, July 29, bringing together founders and builders for a hands-on session on protecting startup runway from currency volatility.
Raised in dollars? Spending in shekels? You’ve likely lost 30% of your runway in the last two years — and never noticed.
Most Israeli startups raise in USD but never hedge. The result? Capital raised two years ago is now worth 30% less. CEOs effectively handed their employees a 30% monthly bonus through exchange rates without anyone realizing it. Prices go up, buying power goes down – and the startup pays the price.
This meetup gives founders practical tools to stop the bleed – in builder language.
Talk 1 — “Currency Risk 101 for Founders & Builders”
🎤 Tal Raz, Co-CEO, Altshuler Shaham
What hedging actually is, why you need it, and how every founder with a dollar-denominated budget should think about it – the theory in simple terms, no finance degree required.
- Long vs Short — the fundamentals every founder needs to know
- Stop-loss, forwards, options, swaps — broken down without the jargon
- The difference between “hedging” and “speculating” – and where your startup fits
- Real examples: what it cost Israeli founders NOT to hedge their cash
Talk 2 — “Hedging in Practice — Build It Yourself”
🎤 Ofir Eliasi, Blockchain\DeFi Expert, CTO
How to take the theory and build real tools – on-chain, using DeFi protocols.
- How to code hedging strategies for your startup or personal portfolio
- Decentralized tools vs. traditional banking – what works, what doesn’t, and for whom
- Case study: from USD raise to shekel spend – building a system that protects your runway
- The nuances you need to know when writing currency protection code
Agenda:
18:00 – 18:30 | Drinks and Networking About Sponsors:
Altshuler Shaham Financial Services
Strives to offer tailor made solution that match each client’s individual requirements. The company is part of the Altshuler Shaham group, one of the leading asset management groups in Israel. Our strong team of professionals offers FX Trading services in Spot, Forwards, FX Options, and other rates-related hedging products (FRA, Interest Swaps). The knowledge and Experience together with the vast supporting functions place Altshuler Shaham Financial Services in the cutting edge to provide the best services to our clients. That’s why, since our establishment in 2016, we now serve over 1,200 clients ranging from public companies to large institutional entities and SME’s including private high net worth individuals.
Masterkey Venture Capital is a global early-stage fund investing in top-tier innovative deep tech and Web3 infrastructure projects. With a strategic presence in key crypto hubs worldwide, we are uniquely positioned to drive technological advancements within global ecosystems. Backed by nearly 50 years of combined expertise in advanced infrastructure, novel cryptography, cybersecurity, and energy solutions, our team is dedicated to empowering the entrepreneurs shaping the future of blockchain technology.
Stay Connected
🐦 Twitter: https://x.com/Web3_Devs ✨ Web3 Developer Underground Israel is for those who are keen on developing and coding groundbreaking Web3 projects, smart contracts, and exploring the vast capabilities of related technologies.
18:30 – 18:40 | Opening Remarks
18:40 – 19:25 | First Speaker
19:25 – 19:35 | Q&A with the first speaker
19:35 – 19:45 | Break for Food and Drinks
20:30 – 20:40 | Q&A with the second speaker
20:40 – 21:00 | Finish the day with us over a beer and some small talk.
📌 Telegram: https://t.me/web3devs_underground
🌐 Website: https://www.web3devs.org/
🔗 Linktree: https://linktr.ee/web3devsunderground
📺 YouTube: https://www.youtube.com/@web3devsunderground
Wednesday, July 29, 2026
🕔 Time: 6:00 PM – 9:00 PM IST
📍 Startup Nation Central
Lilienblum St 28, Tel Aviv-YafoFind Hotels Web3 Developers Underground Meetup